The company’s CEO Ed Turner told the RIU Explorers Conference Galena was “very confident” of the 14 million tonnes grading around 8% lead target, with the official resource estimate expected in the next couple of weeks.
Scoping work is already underway with Galena looking at a 1 million tonne per annum processing operation producing 90,000 tonnes of contained lead per annum (within a 150,000t concentrate).
Abra was previously seen as lower grade, six million tonnes per annum development with capex of circa $500 million.
The project was acquired by Galena’s promoters for A$3.5 million in scrip.
It has proved a great deal, with Galena’s shares (which were issued in its IPO ...