Silver Mines completes sale of non-core Webbs and Conrad projects to Thomson Resources
The sale will allow the company to focus on the development of its flagship Bowdens Silver Project in Central West New South Wales.
Company
ASX:SVL
Silver Mines Ltd is an Australian public resource company listed on the Australian Securities Exchange. The company has recently purchased the Bowdens Silver Project located near Mudgee in New South Wales. The project holds substantial resources as the largest undeveloped silver project in Australia and one of the largest globally.
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The sale will allow the company to focus on the development of its flagship Bowdens Silver Project in Central West New South Wales.
The company is progressing towards approval for the Bowdens Silver Project and is completing its EIS response to submissions to the NSW Department of Planning, Industry and Environment.
The company is progressing towards approval for the project and is completing its EIS response to submissions to the NSW Department of Planning, Industry and Environment.
Silver, like just about everything else, saw a downturn in 2020 due to COVID-19 but experts are predicting a production boost this year.
The company's shares closed about 5% higher on Friday, at 4.4 cents.
The feasibility study in progress is expected to be complete later this month.
Bowdens is the largest undeveloped silver deposit in Australia.
The halt will remain in place until the opening of trade on Thursday 28th September 2017.
Bowdens is the largest undeveloped silver deposit in Australia.
Bowdens is the largest undeveloped silver deposit in Australia.
Silver Mines (ASX:SVL) has made the final payment to Kingsgate Consolidated (ASX:KCN) to complete the purchase of the Bowdens Silver Project.
Silver Mines (AS:SVL) has been granted a trading halt by the ASX, pending details of a capital raising.
Silver Mines (ASX:SVL) has an extensive 38,000 metre drill program underway at the Bowdens Silver project located near Mudgee in New South Wales.
Silver Mines Ltd (ASX:SVL) has been granted a trading halt by the ASX, pending exploration results at the company’s Bowdens Silver Project.