Aurelia Metals Limited (AMI) has confirmed it has held “preliminary discussions” with Glencore in relation to the potential purchase of Cobar’s CSA Mine.
Aurelia owns the Peak Gold Mines and Hera Mine near Nymagee.
The company released a “clarifying statement” to the ASX last week following a question raised at the company’s quarterly report conference call, seeking further information on rumours the company was interested in the purchase of CSA.
“The Company’s high-level assessment is that CSA Mine could potentially be a strategic fit for AMI, consistent with our general view that further consolidation in the Cobar region is potentially attractive (following our successful acquisition of Peak in 2018),” Aurelia said in the statement.
However Aurelia said the discussions are still in the very early stages.
“There can be no guarantee that any transaction will eventuate from past or future discussions with the owner of the CSA mine,” the statement said.
Aeris Resources, which owns the Tritton Mine near Nyngan, had previously shown strong interest in the purchase of CSA but “could not come to agreeable terms”.