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Galena Mining continues growth trajectory as June concentrate shipment departs

Published 26/06/2023, 10:34 am
Galena Mining continues growth trajectory as June concentrate shipment departs

Galena Mining Ltd (ASX:G1A) despatched its June concentrate shipment from the port of Geraldton on June 23, 2023, as part of its scheduled production escalation.

The shipment comes from the Abra Base Metals Mine, a globally significant lead-silver project in the Gascoyne region of Western Australia just 110 kilometres from Sandfire’s DeGrussa Project.

Galena delivered a robust definitive/bankable feasibility study in 2019, for the development of an underground mine and processing facility to produce a high-value, high-grade lead-silver concentrate.

A ‘final investment decision’ to complete the project was made in June 2021 and construction was completed in 2022, with first concentrate produced in the first quarter of 2023.

The company projects concentrate stock levels of about 3,000 tonnes June's end, which will facilitate the dispatch of either a larger single shipment or a double shipment in July, maintaining Galena’s production growth trajectory.

The June shipment comes as Galena continues with a series of operational enhancements in line with the production ramp-up.

Vessel “Ruby Confidence” containing Abra’s June concentrate shipment at Geraldton Port bound for JV partner Toho Zinc’s Chigirishima smelter and refinery in Japan.

Ramping up

Galena managing director Tony James said the successful completion of the June shipment, which comprised 5,000 tonnes of concentrate came as the mine continued to ramp up.

Fully commissioned primary pumping station underground at Abra.

He noted that the company's production increase continued unabated.

“An example is the installation of the surface remote facility allowing for production bogging to continue over shift changes and the mine’s primary pumping system has been successfully commissioned,” James said.

“The mine has also completed the 6-metre diameter primary exhaust and intake rises down to the 1,280mRL level from the surface (1,550mRL level) in preparation for installation of the second primary fan in July.

“Good progress has been made in June with mining in ten different stopes on the 1280mRL and 1260mRL levels. It’s very rewarding to see the high level of technology that is being applied at the Abra mine that will deliver many benefits as we continue to ramp up production.”

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