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Galena Mining Ltd

Galena Mining on track to begin development of base metals project in 2019

Galena Mining Ltd (ASX:G1A) managing director Alex Molyneux speaks to Proactive Investors about the base metals-focused company’s Abra Lead-Silver Project in Western Australia.

Galena’s recently completed scoping study at Abra has confirmed as an economically and technically robust opportunity with potential to become a long-life, high-margin base metals mine.

“Galena as a company is very focused on starting the development of the Abra project in 2019,” Molyneux says.

He continues, “There’s a lot happening in the second half of 2018 to lead you into that. The first thing is, as we said, we’re immediately moving the scoping study into a pre-feasibility study, so the company will declare reserves, we’ll put a lot more information out around the economics of the project.

“At the same time there is the infill drilling program continuing, so there’s going to be more drilling results … that will lead into a revised resource. There’s work also going on with respect to offtakes, logistics contracts, all those kinds of practical pieces of work that happen as you go into the development phase.”

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Price: 0.3 AUD

Market: ASX
Market Cap: $113.17 m
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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...

on 10/10/19

2 min read