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Gold & silver

Silver Mines welcomes advice on Bowdens Silver Project development consent

Silver Mines Ltd (ASX:SVL, OTC:SLVMF) is working through the steps required to achieve reinstatement of the development consent for the Bowdens Silver Project near Mudgee in the Central West of NSW, Australia.

This follows advice received by the company that the Development Application (DA) for the project “remains alive and on foot and has not been finally determined by the consent authority”, the Independent Planning Commission (IPC).

Advice sought

The company sought the advice following the decision by the NSW Court of Appeal to set aside the Bowdens' development consent provided by the IPC.

Silver Mines said this advice was important as NSW planning laws provided for a DA to be amended by the applicant, with the agreement of the NSW Department of Planning Housing and Infrastructure (DPHI), at any time prior to the DA being determined.

As a result, the company said it was now working through the steps required by DPHI to achieve reinstatement of the consent, in a way that would satisfy the Court's concerns in relation to the assessment of the transmission line to provide power to the proposed mine site.

Silver Mines will continue to provide regular updates pending further legal advice on pathways to amend the DA, to progress its ultimate assessment and determination.

Shares have been as much as 15% higher intra-day to $0.115.

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