The HPP will be contributed by Galena to
Managing Director,
The HPP was designed and built by
The Board of Directors of Galena authorized this announcement for release to the market.
Forward-looking statements
The contents of this announcement reflect various technical and economic conditions at the time of writing. Given the nature of the resources industry, these conditions can change significantly over relatively short periods of time. Consequently, actual results may vary from those in this announcement.
Some statements in this announcement regarding estimates or future events are forward looking statements. They include indications of, and guidance on, future earnings, cash flow, costs and financial performance. Forward-looking statements include, but are not limited to, statements preceded by words such as 'planned', 'expected', 'projected', 'estimated', 'may', 'Scheduled', 'intends', 'anticipates, 'believes', 'potential', 'predict', 'foresee', 'proposed', 'aim', 'target', 'opportunity', 'could', 'nominal', 'conceptual' and similar expressions.
Forward-looking statements, opinions and estimates included in this announcement are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forward-looking statements are provided as a general guide only and should not be relied on as guarantee of future performance. Forward-looking statement may be affected by a range of variables that could cause actual results to differ from estimated results and may cause the Company's actual performance and financial results in future periods to materially differ from any projections of future performance or results expressed or implied by such forward-looking statements. So there can be no assurance that actual outcomes will not materially differ from these forward-looking statements.
About
86.16% owned by Galena, the
Galena completed an outstanding definitive / bankable feasibility study ('FS') 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
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Email: reception@westgold.com.au
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