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Galena Mining CEO Alexander Molyneux is confident that the company has more than one reason to welcome investors to the next phase of the program.
After successfully completing the fully funded 2020 Abra drilling program, Galena Mining (ASX:G1A) CEO and Managing Director Alexander Molyneux is confident that the company has more than one reason to welcome investors to the next phase of the program.
“The program was successful in terms of infill drilling,” Molyneux said. “We can say that 75 percent of the 57 holes either met or exceeded expectations compared to the previous resource model. I think that’s pretty positive. In terms of targeting metal-rich zones, we had two zones where we found extremely good cumulative grade and thickness of lead-silver.”
The Abra base metals project is a globally significant lead-silver project located in the Gascoyne region of Western Australia. It is fully permitted and construction work has already begun.
“We are 15 months away from the first production. Once we’re producing at a steady state, we have a projection to make AU$114 million a year,” Molyneux said. “And when a company has already eliminated the funding risks, it’s an exciting time for investors to join the story.”
Watch the full interview with Galena Mining CEO and Managing Director Alexander Molyneux above.
This interview is sponsored by Galena Mining (ASX:G1A). This interview provides information which was sourced by the Investing News Network (INN) and approved by Galena Mining in order to help investors learn more about the company. Galena Mining is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Galena Mining and seek advice from a qualified investment advisor.