About Abra Base Metals Project

60% owned by Galena, the Abra Base Metals Project (Abra or the Project) is a globally significant lead-silver project located in the Gascoyne region of Western Australia (between the towns of Newman and Meekatharra, approximately 110 kilometres from Sandfire’s DeGrussa Project).

Galena completed an outstanding definitive / bankable feasibility study (FS) (for the complete FS, Read Here) for development of a mine and processing facility with a 16-year life producing a high-value, high-grade lead-silver concentrate containing approximately 95kt of lead and 805koz of silver per year after ramp-up. Based on a pre-development capital expenditure estimate of A$170 million, the FS modelled a pre-tax net present value for Abra (at an 8% discount rate) of A$553 million and an internal rate of return of 39%.1


Abra JORC Mineral Resource estimate1, 2
Resource classification Tonnes (Mt) Lead grade (%) Silver grade (g/t)
Indicated 16.9 7.4 17
Inferred 17.5 7.0 15
Total 34.5 7.2 16

Notes: 1. See Galena ASX announcement of 28 April 2021. 2. Calculated using ordinary kriging method and a 5.0% lead cut-off grade. Tonnages are rounded to the nearest 100,000t, lead grades to one decimal place and silver to the nearest gram. Rounding errors may occur when using the above figures.

Subscribe to our mailing list