Galena Mining Ltd (ASX:G1A) MD Tony James discusses with Proactive a a major milestone achieved in July with the Abra Base Metals Mine in Western Australia becoming cash flow positive as the ramp-up towards steady state production continues. Last month Galena shipped 9,254 tonnes of concentrate from Abra, generating some $17 million in revenue even as the site’s processing plant milled over 105,000 tonnes of ore. Meanwhile the company has also delivered its first annual mineral resource update for Abra - underground diamond drilling, geological mapping and mining and processing activity have all contributed to the update, which brings the Abra resource to 33.4 million tonnes of ore at 7.1% lead and 17 g/t silver (calculated at a 5% lead cut-off grade).
Galena Mining hails first positive monthly cashflow for Abra
