G1A 0.00% 5.9¢ galena mining limited

Ann: Abra Construction 83% Complete, page-20

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    Galena Mining Limited (G1A) - Abra reaches 83% completion (Petra 19/9/22)

    G1A released its monthly update for its 60% owned Abra lead-silver project in WA, with construction now 83% complete. G1A expects total project expenditure to be A$231m, with A$40m in spend remaining (Figure 2). Importantly, the delivery of the floatation cells and regrind mill to Australia means all key pieces for the processing facility have arrived.
    First production remains on track for Mar. Q’23.
    We maintain our BUY recommendation and A$0.44/sh price target.

 
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