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Silver Mines advances optimisation program to update Bowdens Silver Project feasibility study

Last updated: 12:14 19 Mar 2024 AEDT, First published: 08:30 12 Oct 2023 AEDT

Snapshot

  • Silver Mines buoyed by drill and blast results that point to potential mining upside
  • Silver Mines well-funded to advance drilling program across Bowdens Silver portfolio in NSW with cash balance of $31.4 million
  • Silver Mines talks Native Title and development plans for Bowdens
Silver

About the company

Silver Mines Ltd (ASX:SVL) is advancing the Bowdens Silver Project near Mudgee in New South Wales.

The project holds substantial resources as the largest undeveloped silver project in Australia and one of the largest globally.

How it is doing

19 Mar 2024

Silver Mines Ltd (ASX:SVL, OTC:SLVMF) has fielded encouraging assays from the Bowdens Silver Project, 26 kilometres east of Mudgee in Central New South Wales, and is concurrently working on project development activities.

The first drill and blast works have been conducted at Bowdens to collect bulk samples for ongoing optimisation work and ore-sorting trials. Blast hole drilling has now wrapped up.

A total of 108 samples were collected with 65 – or some 60% of samples – grading above estimated block grades. The entire zone averaged 171 g/t silver equivalent (AgEq), which is 43% higher than the estimated block grade of 120 g/t AgEq.

Four bulk samples weighing in at a collective 21 tonnes were taken from three sites for optimisation and mine development studies.

14 Mar 2024

It's all systems go for Silver Mines Ltd (ASX:SVL, OTC:SLVMF) at the Bowdens Silver Project after the Land and Environment Court of New South Wales dismissed an application for judicial review proceedings.

Activist group, the Bingman Catchment Landcare Group Incorporated, commenced the proceedings in the Land and Environment Court against the State Government’s Independent Planning Commission (IPC) and Bowdens Silver Pty Ltd, challenging the development consent for the Bowdens Silver Project approved by the IPC on April 3,2023.

08 Mar 2024

Silver Mines Ltd (ASX:SVL, OTC:SLVMF) has closed its Share Purchase Plan (SPP), having raised $6 million before costs.

The SPP attracted significant interest and followed a share placement that raised A$8 million before costs, significantly exceeding its A$2 million target.

Insight: Silver Mines well-funded to advance drilling program across Bowdens Silver...

22 Jul 2021

Silver Mines Ltd (ASX:SVL) (OTCMKTS:SLVMF) (FRA:SWQ) is well placed to fund its aggressive drill program across the substantial Bowdens Silver tenement portfolio in New South Wales, with a cash balance at the end of June recording $31.4 million. 

The company is continuing an extensive program of consultation with relevant Government departments, local communities, and other interested stakeholders to examine the potential impacts and benefits of exploration and development across the Bowdens project portfolio. 

What management says

05 Sep 2023

Silver Mines Ltd (ASX:SVL, OTC:SLVMF) MD Tony McClure speaks with Proactive after announcing the company has completed a Native Title agreement covering a parcel of Crown land within the area of Mining Lease Application (MLA) 601 of the Bowdens Silver Project near Mudgee in central New South Wales. This now completes the 'Right to Negotiate' process in accordance with Section 31 of the Native Title Act 1993 (Cth) and completion of this process enables the continued processing of MLA 601 covering the Bowdens Silver Project. This is another key permitting step for the Bowdens Silver Project, which on April 3, 2023, received development consent from the Independent Planning Commission (IPC) of New South Wales.

Silver Mines talks Native Title and development plans for Bowdens

Silver Mines Ltd (ASX:SVL, OTC:SLVMF) MD Tony McClure speaks with Proactive after announcing the company has completed a Native Title agreement covering a parcel of Crown land within the area of Mining Lease Application (MLA) 601 of the Bowdens Silver Project near Mudgee in central New South...

on 5/9/23