https://www.miningweekly.com
Fabrication|Mining|PROJECT
Fabrication|Mining|PROJECT
fabrication|mining|project

Abra costs estimated at A$170m

22nd July 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – A feasibility study into the Abra base metals project, in Western Australia, has estimated that it will produce some 95 000 t/y of lead and 805 000 oz of silver over a 16-year mine life.

ASX-listed Galena Mining on Monday told shareholders that the 1.2-million-tonne-a-year Abra project would require a capital spend of some A$170-million to develop, up from the A$154-million estimated in the 2018 prefeasibility study.

Abra is estimated to have a pretax net present value of A$553-million and a pretax internal rate of return of 39%, with a pay-back period of two years.

The feasibility study estimated C1 costs at $0.44/lb, placing Abra among the lowest for global primary lead producers.

Galena MD Alex Molyneux on Monday said that the completion of the study would allow Galena to move through the final phase of the project financing debt process, which was well under way.

Initial project development works on Abra are already advancing, he added, including the fabrication of the initial camp and the procurement of certain long-lead items.

Edited by Creamer Media Reporter

Comments

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/04/2024)
12th April 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.14 0.175s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: