logo-loader
viewGalena Mining Ltd

Galena Mining optimising PFS to reflect evolved economics of Abra; on track with DFS

Galena Mining Ltd (ASX:G1A) managing director Alex Molyneux speaks to Proactive Investors about the recent resource and reserve update on the Abra Base Metals Project, new mine model, and progress with permitting and financing.

"At our throughput rate for Abra, we're basically talking about the potential for an extra year of mine life. In addition to that, the grades of the material in the mine model have gone up, so there's 6% more lead and 20% more silver in terms of the feed grades going through, and so there's great potential for an increased revenue and margins in comparison to the data that was used to form the PFS back in September. And that model has also calculated a new reserve of 10.3 million tonnes at 8.8% lead; that's a 9% increase," says Molyneux.

Quick facts: Galena Mining Ltd

Price: 0.345 AUD

ASX:G1A
Market: ASX
Market Cap: $129.88 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Galena Mining Ltd named herein, including the promotion by the Company of Galena Mining Ltd in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

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...

1 week, 6 days ago

2 min read