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Galena Mining Ltd

Galena Mining gets ready to begin major construction works at Abra Base Metals Project

The Abra project holds a 14-year mine life with 1.2 million tonnes a year throughput for a total of 15.3 million tonnes.

project area
Abra is in the Gascoyne region of WA

Galena Mining Ltd (ASX:G1A) has received the final approvals for the major permits required to allow construction, mining and production at its Abra Base Metals Project in WA.

In addition, the company has concluded the native title compensation arrangements for the project.

Galena managing director Alex Molyneux said: “Its very pleasing to have received our major permits within the previously anticipated timeframe and to be able to commence major construction works at Abra at any time.”

Conclusion of major permits for Abra

Galena’s joint-venture subsidiary Abra Mining Pty Limited (AMPL) recently received the following major approvals:

• The Western Australian Department of Mines, Industry Regulation and Safety (DMIRS) for the Mining Proposal, Mine Closure Plan and Native Vegetation Clearing Permit;

• The Western Australian Department of Water and Environment Regulation (DWER) Works Approval for the processing plant and tailings storage facility; and

• Approval by the State Mining Engineer for the Abra Project Management Plan.

READ: Galena Mining on track to begin construction in 2019 at Abra Base Metals Project in WA

Together with the previously received DWER Works Approval for the mine, these approvals constitute all of the major approvals required for construction, mining and production at Abra.

Conclusion of native title compensation arrangements

AMPL recently concluded the process to determine native title compensation arrangements for the project under the terms of the pre-existing Heritage Agreement dated September 21 2005.

The company had already modelled a financial compensation arrangement in its pre-feasibility study model for Abra released in September 2018.

The financial elements of the concluded arrangements are in-line with Galena’s expectations.

In addition, arrangements have been agreed with respect to environmental consultation; liaison; employment; training; contracting; and cross-cultural induction.

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Price: $0.35

Market: ASX
Market Cap: $127.58 m
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Galena Mining moves Abra Base Metals Project into development phase after...

Galena Mining Ltd (ASX:G1A) managing director Alexander Molyneux updates Proactive Investors on the company’s development work at its Abra Base Metals Project in Western Australia.   Molyneux said the definitive feasibility study for the lead and silver project was on track for...

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