The Assay TV spoke with Alex Molyneux, Managing Director & CEO at Galena Mining (ASX:G1A).
Galena, owns 86.16% of Abra Base Metals Project, a globally significant lead-silver project located in Western Australia that commenced construction in September 2019. Abra’s feasibility study envisages development of a mine and processing facility with a 16-year life producing a high-value, high-grade lead-silver concentrate containing approximately 95kt of lead and 805koz of silver per year after ramp-up. Based on a pre-development capital expenditure estimate of A$170 million, the FS modelled a pre-tax net present value for Abra (at an 8% discount rate) of A$553 million and an internal rate of return of 39%.
Primary ticker: ASX:G1A
Stage of development:
Development Commodity: Lead, Silver, Copper, Gold
Project to promote: Abra Base Metals Project
Project location: Australia