News Articles for Galena Mining

There were 36 insolvency appointments to Western-Australian-incorporated companies in the past three weeks.

There were 38 insolvency appointments to Western-Australian-incorporated companies in the past fortnight.

Mining contractor Byrnecut Australia has bounced back from a challenging 2022 to post an improved net profit after tax in 2023.

Base metals company Galena Mining has provided an operations update amid its current voluntary suspension.

Galena Mining has announced it will remain in suspension until the strategic review to tweak its capital restructure and enhance shareholder value has concluded.

Our board moves wrap includes Nigel Broomham, Gerard O'Donovan, Peter Batten, Alexander Molyneux, Matthew Edmondson, Damian Banks, and Bert Mondello.

Maiden drilling on two prospects at St George's Ajana project in Western Australia has turned up trumps, with significant widespread and shallow zinc-lead-silver mineralisation seen in an untested play concept for the area. The company is now planning more drilling through a vast crop of highly-prospective targets with a similar fingerprint of gravity and/or magnetic anomalies.

Base metals producer Galena Mining has resumed production at its Abra mine in the Gascoyne region after it was impacted by weather induced delays.

Galena Mining has raised $20 million from investors after wet weather conditions and technical issues caused delays in the ramp-up period for its Abra base metals mine.

Our board moves wrap includes Catherine Anderson, Chris Bath, Aida Tabakovic, Steve Brockhurst, Twila Jensen, and Colin Chenu.

Our board moves wrap includes Neville Gardiner, Jonathan Downes, Brian Gilbertson, Priyank Thapliyal, Simon Jackson, Francis Harper, Paul Roberts, John Henderson, Andrew Pardey and Colm O'Brien.

Galena Mining has finalised contracts with GR Engineering Services and Byrnecut in relation to its $170 million Abra base metals project near Newman.

Today's board moves wrap includes Sam Smart, Rebecca Broughton, Garry Plowright, Mike Bell, Craig McGuckin, Timothy Morrison, Ricky Lau, Alex Ko, Michael Rosenstreich, and Peter Lester.

Bardoc Gold will use $24 million raised from a share placement to advance its namesake project in Western Australia, while Galena Mining, DevEx Resources and Matador Mining have also launched capital raisings.

Ascot-based GR Engineering Services has been contracted to build a sulphide flotation and processing plant for Galena Mining's base metals project in Western Australia.

Our daily board moves wrap includes Hansjoerg Plaggemars, Peter Wallace, Jon Sutton, Don Koch, Stewart Howe, Jonathan Downes, Stephen Woodham, Scott Mison, Vincent Goss, and Rohan Dalziell.

Another flurry of substantial share transactions from directors of Perth-based ASX-listed companies have occurred recently following the release of annual results, with David Singleton, Elizabeth Gaines and Rodney Leonard among those involved in the largest deals.

A summary of last week's smaller deals that did not get included in our daily news coverage.

Galena Mining has struck a deal with Japanese company Toho Zinc to invest up to $90 million in stages in the Abra zinc project in the Gascoyne region.

Galena Mining says that a combination of higher lead/silver resource and reserve ore grades and reduced development costs at its Abra deposit, have the potential to materially improve the economic outcomes for the project. The company will complete an interim update of the PFS early next year, ahead of the release of its DFS for the underground base metal mining project in the middle of 2019.

Base metal developer Galena Mining has taken the prudent step of separating its non-core exploration assets into a new entity, Metal Range Limited, so it can fully focus on developing the flagship Abra project in WA into construction during 2019. The new company will pick up the Woodlands complex, Manganese Ridge and Quartzite Well exploration prospects, which are variously mineralised with lead, zinc, copper, silver, gold and manganese.

Galena Mining has kicked off a definitive feasibility study for its flagship Abra lead-silver project located north of Meekatharra just weeks after unveiling its PFS that highlighted an impressive pre-tax NPV of $528m. The study is expected to be completed in mid-2019 and the company is also on track to start construction in 2019 with initial production expected in 2021.

Galena Mining has reported some outstanding results for its Abra lead/silver project PFS, showing an initial 14 year mine life and a pre-tax NPV of A$528m, $134m more than previously thought. Galena says Abra will churn out an impressive A$97m worth of free cash annually after 2022. The company also reported a maiden ore reserve of 10.2 million tonnes grading 8.1% lead and 20g/t silver this week.

Galena Mining's resource extension drilling of the “apron zone” at its Abra lead-silver project near Meekatharra continues to extend the known mineralisation, with results of 16.2m @ 9.2% lead and 44g/t silver from 373m down-hole, including 4.5m @ 15.1% lead and 44g/t silver from 384.7m. The current campaign is proving up mineral resources that will be incorporated into the company's PFS, due for release later this quarter.

Galena Mining's drilling of the “apron zone” at its Abra lead-silver project near Meekatharra continues to extend the known mineralisation, with results up to 5.5m @ 16% lead and 22g/t silver from 291.9m down-hole and 6.1m @ 8.1% lead and 11g/t silver from 327.9m reported in the same hole. The campaign is proving up mineral resources that will be incorporated into the company's PFS, due for release late this quarter.

