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)|
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.