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Galena Mining non-executive director Stewart Howe purchases shares on-market

In February, managing director Alexander Molyneux increased his holding in the company to 3.7 million shares by acquiring 130,000 shares.

Galena Mining Ltd - Galena Mining non-executive director Stewart Howe purchases shares on-market
The Abra deposit remains one of the biggest undeveloped lead deposits in the world

Galena Mining Ltd (ASX:G1A) non-executive director Stewart Howe has purchased more than 104,000 shares in an on-market transaction totalling almost $22,500.

On March 6 Howe purchased 22,927 shares in a direct holding and another 81,498 in an indirect holding at 22.5 cents per share.

He now holds 133,927 shares in a direct interest and 253,498 shares in an indirect interest.

A mining and chemical engineer, Howe was appointed to the board in November 2019 as part of the company’s continuing evolution to ensure the best available skills are employed as the Abra Base Metals Project in WA moves through the development phase and into production.

Howe's experience includes six years as Zinifex Limited chief development officer, which at the time was one of the world’s largest miners and smelters of lead-zinc with assets on three continents.

During his tenure at Zinifex, Howe oversaw some of the most significant transactions in the global lead-zinc industry, including the spin-off of Zinifex’s smelters to create Nyrstar NV and restarting development of the Dugald River Mine.

Abra EPC contract awarded to GR Engineering

Last month the company awarded an engineering, procurement and construction (EPC) contract for the proposed processing plant at its flagship Abra project to GR Engineering Services.

Under the contract, GR Engineering will produce a 1.2 million tonne per annum lead sulphide flotation process plant and ancillary infrastructure.

Managing director Alexander Molyneux said: “I am pleased we have been able to retain GRES, which has the most relevant experience and understanding of our project, on terms that are in-line with our feasibility study estimates.”

Quick facts: Galena Mining Ltd

Price: 0.255 AUD

Market: ASX
Market Cap: $117.77 m

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