Galena Mining has appointed former Paladin Energy Chief Executive Officer Alex Molyneux as its Managing Director and Chief Executive Officer with effect from the 1st of September 2018 as the company moves towards becoming a base metals producer. Current Chief Executive Officer Ed Turner will remain as the company's General Manager of Geology and Exploration from the same date.

Four local mining companies have announced new chief executives as the industry shifts its focus to the annual Diggers & Dealers conference in Kalgoorlie, which kicked off today.

Galena Mining's resource drilling of the “apron zone” at its Abra project near Meekatharra has delivered wider intersections than expected, with results up to 28.3m grading 8.9% lead and 52g/t silver from 346.9m down-hole, including 8.1m at an impressive 11.2% lead from 395.8m deep. The drilling campaign is shoring up mineral resources that are to be incorporated into the company's ongoing PFS, due for release next month.

Galena Mining's targeting of the “apron zone” at its Abra project near Meekatharra will have shareholders pulses racing, after the company intercepted a 15.4m drill section grading 25.9% lead and 74g/t silver from 519m down-hole, including 7.7m at 41.7% lead and 116g/t silver from 525.7m. Drilling also intersected 8.0m @ 9.5g/t gold, 1.4% lead, 0.6% copper and 77g/t silver from 706m in the same hole.

Galena Mining has announced some outstanding results in a scoping study for its Abra lead project in WA. With an initial mine life of 11 years, a base case scenario produces a pre-tax, post-royalty net present value of $394 million and a 61 percent internal rate of return. When fully operational, Abra will produce 1 million tonnes annually and generate free cash flows of up to $110 million a year.

Galena Mining has intersected copper-lead sulphide mineralisation in a deep exploration drilling program at its Woodlands geological complex, 200km north of Meekatharra in W.A. The company targeted two highly conductive geophysical electromagnetic targets that coincide with anomalous copper and lead assays from historical drilling.

Galena Mining has announced outstanding metallurgical test work results from its flagship Abra lead project, confirming its ability to produce high grade concentrates averaging 74.5% lead with recoveries exceeding 94%. Results showed that the ores can be processed into high quality base metal concentrates with low impurities, using conventional crushing and flotation techniques.

Metallurgical testwork shows Galena Mining's Abra deposit is not only one of the world's most significant undeveloped lead-silver deposits in terms of tonnes and grade, but it also has the mineralogy to produce clean, high-grade concentrates. New testwork for the PFS shows lead recoveries of 90% plus and concentrate grades of more than 72%, well above the typical quality of other operating mines says Galena.

Galena Mining has commenced deep exploration drilling at its Woodlands copper prospect, 200km north of Meekatharra. The company is targeting two high priority electromagnetic targets delineated last year from heliborne geophysical surveys. The targets coincide with historical drill intersections that include 60m @ 0.3% copper from 505m and 3m @ 1.6% copper from 188m down-hole.

Galena Mining has moved to appoint contractors to work on a PFS at its world-class Abra lead-silver deposit, which the ambitious junior says is on track for completion in September. The appointments were made just weeks after a massive increase in the high grade resource estimate that was part of a defined strategy to isolate a large, high-grade portion of the huge tonnage project for fast tracked development.

Galena Mining's breakthrough discovery of a high-grade zone at the Abra lead-silver deposit is yielding exciting clues about the potential for a major extension of the deposit outside the known resource area. New modelling work suggests the high-grade zone could extend up to 1.4km to the Hyperion prospect in the west, where historical drilling hit high-grade lead in the Abra host rocks.

Galena Mining's bold plan to unlock the potential of the giant Abra deposit is coming together in spectacular fashion, with a new resource estimate confirming it as one of the largest undeveloped lead-silver deposits in the world. The deposit now boasts 11.2 Mt at a very impressive 10.1% lead and 28 g/t silver, ranking it as the highest grade lead deposit in Australia and one that has global significance.

Galena Mining will ask shareholders to approve a one-for-five share split to bring the company's rampant share price down to levels more familiar to retail investors. The unusual move, just five months after the company listed, could prove to be a positive for shareholders if previous share splits are any guide. Both Fortescue Metals and Iron Bark Zinc have successfully pulled off share splits in the past.

Galena Mining is racing towards a prefeasibility study on a high-grade-underground development of the giant Abra lead-silver deposit after completing a maiden drill program with high-grade hits encountered in every hole. Final assays released today completed a perfect run for Galena and have cleared the way for a maiden estimate of a high-grade resource within weeks.

Galena Mining's plans for a high-grade, underground development to finally unlock value from the fabled Abra deposit have received a major boost with the release of a remarkable set of assay results from a maiden drill program. The program has successfully targeted high-grade zones of lead mineralisation and is timed to perfection, with lead prices hitting seven-year highs earlier this month.