GALENA MINING LIMITED (ASX.G1A)

delisted by ASX under Listing Rule 17.12

we understand the company failed to lodge a periodic report for a period of one year after the deadline for its lodgement

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

The entities suspended for over three months failed periodic reports, the oldest outstanding report deadline, and their 2 year deadline for trading plans. If not met, they will be removed from the official list, usually after the first trading day.

The voluntary administrators of Abra are set to hold their second creditors meeting by 6 December 2024, and the voluntary administration period has been extended until 20 February 2025.

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

ASX releases a notice regarding long-term suspended entities. The company's securities have been suspended for more than 3 months. If an entity does not meet the 1 or 2 year deadlines, it will be removed from the official list. The removal will usually take effect from the open of trading on the first trading day after the deadline date.

The company lodges its notice of cessation of securities.

The securities of Galena Mining Limited were suspended at G1A's request on 11 January 2024 pending the release of an announcement regarding a strategic review of operations. Having regard to G1A's announcement on 5 April 2024 that voluntary administrators were appointed to its 60% owned subsidiary, and G1A's failure to lodge its half year financial statements for the period ended 31 December 2023, ASX has determined that G1A's financial condition is not adequate to warrant the continued quotation of its securities and therefore is in breach of Listing Rule 12.2. Accordingly, G1A's securities will now continue to be suspended from quotation in accordance with Listing Rule 17.3. The suspension will continue until ASX is satisfied that G1A is in compliance with the Listing Rules, including Listing Rule 12.2, and that it is otherwise appropriate for G1A's securities to be reinstated to quotation.

The company releases a notification of cessation of securities.

The Company provides an update on its corporate activities and operations at its 60%-owned Abra Base Metals Mine located in the Gascoyne region of Western Australia. In July, the mine's concentrate production exceeded 10,000t following on from a June quarter production of 26,664t, continuing an improving ramp-up. Abra's thirteenth lead-silver concentrate shipment of 10,768t, departed from Geraldton Port on 16 July 2024. At the end of July, a total of 16,921t of concentrate was ready for shipment with 9,066t being on site and 7,855t at the Geraldton Port. A drilling milestone of 100,000m of underground drilling as part of the mining operations has been achieved. On 28 June 2024, CBH Western Australia Pty Ltd and Toho Zinc Co., Ltd, made a payment of US$15 million in reduction of the Abra debt Facility. The Company is expected to remain in suspension for the duration of the administration process. The voluntary administrators have appointed Sternship Advisors to assists with a sale and recapitalisation of Abra.

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

Record quarterly lead-silver concentrate production of 26,664t in the June quarter, up 54% on the previous quarter. 17,137t of lead-silver concentrate shipped in June 2024 and a further 10,768t shipped shortly after quarter-end, on 16 July 2024. Ore milled of 333,833t, up 38% on the previous quarter, at a record quarterly 5.6% lead grade. Ore mined of 280,974t at 5.7% lead grade and record quarterly underground development of 2,503m in the June quarter. In the June quarter, the Abra mine achieved record quarterly lead-silver concentrate production of 26,664t continuing the trend of mine ramp up improvement after the weather disruptions in the previous quarter.

The securities of the company have been suspended for more than three months. If an entity does not meet the 1 or 2 year deadlines, it will be removed from the official list. The removal will usually take effect from the open of trading on the first trading day after the deadline date.

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 31 August 2024.

On 4 April 2024, Richard Tucker and Robert Hutson of KordaMentha were appointed as voluntary administrators to the Company's 60% subsidiary, Abra Mining Pty Limited. The appointment of voluntary administrators was due to ramp-up issues associated with mining rates, mined grade and rainfall events in February and March restricting in-bound critical supplies and out-bound concentrate haulage. Haulage restrictions impacted productivity on site as well as shipments of concentrate via Geraldton port over this period. Under voluntary administration the Abra mine and processing plant is being operated on a business-as-usual basis while reviewing all operating and recapitalisation options. The Company is expected to remain in suspension for the duration of the administration process. In May, the mine's concentrate production exceeded 10,000t a record month, continuing the trend of mine ramp up improvement after February "“ April weather disruptions. Abra's eleventh lead concentrate shipment of a record 10,865t, departed from Geraldton Port on 11 June 2024. Due to mine access road closures and issues noted previously, this shipment is the first concentrate shipment since 7 March. The mine currently has over 15,000t of lead-silver concentrate stockpiled at site and at Geraldton Port and over 105,000t of ore stockpiled on the ROM available for processing in the coming months. A second concentrate shipment is scheduled for the second half of June depending on port activity and weather conditions. New mine production records were achieved in May, with total ore milled of 124,513t at 5.7% lead grade and total ore mined of 123,525t at 6.4% lead grade (including a new record for stope ore of 80,538t at 7.3% lead grade). The mine achieved 840m of development for the month of May. A tender process for concentrate sales saw competition for Abra's lead concentrate in the spot market, resulting in a substantial improvement in net terms. Abra has secured concentrate sale agreements for approximately 76,000t through to November 2024.

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

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

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.

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.

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.

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.

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.

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

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.

The company releases a notification of cessation of securities.

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.

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.

The company releases a notice of proposed issue of securities.

The company releases an Operations and Guidance Update presentation.

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.

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.

The company releases a notification of cessation of securities.

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.

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.

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.

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

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

listed entity carried for record purposes only