Galena Mining Director & CEO Tony James

Galena Mining

ASX:G1A

Galena Mining CEO Tony James said, “People have been just sitting and watching how we would perform this year, a perceived difficult construction period. But we've done a great job."

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Galena Mining CEO Tony James: On Track for Commercial Production in 2023youtu.be

Galena Mining (ASX:G1A) announced that construction at its Abra base metals mine is already 78 percent complete as of July 31, 2022. CEO Tony James said the company has done a great job building the project.

James commented, “The project's 80 percent complete. I think a lot of people have been just sitting and watching how we would perform this year, a perceived difficult construction period. But we've done a great job, and people will suddenly realise that everything's on track.”

The Abra base metals mine is a high-grade lead-silver mine located in the highly prospective Edmund sedimentary basin in the Gascoyne region of Western Australia. The project is under full construction in 2022 and remains on target for first commercial production in January 2023.


The activities that have progressed include concrete works and structural steel installation, as well as the mechanical, piping and electrical fit-out stages. The flotation cells and drive mechanisms are currently in shipment and are expected to arrive by September. The mine’s regrind mill has been shipped from Germany to Melbourne.

In July 2022, Galena raised a AU$17 million buffer for Abra’s critical initial commissioning and ramp-up stages.

“We raised some money in late July, which serves as our reserve facility. It’s been put in place by the joint venture partners to look after our working cap and risk period, which is the first initial commissioning period of the project. We don't believe we need to raise any more money at this stage.”

“I think we've done a great job building this project, I think we're on top of our risk profile. And this project is going to go ahead. We'll start producing concentrate in January and start supplying the market. We're very confident.”

Watch the full interview of Galena Mining CEO Tony James above.

Disclaimer: This interview is sponsored by Galena Mining (ASX:G1A). This interview provides information which was sourced by the Investing News Network (INN) and approved by Galena Mining in order to help investors learn more about the company. Galena Mining is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Galena Mining and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

*Disclaimer: This profile is sponsored by Galena Mining ( ASX:G1A ). This profile provides information which was sourced by the Investing News Network (INN) and approved by Galena Mining in order to help investors learn more about the company. Galena Mining is a client of INN. The company's campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Galena Mining and seek advice from a qualified investment advisor.

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