Galena Mining Ltd

Financials:

Primary ticker: ASX:G1A
Stage of development: Exploration, Development
Primary minerals: Lead-Silver
Project to promote: Abra Mining Pty Ltd
Project location: Australia
Website: www.galenamining.com.au/site/content
Corporate video: Click here

Galena Mining Limited owns 60% of the Abra Base Metals Mine and 100% of the Jillawarra Project located in the highly prospective Edmund Sedimentary Basin, in the Gascoyne Region of Western Australia.

Abra currently under construction, is the focal point within a 107km2 package of tenement’s associated with the Abra JV. Abra has an existing Mineral Resource Estimate of 34.5 million tonnes containing 7.2% lead and 16g/t silver.

The 100% owned Jillawarra Project covering 508km2 sits immediately along strike to the West of Abra. The Jillawarra Project is extremely prospective including several large analogous base metal targets associated with the Woodlands Complex, Quartzite Well and Copper Chert areas.


Cash:
AUD$48M

Debt: AUD$113M

 

Major Shareholders:
Citicorp Nominees Pty Ltd – 20%
BNP Paribas Nominees Pty Ltd – 6.35%
Bloomgold Resources Pty Ltd – 5.30%
JP Morgan Nominees Australia Pty Ltd – 3.8%
Brazil Farming Pty Ltd – 3.82%
Management Ownership – 7%

Management Profile

Mr Anthony James – Managing Director/Chief Executive Officer

BEng (Min) AWASM, FAusIMM
Mr James is a mining engineer with over 30 years’ mine operating and project development experience predominantly in WA. Also, previous experience at Managing Director level of three ASX listed companies with two of those companies successfully guided through a merger and takeover process to the benefit of the shareholders. Mr James has a strong mine operating background (examples being the Kanowna Belle Gold Mine and the Black Swan Nickel Mine) and a strong feasibility study / mine development background (examples being the Pillara Zinc/Lead Mine and the Trident/Higginsville Gold Mine).

What is your rationale for taking part 121 Mining Investment?

Marketing

What recent news would you like to highlight to investors attending?

August Abra Reaches 78% Complete

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

Mine Completion

6 Months:

Mine Commissioning

12 Months:

Steady State Production

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Achieving project construction on time and budget (well advanced and low risk). Mining production and grade. (detailed mine planning)

What do you think makes your company such a compelling investment?

Nearing project build completion

What are the top 3 key investor takeaways?

Project status, project timing and exploration growth