Abra Production And Operations Update

GALENA MINING LTD. (“Galena” or the “Company”) (ASX: G1A) is pleased to announce the departure of the scheduled June concentrate shipment which left the port of Geraldton on Friday, 23 June 2023. Additional operational improvements in line with the scheduled production ramp-up continue to be implemented. The mine is estimating concentrate stock levels to be approximately 3kt by the end of June which will enable a double shipment (or a larger single shipment) in July.

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Managing Director, Tony James commented, “The June shipment (5kt concentrate) left Geraldton last Friday as the mine continues to ramp-up. Production improvements are continuing as planned at the mine. An example is the installation of the surface remote facility allowing for production bogging to continue over shift changes and the mine’s primary pumping system has been successfully commissioned. The mine has also completed the 6m diameter primary exhaust and intake rises down to the 1,280mRL level from the surface (1,550mRL level) in preparation for installation of the second primary fan in July. Good progress has been made in June with mining in ten different stopes on the 1280mRL and 1260mRL levels. It’s very rewarding to see the high level of technology that is being applied at the Abra mine that will deliver many benefits as we continue to ramp-up production”.

Figure 1 – Vessel “Ruby Confidence” containing Abra’s June concentrate shipment at Geraldton Port bound for JV partner Toho Zinc’s Chigirishima smelter and refinery in Japan(Photo 23 June 2023).

Figure 2 –Underground remote-control loading taking place from surface remote facility at Abra (Byrnecut Mining) (Photo 23 June 2023).

Figure 3 – Fully commissioned primary pumping station underground at Abra (Photo 23 June 2023).

The Board of Directors of Galena authorised this announcement for release to the market.

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