Silver Mines’ Bowdens Project Gets Final Development Approval, Australia
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Silver Mines Limited said the Independent Planning Commission of New South Wales (IPC) has approved the Bowdens Silver Project allowing the project to proceed to development and production subject to conditions of consent.
This follows comprehensive processes by the company, various Government authorities including the New South Wales Department of Planning and Environment (DPE) and then finally the IPC.
“The IPC’s decision is the most significant milestone for the company since we took over the project in mid-2016. Our team has delivered a technically reliable and environmentally responsible project. This decision recognizes the significant long-term economic and social benefits the project will deliver for our shareholders, the State of New South Wales and also the local communities across the Mid-Western Regional Government area,” said Silver Mines Managing Director, Anthony McClure.
“We now look forward to getting on with delivering the project. After the significant upgrade to our mineral resources, the company is undertaking a significant optimization program updating the Bowdens Silver feasibility study,” added McClure.
The Bowdens Silver Project is located in central New South Wales, approximately 26 kilometers east of Mudgee and is Australia’s largest undeveloped silver deposit and one of the largest globally. The mine’s 23-year life, including 16.5 years of silver production and by- products of zinc and lead, underpins significant value potential for Bowdens Silver. The project has substantial potential expansion opportunities.
About Silver Mines
Silver Mines Limited primarily engages in the acquisition, exploration, and development of silver projects in Australia. It operates through two segments, mining and exploration operations, and agricultural operations. The company also explores for copper, gold, lead, zinc, and polymetallic deposits. Its properties include Bowdens Silver Project, which has silver and polymetallic prospects covering an area of 1,950 square kilometers located in the Central Tablelands Region, New South Wales; the Barabolar Project consists of copper, gold, and silver prospects located in the Macquarie Arc in New South Wales; and Tuena Project with gold and silver prospects, which is located 80 kilometers south of the city of Orange in New South Wales. Silver Mines Limited was incorporated in 2004 and is based in Sydney, Australia.
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