Galena Highlights Daily Production Records

GALENA MINING LTD. (“Galena” or the “Company”) (ASX: G1A) advises that the Abra mine has set several daily production records this week during production ramp-up, which has exceeded the expected daily targets for steady state production (“Nameplate”). The mine and plant have operated continuously at increasing production levels since resuming on 3 May after the stoppage due to the previously disclosed significant rainfall event.

On 15 May the underground mine delivered 4,030 tonnes (1.47Mtpa equivalent) to the ROM pad, the crusher achieved a daily throughput of 4,137 tonnes (1.51Mtpa equivalent) and the mill processed 3,674 tonnes (1.34Mtpa equivalent) on the same day. Whilst short-term at this stage, these levels compare favourably to our previously stated annual production targets, which are based on 1.30Mtpa.

The mine remains on track to achieve its May production plan and the next concentrate shipment (approximately 5,000t) is scheduled for 25-28 May, with over 3,000t of concentrate stocks produced month to date.

Managing Director, Tony James commented, “It’s pleasing to see Abra respond after the stoppage. These daily production rates show that the mine has the instantaneous capacity to deliver on its production targets. The next step is to deliver these levels of performance on a consistent basis as we continue to transition to steady-state as quickly as possible”.

Figure 1 – Underground truck at Abra delivering ore to ROM pad (photo 16 May)

Figure 2 – Ishikawa filter going through cleaning cycle at Abra processing plant (photo 16 May)

Figure 3 – Qube quad road-train returning to Abra for concentrate pickup (photo 16 May)

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

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