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Galena Mining (ASX:G1A) on track for first Abra mine concentrate in early 2023

ASX News, Materials
ASX:G1A      MCAP $44.40M
17 November 2022 10:52 (AEST)

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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.

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