Total
0
Shares
Silver Mines (ASX:SVL) - Managing Director, Anthony McClure
Managing Director, Anthony McClure
Source: Finance News Network
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Silver Mines (SVL) has completed and submitted its mining lease application for the development of the Bowdens Silver Project
  • Bowdens is the largest undeveloped silver deposit in Australia and lies within an exploration licence area held by the company
  • Silver Mines completed and submitted its Environmental Impact Statement (EIS) for the project in May 2020, to resounding public support
  • The company has not specified how long it expects to wait for a response to its mining lease application
  • Silver Mines is down 1.33 per cent and trading at 22 cents per share

Silver Mines (SVL) has completed and submitted its mining lease application for the development of the Bowdens Silver Project.

The Bowdens Silver Project is located in central New South Wales, roughly 26 kilometres east of Mudgee. The project lies within exploration licence 5920, an area that is 100 per cent held by the company. 

Silver Mines believes the Bowdens project to be the largest undeveloped silver deposit in Australia and is determined to change that. The company’s proposal for developing the deposit consists of an open-cut mine, which would feed a new processing plant to produce concentrates to be sold for smelting off-site.

The plant would have the capacity for two million tonnes per annum, with a mine life of 16.5 years. The life-of-mine production has been estimated to be approximately 66 million ounces of silver, 130,000 tonnes of zinc, and 95,000 tonnes of lead.

Silver Mines completed and submitted its environmental impact statement (EIS) for the Bowdens project to the New South Wales Department of Planning, Industry, and Environment (DPIE) in May 2020. 

The company’s EIS was subsequently placed on the DPIE’s Major Projects website, for exhibition to the public. The response from the public through the exhibition process was one of resounding support, with no objections to the project made by Government agencies either.

Silver Mines is currently completing its EIS Response to Submissions to the DPIE, as part of the final stages of the approvals process. The company has not specified how long it expects to wait for a response to its mining lease application for the Bowdens Silver Project (MLA 601). 

Silver Mines is down 1.33 per cent, trading at 22 cents per share at 1:46 pm AEDT.

SVL by the numbers
More From The Market Herald
The Market Herald Video

" Orange may be the new gold

One of the latest explorers to head to the ASX is Perth-based Orange Minerals with listing anticipated as soon as next week.
Pan Asia Metals (ASX:PAM) - Managing Director, Paul Lock

" Pan Asia Metals (ASX:PAM) announces latest drilling results from Reung Kiet lithium project, Thailand

Pan Asia Metals (PAM) has released lithium drill results for four holes from its Reung Kiet project in southern Thailand.
Vango Mining (ASX:VAN) - Executive Chairman, Bruce McInnes

" Vango Mining (ASX:VAN) unveils further gold intersections at Marymia

Vango Mining (VAN) has unveiled further gold intersections from an ongoing open-pit drilling campaign at its Marymia Gold Project in the mid-west region

" Pursuit Minerals (ASX:PUR) gets final assays from Phil’s Hill

Pursuit Minerals (PUR) has confirmed a silver sulphide mineralising system at its Phil’s Hill prospect in Western Australia following receipt of the final