The Conversation (0)
July 27, 2021
Highlights
- Final investment decision (FID) made to complete full development of Abra Mine, with first production scheduled for Q1 CY2023
- Cash balance as at Quarter-end A$96.2M following final A$40M investment tranche received from Abra Joint Venture partner, Toho Zinc of Japan, and first US$30M drawn under the Taurus Project Debt Facilities
- Early stage / enabling construction works continued during the Quarter with a further 2% of the Project being completed, taking cumulative Project completion to 17%
- Achievement of 2020 Abra drilling objectives announced together with updated Mineral Resource estimate
- Managing Director role transitioned to Mr Tony James, a Mining Engineer with considerable project development and operational experience in Western Australia
GALENA MINING LTD. ("Galena" or the "Company") (ASX: G1A) reports on its activities for the quarter ending 30 June 2021 (the "Quarter"), largely focused on advancing its 60%-owned Abra Base Metals Project ("Abra" or the "Project") located in the Gascoyne region of Western Australia.
Click here for the full press release
G1A:AU
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