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- Galena Mining (G1A) expects to complete the construction of a processing plant at its Abra base metals mine in Western Australia ahead of schedule
- Today, the company reported construction progress reached 97 per cent completion as of November 30, and Galena expects practical completion this month
- Ore is being mined from underground and stockpiled, ready for processing in the new year when concentrate production is also due to begin
- Considering its “record underground development” in November and commissioning progress to date, G1A believes Abra is “on the verge” of a quick transition into production
- Company shares are up 13.5 per cent and trading at 21 cents at 3:56 pm AEDT
Galena Mining (G1A) expects to complete the construction of a processing plant at its Abra base metals mine in Western Australia ahead of schedule.
Today, the company reported construction progress reached 97 per cent completion as of November 30, and Galena expects practical completion this month.
Engineering, procurement and construction reached 99 per cent completion, while piping works were 96 per cent complete and electrical works 92 per cent.
The first material was also crushed and screened in November as part of the staged commissioning process.
Ore is being mined from underground and stockpiled, ready for processing in the new year when concentrate production is also due to begin.
Galena Mining Managing Director Tony James said the company achieved record underground development in November, delivering the first 9000 tonnes of ore to the run-of-mine pad.
Additionally, Mr James said with the plant commissioning progress to date, the Abra mine was “on the verge” of a “quick transition” into production.
Moving forward, the Galena MD said recruitment and other operational readiness activities were “well advanced” in preparation for production.
At the same time, grade control and infill diamond drilling continued during November, and the assays received continued to build the company’s confidence in the geological interpretation of what it said was an “extremely exciting” and “technically interesting” mineralised system.
Work is scheduled to continue on the evaluation of drilling results. Mine plans and designs are being reviewed as part of G1A’s mining execution plans.
Company shares were up 13.5 per cent and trading at 21 cents at 3:56 pm AEDT.
