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ASX:G1A FRA:GM6

Galena Mining Ltd

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Market:
ASX
Market Cap:
$97.66 m
Price
0.21 AUD
Change
-2.38%
52 weeks high
0.39
52 weeks low
0.21

In brief

Galena Mining Ltd (ASX:G1A) owns a 77.28% interest in the Abra Base Metals Project in the Gascoyne Region of Western Australia that was discovered in 1981 and remains one of the biggest undeveloped lead deposits in the World.

Galena has completed a positive definitive/bankable feasibility study for the development of a mine and processing facility with a 16-year life.

The project will produce a high-value, high-grade lead-silver concentrate containing about 95,000 tonnes of lead and 805,000 ounces of silver per year after ramp-up.

Snapshot

  • Galena Mining ramps up Abra development work with major contracts finalised
  • Galena Mining ends quarter cashed up with A$96.2 million and strong focus on Abra Base Metals Project construction
  • Galena Mining upbeat on results from 2020 drill program at Abra as development advances

Insight Widest with the analysis, Proactive gives perspectives that others don't.

Galena Mining ends quarter cashed up with A$96.2 million and strong focus on Abra Base Metals Project construction

Early-stage enabling construction works continued during the quarter with a further 2% of the project being completed, taking cumulative project completion to 17%.

on 26/7/21