The Abra base metals deposit (Pb-Ag-Cu-Au) is one of the largest, undeveloped lead deposits in the world. Galena Mining Limited holds a 100% interest in Abra.
Abra is located approximately 200km north of Meekatharra in the Ashburton Basin of central Western Australia. The tenements are accessible via the Great Northern Highway through public unsealed roads.
Abra has undergone extensive exploration since discovery (early 1980’s) and a substantial resource has been identified. The Abra deposit is broadly split into an upper lead (Pb) and silver (Ag) rich zone (Upper Lead Zone) which overlies a polymetallic (copper-gold-lead-silver, Cu-Au-Pb-Ag) zone (Basal Copper Zone).
Drilling has identified a substantial, high-grade core of massive lead-silver mineralisation which can be described as a ‘core’ feature within the Upper Zone. This high-grade core is highlighted by an extensive list of very high-grade results within a large, coherent ore-body.
2007 Metallurgical test-work by delivered up to 96% Pb recovery, up to 90% Ag recovery using conventional flotation methods. Product would be a lead-rich sulphide concentrate. This type of material has been shipped out of Geraldton from the Golden Grove mine for over 25 years.
BOARD OF DIRECTORS
Mr Adrian Byass
BSc Geol Hons, B. Econ, MAIG & FSEG
+20 years in the mining industry both in listed and unlisted entities globally, Non-Executive and Executive Director of various listed and unlisted mining entities, which have successfully transitioned to production in bulk, precious and speciality metals around the world. Currently on the Boards of ASX phosphate, zinc, nickel and lithium companies.
Mr Jonathan Downes
BSc Geol, MAIG
+20 years’ experience in the minerals industry and has worked in various geological and corporate capacities. Experienced with nickel, gold and base metals, he has also been intimately involved with numerous private and public capital raisings.
Mr Downes is on the board of several ASX-listed companies; he was a founding director of Hibernia Gold (now Moly Mines Limited) and Siberia Mining Corporation Limited and is a non-executive director of Corazon Mining Limited.
Mr Oliver Cairns
Corporate Financier specialist with extensive experience at management and Director level; on both AIM and ASX listed companies. Mr Cairns has experience in capital markets, M&A, IPO, corporate governance, IR experience across the resources and industrial sectors.
Mr Tim Morisson
B. Econ, MBA
+20 years in the finance industry and capital markets. A partner of Empire Equity which is a Perth based boutique investment advisory company. Tim has extensive experience in ASX and resource-related companies.
Mr Edward Turner
B ASc (Geol), MAIG
30 years experienced geologist throughout Europe, South America, Africa and Australia in a range of roles encompassing base, precious and specialty metals for leading mining companies. Technical strengths include exploration, underground mining, resource estimation, feasibility studies and development level work.
Mr Troy Flannery
BEng(Min), MAppFin, FCMMC
Mr Flannery has been working in the mining industry for over 20 years including 5 years in corporate and 16 years in senior mining engineering / project development roles. He has a degree in Mining Engineering, Masters in Finance & First Class Mine Manager’s Certificate of Competency.
Mr Flannery has worked at numerous mining companies, mining consultancies & contractors (including BHP, Newcrest, Xstrata, St Barbara Mines & AMC Consultants).
Mr Stephen Brockhurst,
Mr Brockhurst is the founding Director of Mining Corporate Pty Ltd and has 15 years’ experience in the finance and corporate advisory industry and has been responsible for the preparation of the due diligence process and prospectuses on a number of initial public offers. His experience includes corporate and capital structuring, corporate advisory and company secretarial services, capital raising, ASX and ASIC compliance requirements.
Mr Brockhurst has served on the board and acted as Company Secretary for numerous ASX listed and private companies. He is currently a Director of Roto-Gro International Limited and International Goldfields Limited and Company Secretary of Jacka Resources Limited, Lindian Resources Limited, Volt Resources Limited, Estrella Resources Limited and Cabral Resources Limited.
Galena Mining Limited has 100% ownership of the Abra lead-silver deposit in Western Australia. The Abra Deposit is located within a granted mining lease and boasts a resource of 11.2 Mt @ 10.1% Pb & 28ppm Ag at a 7.5% Pb cut-off which was released in March 2018.
Galena Mining listed on the ASX in September 2017 and has since completed a drilling campaign at Abra totalling over 8,000m which included significant intercepts returned of:
Mr Troy Flannery was appointed Chief Operating Officer of Galena in February 2018 to the drive the Company towards development of the world-class Abra base metals deposit. Work has begun on a pre-feasibility study which is on track for delivery in Q3 2018.
The high-grade portion of Abra deposit is well mineralised with abundant coarse galena (PbS) crystals which report exceptionally well to flotation processing - historic testwork achieved a +90% recovery. Low capital and operating cost flotation is proposed for the Project to produce a high grade lead-silver sulphide concentrate. A typical concentrate contains approximately 55-65% Pb + Ag and can be transported over large distances due to its high value.
In January 2018 lead reached its highest price since 2011. Demand for lead increased from 7.3Mt in 2004 to 11.3Mt in 2016 representing an increase in demand of 45% over 11 years. The primary use of lead is within batteries – over 75% of lead demand is utilised in lead-acid batteries, in vehicles and for solar power storage.
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