viewGalena Mining Ltd

Galena Mining makes key appointments including new CFO, drilling continues

The company’s flagship asset is its Abra Base Metals Project in Western Australia.

hands shaking
Galena remains on-track to complete the definitive feasibility study for Abra in mid-2019

Galena Mining Ltd (ASX:G1A) has appointed Craig Barnes, a chartered accountant with over 20 years experience in senior finance, as its chief financial officer (CFO).

Previously, Barnes was CFO of Paladin Energy Ltd (ASX:PDN) and DRDGOLD Limited (JSE:DRD).

Notably, he has experience in bank debt project financing, M&A, and management of producing mining assets held and developed through joint-ventures.

Galena has also appointed John Blower as Project Manager, previous at the Roy Hill Mine and Jude Turton as Commercial Manager, previously with Covalent Lithium and Independence Group Ltd (ASX:IGO).

READ: Galena Mining continues to hit high-grade lead and silver at Abra Base Metals Project

Galena’s managing director Alex Molyneux said: “Craig will be a great asset to Galena during the phase of finalising project financing debt facilities and then into the construction and production phases for our Abra Base Metals Project, where experienced financial stewardship will be an important element to maximising shareholder returns.”

Project development drilling at Abra continues following recent results confirming and extending high-grade mineralisation in the Apron Zone.

The drilling results to date have highlighted the potential to improve the geological confidence of the Abra JORC resource.

Proactive caught up with Galena in early May for an update.

Quick facts: Galena Mining Ltd

Price: 0.32 AUD

Market: ASX
Market Cap: $123.35 m

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Full interview: Galena Mining ramps up surface infrastructure development at...

Galena Mining Ltd (ASX:G1A) managing director Alex Molyneux updates Proactive on increased surface infrastructure development activities at the Abra Base Metals Project in the Gascoyne region of WA. This forms part of a $15 million development works program. The work is being done prior to...

on 10/10/19

2 min read