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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.

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