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GALENA MINING LIMITED (G1A)

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ASX, Legal & CGT Status

Former (or subsequent) names

 

Shareholder links

Our website ranking of G1A: rating 2
(2 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000G1A1
Address: Level 8, London House, 216 St Georges Terrace Perth WA 6000
Tel:  +61 8 6461 6350Fax: +61 8 6210 1872

Date first listed: 07/09/2017
Company Secretary: Aida Tabakovic
Sector: Materials 
Activities: Mineral exploration and development

News & Events

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Richard Tucker and Robert Hutson of KordaMentha have been appointed as Administrators of the Company's 60% subsidiary, Abra Mining Pty Ltd, ACN 110 233 577 on 4 April 2024.

08/04/2024

Richard Tucker and Robert Hutson of KordaMentha have been appointed as Administrators of the Company's 60% subsidiary, Abra Mining Pty Ltd, ACN 110 233 577 on 4 April 2024.

08/04/2024

The Company is still in the process of completing the strategic review of operations announced on 11 January 2024. The Company is aiming to lodge a market announcement regarding the outcome of the strategic review of operations on or before 30 April 2024.

02/04/2024

The Company remains in suspension until the review process is complete and there is an agreed pathway forward for the benefit of all stakeholders. The strategic review continues to explore potential strategic and corporate opportunities to reposition the Company and its capital structure for the longer term and maximise value for the Company and its stakeholders. Whilst underground mining continues, ore processing has been suspended since 6 March due to ite access road closures from seasonal rainfall events. Rain has closed the mine's primary ccess (Ashburton Downs Road) preventing concentrate haulage from site and LNG gas supply to site necessary for mill operation. The mine currently has approximately 2,500t of lead concentrate stockpiled and 70,000t of mill feed stockpiled available for processing. During the month of February, ore mined and processed was also impacted by rainfall and subsequent road closures. Mill downtime for the month totalled eight days. During the month 83,950t at 5.0% lead grade was processed and 88,280t at 5.2% lead grade was mined (stope ore of 70,734t at 5.3% lead grade and development ore of 17,546t at 4.6% lead grade). The mine achieved 702m of development for the month of February. Abra's tenth lead concentrate shipment departed from Geraldton Port containing 10,441t on 7 March 2024.

20/03/2024

The Company provides an interim update on its corporate and financing activities and operations at its 60%-owned Abra Base Metals Mine located in the Gascoyne region of Western Australia. The strategic review continues to explore potential strategic and corporate opportunities to reposition the Company and its capital structure for the longer term and maximise value for the Company and its stakeholders. As the review is not yet complete, Taurus Mining Finance Fund No. 2, L.P. secured lender to Abra Mining Pty Limited, has agreed to defer the next scheduled 31 March 2024 principal debt repayment to 30 April 2024. The Company will remain in suspension until the review process is complete and there is an agreed pathway forward for the benefit of all our stakeholders.

01/03/2024

The Company is still in the process of completing the strategic review of operations announced on 11 January 2024. The Company is aiming to lodge a market announcement regarding the outcome of the strategic review of operations on or before 2 April 2024.

29/02/2024

The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.

31/01/2024

The Company is still in the process of completing the strategic review of operations announced on 11 January 2024. The Company is aiming to lodge a market announcement regarding the outcome of the strategic review of operations on or before 29 February 2024.

31/01/2024

The company releases a notification of cessation of securities.

22/01/2024

The securities of Galena Mining Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of G1A, pending the release of an announcement regarding a strategic review of operations.

11/01/2024

The suspension of trading in the securities of Galena Mining Limited will be lifted immediately following the release by G1A of an announcement in relation to an operational update and capital raising.

20/04/2023

The company releases a notice of proposed issue of securities.

20/04/2023

The company releases an Operations and Guidance Update presentation.

20/04/2023

Weather and technical impacts at the Abra mine have resulted in a delayed ramp-up to expected steady-state production. Galena has undertaken a placement to provide additional working capital funding for the Abra ramp-up period. Strong support from existing shareholders and new institutional investors, o Existing largest investor, Warburton Group subscribed for ~A$3.6M. Project financing debt provider, Taurus subscribed for ~A$1.0M. Directors subscribed for ~A$0.4M. Abra provides updated CY2023 guidance based on current mine planning information, production delays due to current rainfall event and increased production costs.

20/04/2023

The Company requests the extension of voluntary suspension remains in place until the earlier of such time as the Company makes the announcement in relation to an operational update and capital raising, or prior to the commencement of trading on Thursday, 20 April 2023.

19/04/2023

The company releases a notification of cessation of securities.

18/04/2023

The securities of Galena Mining Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of G1A, pending the release of an announcement regarding an operational update and capital raising.

13/04/2023

The suspension of trading in the securities of Galena Mining Limited will be lifted immediately, following the release by G1A of an announcement regarding the Abra project financing debt facility.

12/11/2020

Abra Mining Pty Limited, the joint-venture company for the Abra Base Metals Project, Toho Zinc Co., Ltd. and the company have executed definitive facility agreements with Taurus Mining Finance Fund No2 for US$110 million in project financing debt facilities made up of: a US$100 million term loan plus a US$10 million cost overrun loan.

12/11/2020

The securities of Galena Mining Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of G1A, pending the release of an announcement regarding the Abra project financing debt facility

12/11/2020

we understand that on or about this date the company split its shares 5 for 1

29/03/2018

listed entity carried for record purposes only

07/09/2017

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    01/11/2023Alexander Molyneux750,000$0.060$44,622
    26/07/2023Alexander Molyneux300,000$0.091$27,148
    01/05/2023Adrian Byass300,000$0.120$36,000
    21/12/2022Alexander Molyneux105,000$0.228$23,980
    15/12/2022Alexander Molyneux395,000$0.231$91,333

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Adrian ByassNon Exec Chairman09/12/2016
    Craig BarnesCFO14/06/2019
    Neville GardinerNon Exec Director20/10/2021
    Anthony JamesNon Exec Director15/10/2018
    Stewart HoweNon Exec Director26/11/2019

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Alexander MolyneuxManaging Director, CEO01/09/201822/11/2023
    Jonathan DownesNon Exec Director09/12/201629/10/2021
    Timothy MorrisonNon Exec Director12/07/201714/12/2020
    Ed TurnerGeneral Manager07/09/201730/09/2019
    Troy FlanneryCOO07/02/201831/03/2019
    Oliver CairnsNon Exec Director07/12/201615/10/2018

    Date of first appointment, title may have changed.