Silver Mines Limited
Silver Mines Limited
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Explorer Silver Mines has achieved what industry leaders have termed a “watershed moment” with the award of planning approval for its 100%-owned Bowdens project, Australia’s largest undeveloped silver deposit.
Association of Mining and Exploration Companies CEO Warren Pearce says the Bowdens approval, coming days after Regis Resources’ McPhillamys gold project, is a strong signal that NSW is open for business for the minerals industry.
Australian explorer Silver Mines has firmed the potential for a contiguous underground development in addition to the planned openpit operation at the Bowdens silver project in central NSW.
Silver Mines has posted a maiden measured-indicated-inferred underground resource of 42.9Moz silver equivalent (6.37Mt @ 209g/t AgEq), directly beneath its opencut resource of 275Moz Ag Eq at Australia’s largest known undeveloped silver deposit.
MD Anthony McClure says both the openpit and underground resource areas remain open.
Australian explorer Silver Mines has firmed the potential for a contiguous underground development in addition to the planned openpit operation at the Bowdens silver project in NSW.
Australian explorer Lode Resources aims to overcome erratic markets for silver and the metallurgical challenges for achieving optimum recovery from its silver-rich discoveries in the New England belt stretching south into NSW. Ross Louthean reports
Australian explorer Silver Mines is studying potential underground mining scenarios for its 100%-owned Bowdens silver project in central NSW, launching a scoping study into the potential for a new mine development that could begin in year 3-4 of its planned openpit operation 26km E of Mudgee.
Explorer Silver Mines has moved a further step on the road to advancing Australia’s largest undeveloped silver deposit with the lodging of a mining lease application for its 100%-owned Bowdens project 26km E of Mudgee in central NSW.
It follows the submission of its environmental impact statement in May for the proposed opencut mine and 2Mtpa plant designed to produce 66Moz silver, 130,000t zinc and 95,000t lead over a mine life of 16.5 years.
Australian explorer Thomson Resources has made what exec chairman David Williams considers a “transformational step” with agreement to acquire 100% ownership of two silver projects notable for historical high-grade production in the New England region of NSW.
Thomson will issue 75M shares and pay about $A0.3M to Silver Mines for the Webbs (1.5Mt @ 345g/t for 16.5Moz silver equivalent) and Conrad (2.65Mt @ 206g/t for 178.5Moz AgEq).
Australian explorer Silver Mines has raised $A12M to support pre-development work at its 100%-owned Bowdens silver project, its proposed 3.4Mozpa development near Mudgee in central NSW.
The placement of 120M shares at 10cps to institutional, professional and sophisticated investors coincides with the lodging of SVL’s development application and EIS for Australia’s largest undeveloped silver deposit with state planners.
Preparations for Australia’s largest undeveloped silver deposit is a step closer with Silver Mines in the final stages of preparing an EIS for its 100%-owned Bowdens project about 26km E of Mudgee in the NSW Central Tablelands.
SVL expects to lodge the study, mining lease and development applications with state planners in this year.
Bowden’s mid-2018 feasibility study outlined a 2Mtpa openpit mine producing 53Moz silver, 116,000t zinc and 83,000t lead over a 17-year mine life.
SVL has exceeded expectations by lifting silver-equivalent resources by 51% to 275Moz (128Mt @ 67g/t AgEq) as it works to complete a DFS in early 2018 on the proposed openpit mine development of its 100%-owned Bowdens deposit near Mudgee in NSW, Australia. Measured and indicated resources now comprise 82% of the total.
The resource, calculated by H&S Consultants after extensive infill and extensional drilling, includes a higher-grade core of 158Moz (46Mt @ 106g/t) in the eastern and northern areas.
An initial ore reserve at Bowdens is expected late this year.