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ASX Announcement 28 April 2021 ASX : AMI aurelia METALS Ltd. Quarterly Activities Report FOR THE PERIOD ENDED 31 MARCH 2021 Aurelia Metals Limited ( ASX : AMI ) ( Aurelia or the Company ) advises of the release of its quarterly activities report for the period ended 31 March 2021 . Highlights ■ Group gold production of 34.9 koz at group AISC of A $ 1,429 / oz ( Dec quarter : 15.9 koz at A $ 1,035 / oz ) . Performance driven by higher gold grades at Peak and Hera and first full quarter of Dargues ownership . FY21 group guidance ( incl . Dargues ) unchanged at 100 - 113k koz gold at AISC of A $ 1,425 - 1,575 / oz . Transition and integration of Dargues operation completed ; mine ramp - up progressing well . Phase 1 Dargues drilling program commenced with strong initial results including 36.5m at 5.4 g / t Au . Updated Federation resource estimate and Scoping Study completed ; Feasibility Study commenced . Cash at 31 March 2021 of A $ 78M ( DecQ : A $ 106M ) ; net cash¹ position of A $ 26M ( DecQ : A $ 48M ) . OPERATING SNAPSHOT Q3 FY21 PEAK Mar - 21 Q Dec - 20 Q % chg QoQ Sep - 20 Q FY21 YTD Ore processed t 128,399 166,241 -23 % Gold head grade g / t 3.71 1.84 Gold produced OZ 14,378 8,991 102 % 60 % All - In - Sustaining Cost ( AISC ) A $ / oz 1,097 618 77 % 174,299 3.92 20,544 594 468,939 3.12 43,913 754 HERA Ore processed t 111,359 114,543 -3 % Gold head grade g / t 3.68 1.78 106 % 106,963 3.03 332,865 2.82 Gold produced OZ 11,658 5,796 101 % 9,450 26,904 All - In - Sustaining Cost ( AISC ) A $ / oz 1,153 1,063 8 % 1,250 1,175 DARGUES Ore processed t 84,938 11,843 Gold head grade g / t 3.45 2.77 Gold produced OZ 8,865 1,086 All - In - Sustaining Cost ( AISC ) A $ / oz 2,137 3,522 96,781 3.37 9,951 2,562 GROUP Gold production OZ 34,901 15,874 120 % 29,995 80,769 Gold sold OZ 29,755 18,149 64 % 29,720 77,624 Copper production t 870 1,352 -36 % 1,729 3,951 Lead production Zinc production t 4,649 8,119 -43 % 5,800 18,569 t 5,550 7,614 -27 % 5,303 18,466 Group AISC A $ / oz 1,429 1,035 38 % 1,000 1,199 See overleaf for AISC definition detail . Percentage change denoted in green is beneficial movement and red is detrimental movement . 1 Includes leases associated with right of use assets . ABN : 37 108 476 384 GPO Box 7 T : +61 7 3180 5000 BRISBANE QLD 4001 E : office@aureliametals.com.au Level 17 , 144 Edward Street BRISBANE QLD 4000 www.aureliametals.com.au