G1A: Abra Achieves May Production Ramp-Up

GALENA MINING LIMITED

• Abra mine achieved May production ramp-up targets and set new monthly ore mining and processing records.
• Processing plant milled over 100kt and 6,400t concentrate produced; second concentrate shipment of 5,052dmt completed on 30th May.
• Focus now on the next concentrate shipments in June and July, and improving overall production continuity and stope production daily.

2023-06-01 11:32:00

G1A: Galena Raises $20 million and Updates Production Guidance

GALENA MINING LIMITED

• Galena Mining raises $20 million through a placement of 133,333,334 shares at $0.15 per share to fund Abra Mine's ramp-up period.
• Revised geology information, lower-grade ore, and weather-related delays result in updated CY2023 production guidance and increased costs.
• The company aims to quickly overcome these challenges and reach steady-state production.

2023-04-20 09:52:00

G1A: Abra achieves First Concentrate Shipment

GALENA MINING LIMITED

• Galena Mining Ltd. has announced the first shipment of concentrate.
• A total of 5,019 dry metric tonnes (dmt) left the port of Geraldton on 25 March 2023.
• The shipment marks a significant milestone in the project's successful build and transition to production.

2023-03-27 09:51:00

G1A: Drilling hits northern extension of Abra mineralisation

GALENA MINING LIMITED

• Two underground diamond drill holes confirmed presence of Abra style mineralisation with multiple lead, silver and copper intercepts.
• Existing Mineral Resource estimate constrained to north by Abra Fault and does not include newly identified mineralisation.
• Newly encountered mineralised zone remains within mining reach of existing mine plan.

2023-02-09 08:18:00

G1A: First Concentrate Produced at Abra

GALENA MINING LIMITED

1. First concentrate was produced at Galena Mining Ltd's Abra Base Metals Mine yesterday.
2. The commissioning of the processing plant is progressing quickly and concentrate production shows initial process flow continuity.
3. The focus is on achieving the plant's processing design criteria and work towards first product shipment in Q1 CY2023.

2023-01-13 09:10:00

G1A: Abra Construction Complete - First Ore Feed to Plant

GALENA MINING LIMITED

1. Construction at Galena Mining Ltd's Abra Base Metals Mine is now complete.
2. Ore commissioning has commenced with first ore feed into the plant.
3. First concentrate production is expected in January 2023 followed by the first product shipment in Q1 CY2023.

2023-01-10 09:42:00