Silver Mines talks Native Title and development plans for Bowdens
September 05, 2023 at 11:46 am EDT
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Silver Mines Ltd (ASX:SVL, OTC:SLVMF) MD Tony McClure speaks with Proactive after announcing the company has completed a Native Title agreement covering a parcel of Crown land within the area of Mining Lease Application (MLA) 601 of the Bowdens Silver Project near Mudgee in central New South Wales. This now completes the 'Right to Negotiate' process in accordance with Section 31 of the Native Title Act 1993 (Cth) and completion of this process enables the continued processing of MLA 601 covering the Bowdens Silver Project. This is another key permitting step for the Bowdens Silver Project, which on April 3, 2023, received development consent from the Independent Planning Commission (IPC) of New South Wales.
McClure said “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 recognises 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.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Silver Mines Limited is an Australia-based silver exploration company. The Companyâs projects include Bowdens Silver Project, Barabolar Project and Tuena Gold Project. The Bowdens Silver Project is an undeveloped silver deposit in Australia and lies within Exploration License 5920, which is 100% held by the Company. The Bowdens Silver and Barabolar Projects are located in central New South Wales, approximately 26 kilometers east of Mudgee. The consolidated project area comprises 2,115 square kilometers (km2) (521,000 acres) of titles covering approximately 80 kilometers of strike of the highly mineralized Rylstone Volcanics and underlying sediments, intrusions and volcanics of the Macquarie Arc. The Tuena Gold Project is located 80 kilometers south of the city of Orange in New South Wales. The Company also holds a significant land position in the Orange/Blayney district covering 747 square kilometers. It holds EL8973, EL8974, EL8526, EL8975 and EL9588 being the Tuena Project.