See our exclusive index of companies on the move:Explore Stocks
- Top Stocks
- Top Australian Gold Stocks
- Top ASX Copper Stocks
- Top ASX Nickel Stocks
- Top ASX Rare Earth Stocks
- Top Battery Metals Stocks on the ASX
- Top Australian Lithium Stocks
- Top Graphite Miners on the ASX
- 10 ASX Cannabis Stocks
- Top ASX Tech Stocks
- Top AI Stocks on the ASX
- On Site
- About Australian Cannabis Investing
- About Australian Resource Investing
- About Australian Tech Investing
- About Australia Investing
- Of Interest
- ASEAN-Australia-New Zealand Trade Agreement
- Association of Southeast Asian Nations (ASEAN)
- Australian FAQ on ASEAN
- Australia Government on Foreign Investments
- TOP STOCKS
- COMPANY PROFILES
- RESOURCE INVESTING
- TECHNOLOGY INVESTING
- CANNABIS INVESTING
- INVESTOR REPORTS
Galena Commences Underground Mining At Abra
GALENA MINING LTD. ("Galena" or the "Company") (ASX: G1A) announces that mining of the underground decline has commenced at its Abra Base Metals Project ("Abra" or the "Project").
Managing Director, Tony James commented, "Taking the first cut in the portal to start the underground decline at Abra is very exciting. This keeps us on track for first commercial production of our high-value, high-grade lead-silver concentrate at the start of 2023. It is also the historical beginning of mining in the very prospective Edmund Sedimentary Basin. Special appreciation is given to Byrnecut and the Abra team on site for the extremely professional approach taken to achieve the official commencement of underground mining at Abra".
Figure 1 – Jumbo drilling and first cut taken in the Abra Decline
Byrnecut Australia Pty Ltd ("Byrnecut"), the mining contractor for Abra, commenced operations for the underground decline on Tuesday 5 October following the deployment of people and equipment to the mine site, and completion of final box-cut preparation works and services installation.
Primary decline works are expected to continue for approximately 14-months to gain access to the orebody and with their commencement on-time, the Abra Base Metals Project remains on-track for first commercial ore production at the start of 2023.
Read the full article here.