Abra Mining Limited (“AML”) is a base metals exploration and development company that listed on the ASX in April 2005.  AML’s key asset is a 100% interest in the world-class Abra lead-silver-(zinc)-copper-gold deposit located within the Mulgul Project in central Western Australia.  
 
AML has consolidated its strategic position within the region through tenement acquisitions and joint venture arrangements. The Company now holds title to tenements covering an east-west extent of 100 kilometres, including the prospective Jillawarra Sub-basin which hosts the Abra deposit.

A word from Abra Mining Limited

The past twelve to eighteen months have remained challenging although indications of recovery and increasing stability in commodity prices seem positive.

The global financial crisis, which became apparent in 2008, had a detrimental impact on the mining and manufacturing business of the Company’s ultimate parent, Hunan Nonferrous Metals Holdings Group Co., Limited (“HNG”) which resulted in deferral of the Abra Project pre-feasibility study.

In December 2009, HNG announced an arrangement whereby China Minmetals Corporation, through its wholly owned subsidiary China Minmetals Nonferrous Metals Holding Company Limited (“MNH”), would contribute RMB5.595 billion into HNG to become the holder of 51% of HNG. As at 30th June 2010, there were a few conditions precedent still to be met by the parties before the deal would be finalised.

Exploration activities on the South Bangemall Project areas is continuing with detailed mapping and surface geochemical surveys underway using NITON (hand held XRF) to generate high-order drilling targets.

Numerous targets have been generated and the company’s technical team is particularly encouraged by the exploration results from the Woodlands Dome, Quartzite Well and Abra base metal deposit areas. Eighteen targets with potential to host large scale base metal mineralisation have been generated close to the Abra deposit.

As well as the known base metals prospectivity in the South Bangemall Project areas, a review of data from historic drill holes within the Jillawarra project, coupled with surface rock chip sampling, indicate that there is very good potential for economic manganese mineralisation in the project tenements.

Commodity prices have recovered from their lows of 2008/2009 which gives the Company confidence to continue it’s exploration programmes. With funds of $6 million and an experienced, enthusiastic team, the Company is well placed for future success.