Galena Mining (ASX:G1Aowns 100% of the Abra base metals deposit located in the Gascoyne Region of Western Australia. The Abra deposit was discovered in 1981 and remains one of the biggest undeveloped lead deposit in the World. Abra is within a granted mining lease.

Abra has a new 2012 JORC compliant Resource of 11.2Mt (Indicated and Inferred) @ 10.1% lead and 28g/t silver within 36.6Mt (Indicated and Inferred) @ 7.3% lead and 18g/t Silver. A scoping study was released in July 2018 showing outstanding economics with a base case pre-tax post royalties NPV10 of A$394 million and IRR of 61% on an initial mine life of 11 years. Pre-Production CAPEX is estimated to be A$153 million (payback 18 months) with average LOM revenues of A$251 million and operating cash flows of A$104 million per year. Metallurgical test work results have confirmed very high metal recoveries in an exceptionally high-grade and clean lead-silver concentrate.

At full production Abra is projected to be the fifth of sixth largest lead producer in the world. Underground production is targeted for Q1 2021.

Why should investors invest in you?

Galena represents an opportunity to invest in what will be a significant base metals mine in Australia and the world within 3 years. Abra is a truly world class project and one of global significance in the lead and EV market. With an attractive NPV and IRR, quick payback on CAPEX as well as projected free cash flow projected of >$1 billion over the first 10 years of production Galena is a very compelling investment proposition for investors wanting exposure to developing mining company.

Plans & Latest Developments:

Abra has a 2012 JORC compliant Resource of 11.2Mt (Indicated and Inferred) @ 10.1% lead and 28g/t silver within 36.6Mt (Indicated and Inferred) @ 7.3% lead and 18g/t Silver. A scoping study was released in July 2018 showing outstanding economics with a base case pre-tax post royalties NPV10 of A$394 million and IRR of 61% on an initial mine life of 11 years. Pre-Production CAPEX is estimated to be A$153 million (payback 18 months) with average LOM revenues of A$251 million and operating cash flows of A$104 million per year. Metallurgical test work results have confirmed very high metal recoveries in an exceptionally high-grade and clean lead-silver concentrate. A PFS is due in September 2018.

At full production Abra is projected to be the fifth of sixth largest lead producer in the world. Underground production is targeted for Q1 2021.

Stock Exchange Listing:

ASX:G1A

Market Cap:

$62M AUD

Primary Commodities:

Base Metals | Copper | Gold | Lead | Silver | Zinc

Stage of Development:

Development

Countries of Operation:

Australia

Board of Directors:

  • Adrian Byass – Non-Executive Chairman
  • Alex Molyneux – Managing Director / CEO
  • Jonathan Downes – Non-Executive Director
  • Olly Cairns – Non-Executive Director
  • Tim Morrison – Non-Executive Director

Senior Management:

  • Troy Flannery – Chief Operating Officer
  • Ed Turner – General Manager of Geology & Exploration

Galena Mining Limited (ASX: G1A) will be showcasing their mining projects to prospective investors at the International Mining and Resources Conference. Claim your complimentary investor pass now.