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- Galena Mining has received all permits needed to begin construction, mining and production at its Abra Base Metals project
- Current JORC resource contains 10.3Mt at 8.8 percent lead and 24 g/t silver
- The program can begin anytime when Galena is ready
Galena Mining has received final approvals for the major permits required for the construction, mining and production at its Abra Base Metals project.
Abra is a world class metal deposit with a significant resource of lead-silver which transitions into copper-gold rich mineralisation. Its JORC resource December 2018 contains 10.3Mt at 8.8 percent lead and 24 g/t silver.
Its joint venture subsidiary Abra Mining Limited also recently received the approvals for the mining proposal, mine closure and native vegetation clearing permit from the Western Australian Department of Mines, Industry Regulation and Safety.
It also received works approvals for the processing plant and tailings storage facility from the Western Australian Department of Water and Environment Regulation.
Managing Director Alex Molyneux is pleased that operations can begin.
“It’s very pleasing to have received our major permits within the previously anticipated timeframe and to be able to commence major construction works at Abra at any time,” he said.
The project is located approximately 200 kilometres north of Meekatharra in Western Australia and is one of the largest undeveloped lead deposits in the world.
It is located in the lowest part of the Bangemall Supergroup and comprises of a lower sequence of shallow water off sandstone and mudstone, and an upper sequence of deeper water with black shales.
Galena shares are up 2.82 percent to sit at 36.5 cents with a market cap of $129.4 million.
