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Galena Mining Ltd

Galena Mining moves Abra Base Metals Project into development phase after $100 million financing

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 release in mid-2019 and work on offtaking, engineering design and long-lead items had already begun. 
 
"Because we raised the equity early, we can move forward with a number of elements of the project development even before the DFS is out," says Molyneux.

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Price: $0.35

Market: ASX
Market Cap: $127.58 m
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Galena Mining optimising PFS to reflect evolved economics of Abra; on track...

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...

on 3/1/19

2 min read