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Galena Mining Ltd

Galena Mining on track to begin development of base metals project in 2019

Galena Mining Ltd (ASX:G1A) managing director Alex Molyneux speaks to Proactive Investors about the base metals-focused company’s Abra Lead-Silver Project in Western Australia.

Galena’s recently completed scoping study at Abra has confirmed as an economically and technically robust opportunity with potential to become a long-life, high-margin base metals mine.

“Galena as a company is very focused on starting the development of the Abra project in 2019,” Molyneux says.

He continues, “There’s a lot happening in the second half of 2018 to lead you into that. The first thing is, as we said, we’re immediately moving the scoping study into a pre-feasibility study, so the company will declare reserves, we’ll put a lot more information out around the economics of the project.

“At the same time there is the infill drilling program continuing, so there’s going to be more drilling results … that will lead into a revised resource. There’s work also going on with respect to offtakes, logistics contracts, all those kinds of practical pieces of work that happen as you go into the development phase.”

Quick facts: Galena Mining Ltd

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...

on 2/5/19

2 min read