Silver Mines Limited 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.
The recently consolidated Project area comprises 1,654 sqaure kilometres (408,000 acres) of titles covering approximately 80 kilometres of strike of the highly mineralsied Rylstone Volcanics.
Silver Mines also holds the Conrad and Webbs high grade silver projects in Northern New South Wales.
The Silver Mines strategy has been to consolidate quality silver deposits in New South Wales and to form Australia's pre-eminent silver company.
The Company's goal is to provide exceptional returns to shareholders through the acquisition, exploration and development of quality silver projects maximising leverage to an accretive silver price.
Silver Mines Limited (ASX:SVL) (“Silver Mines”, “the Company”) is pleased to provide an update in regards to royalties applying to its 100%-owned Bowdens Silver Project, near…