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Galena Mining Ltd.
Summary
| Project: | Abra | |
|---|---|---|
| Deposit: | Abra | |
| Location: | Australia | |
| Commodities: | Lead-Silver | |
| Date: | 6/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 28-6-2018: Galena Mining Ltd. announces a Scoping Study report for its Abra deposit at the Abra project. Scoping Study results incl. pre-tax NPV of A$ 394M (10%), IRR of 61% and 11yr LOM at the project . Galena Mining Limited (“Galena” or “the Company”) i | |
| Resources: | (Resource, I+I): 36.6Mt @ 7.3% Pb, 18g/t Ag at project | |
| CP/QP: | [Overall Report]: E. Turner (Internal) | |
| ABSTRACT: | Galena Mining Limited (“Galena” or “the Company”) is pleased to provide the details of a Scoping Study that has been undertaken at its 100% owned West Australian Abra Base Metal Project (“Abra”, “the Abra Project” or “The Project”) (“Study”). The Study is based on new work undertaken by Galena and its Study team, comprising internal personnel and industry expert external independent consultants, in relation to underground mining, ore processing, minesite infrastructure, environmental permitting, logistics and marketing. The Study is also underpinned by the extensive historical technical database that has been acquired by Galena. The Study confirms Abra as an economically and technically robust opportunity, with potential to become a significant, long-life, high margin West Australian lead-silver producer. There remains considerable exploration potential for additional lead-silver mineralisation already identified to be converted to JORC Resource with additional drilling. The deposit is also zoned with significant copper-gold intercepts at depth. The Abra deposit is a globally significant mineral deposit. | |
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