The Conversation (0)
January 27, 2022
GALENA MINING LTD. (“Galena” or the “Company”) (ASX:G1A) reports on its activities for the quarter ending 31 December 2021 (the “Quarter”), primarily focused on construction of its 60%- owned Abra Base Metals Mine (“Abra” or the “Project”) located in the Gascoyne region of Western Australia.
HIGHLIGHTS:
- Abra Project 39% complete at end of December Quarter
- Underground mining commenced in early-October, with 440m of underground development achieved by Quarter-end
- EPC contractor (GR Engineering Services) commenced on-site processing plant construction in early-November
- New 1.8km Abra aerodrome construction was completed in the December quarter and operational from early January 2022 Mr Neville Gardiner appointed to the board
- Cash balance at Quarter-end A$59.5M
- Exploration at satellite Jillawarra project conducted during the quarter
Click here for the full ASX release
This article includes content from GALENA MINING LTD., licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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