It is projected to be the fifth or sixth largest lead mine in the world with a base case pre-tax post royalties NPV10 of $394 million.
Galena has an aggressive timeline to start construction at Abra in the September quarter 2019 with planned extraction of first mineralisation in the March quarter of 2021.
As per the timeline, the pre-feasibility study (PFS) is due September 2018 followed by the feasibility study in mid-2019.
The recent scoping study confirmed Abra as an economically and technically robust opportunity, with potential to become a significant, long-life, high margin lead-silver producer.
Considerable exploration potential also exists for additional lead-silver mineralisation to be converted to JORC resource with additional drilling.