The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Galena Mining (G1A) achieves 92 per cent completion at its Abra base metals mine in Western Australia after the underground mine reached the first ore earlier this week
  • The company says it remains on track to achieve the first concentrate from the mine before the end of March 2023
  • As processing plant engineering, procurement and construction approach completion, Galena plans to begin grinding section wet and dry commissioning later this month
  • As for its exploration work, Galena completed 24 new grade control and infill diamond drilling holes for 3629 metres over October
  • Shares in Galena Mining were trading at 19 cents at 10:35 am AEDT

Galena Mining (G1A) has achieved 92 per cent completion at its Abra base metals mine in Western Australia after the underground mine reached the first ore earlier this week.

The company said it was continuing to progress plant commissioning in several key areas, remaining on track to achieve the first concentrate from the mine before the end of March 2023.

Galena Managing Director Tony James said reaching the first ore underground on Monday was “extremely rewarding” for everyone involved in the project.

“To see for the first time what we have predicted and interpreted as the Abra orebody delivers a significant step forward for the project,” Mr James said.

“Record development metres in October have taken the mine to the ore and we continue to establish key underground infrastructure with the completion of the 6m diameter surface rise that will be the primary return airway.”

Galena said its processing plant engineering, procurement and construction were 97 per cent complete and mechanical installations were 96 per cent complete. Structure steel was completed in October.

Meanwhile, piping was at 80 per cent completion and electrical work at 71 per cent.

Further, the company has fully integrated a 10-megawatt hybrid LNG/solar power station from Pacific Energy with the mine’s solar power supply, and it completed the dry commissioning of the crushing and screening areas in early November.

The company plans to commence grinding section dry and wet commissioning in the second half of November.

As for its exploration work, Galena completed 24 new grade control and infill diamond drilling holes for 3629 metres over October. The company has completed 11,905 metres of underground drilling to date.

Shares in Galena Mining were trading at 19 cents at 10:51 am AEDT.

G1A by the numbers
More From The Market Online
A Red Sky Energy rig out in the ocean.

Red Sky Energy bleeds more than 18% after ‘landmark’ Angola block entry

Red Sky Energy was ready to pop champagne after being awarded 35% in a "transformative" Angola…
A patient being dosed with Imugene Limited testing materials.

First Aussie doses bring Imugene major step closer to ‘quicker, cheaper’ non-Hodgkin’s lymphoma care

Imugene Limited (ASX:IMU) has hit its first important milestone in 2025, dosing its first Australian patient with its allogenic
A market trading board with ASX marked on the side.

‘Shine a light’: ASX to get more aggressive on companies ‘not up to scratch’ on disclosures

The Australian Securities Exchange (ASX:ASX) will be taking poor disclosure from market-listed companies far more seriously through this next
The words "Market Open" appear stacked atop one another next to ASX company iconography.

ASX Market Open: Ever-extending US loss streak to bleed into red Friday – unless Oz bucks trend again | Jan 3, 2024

The ASX 200 is expected to open 0.07% lower at 8,185 points, though after