- Silver Mines provides all information requested to assist with redetermination of Development Application for Bowdens Silver Project.
- Bowdens holds a JORC reserve of 71.7Moz silver and is highly leveraged to rising global demand for the metal essential for solar power and other clean energy technology.
- The company continues to liaise with other stakeholders in NSW, while also expanding its highly prospective exploration portfolio in the US.
Special Report:
Silver Mines has taken a major step forward to aid the redetermination of the Development Application for its Bowdens project, while also pursuing growth opportunities across its expanding portfolio.
The company has now provided all information requested by the New South Wales Department of Planning, Housing and Infrastructure (DPHI) to assist with the redetermination.
Silver Mines (ASX:SVL) has been focused on the task since the August 2024 NSW Court of Appeal decision to void the
Bowdens Approval
, as well as working with other regulatory bodies and stakeholders.
Bowdens is Australia’s largest undeveloped silver deposit and one of the largest globally, with a current JORC-compliant reserve of
71.7 million ounces of contained silver
. There’s also
strong potential to extend Bowdens’ already significant resource base
.
The 100% owned project is also one of the world’s most highly leveraged to the silver price at a time of
accelerating demand
for the multi-purpose metal.
Managing director Jo Battershill said: “We are very pleased to have finalised our response to the DPHI’s request for information.
“With the provision of all required information to the DPHI, we have reached a pivotal stage in advancing the Bowdens silver project. We have worked diligently with the DPHI, government departments and other key stakeholders to ensure a robust, comprehensive and compelling application.
“This is an important step forward for both Silver Mines and the broader regional community that stands to benefit from this world-class development.
“We remain confident in the strength of the Bowdens Project and are fully committed to seeing it through to final approval and realising the benefits to the state and local community.”
It’s expected the project will create more than 320 jobs during construction and over 220 ongoing roles.
Clearer view ahead
The lodging of the information follows the NSW DPHI providing
more positive clarification on the approvals processes
in May.
Importantly, the NSW Planning Secretary confirmed that the transmission line to power Silver Mines’ project does
not
form part of the single proposed development – the Bowdens Silver Project (State Significant Development or SSD 5765). An SSD project is considered important for the state’s economic, environmental or social well-being.
Spreading wings stateside
Silver Mines has also been building its exploration upside in another tier one jurisdiction by acquiring the Calico North silver project and starting earn-in for Kramer Hills gold and silver project in the US.
Both projects in the prolific San Bernardino County of California
host mineralisation with historical production plus kilometres of untested mineralised structures near surface and at depth.
This article was developed in collaboration with Silver Mines, a Tamarafkaadvertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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Silver Mines marks milestone in Bowdens approval process
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