leadf
logo-loader
viewGalena 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.

Quick facts: Galena Mining Ltd

Price: 0.36 AUD

ASX:G1A
Market: ASX
Market Cap: $166.63 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

Galena Mining looks ahead to further project construction after completing...

Galena Mining Ltd's (ASX:G1A) Alex Molyneux speaks to Proactive's Andrew Scott soon after announcing they've completed the funding package for the Abra Base Metals Project. It follows an agreement with Taurus Mining Finance Fund No2 LP for US$110 million in project financing debt facilities....

on 16/11/20

2 min read