Silver Mines Enhances Bowdens Silver Project Reserves with Key Updates

3 min read | December 20, 2024 01:55 PM AEDT | By Team Kalkine Media

Google News:

Silver Mines Enhances Bowdens Silver Project Reserves with Key Updates — Image source: shutterstock

Recent News

Could ASX Growth Stocks Be Set for the Next Market Shift?

Woolworths Climbs While Coles Skirts 52-Week Lows: The Supermarket Spl...

Retail Under Pressure: Why ASX Retail Stocks Face a Tougher Road Ahead

ASX Growth Stocks: Hidden Catalysts and Market Signals

Make Kalkine Media
My Trusted Source

Highlights

Silver Mines (SVL) boosts Bowdens Silver Project reserves to 71.7 million ounces.

Updated ore reserve estimate reflects higher silver grades and increased metallurgical recoveries.

New mineral resource estimate incorporates extensive drilling and refined geological data.

Silver Mines (ASX:SVL) has released a significant update to the mineral resource and ore reserve estimates for its Bowdens Silver Project in New South Wales. The updated figures demonstrate enhanced confidence in the project’s potential and position it as a key asset within the Australian silver sector.

Expanded Ore Reserves

The updated reserve estimate for the Bowdens Silver Deposit stands at 32.8 million tonnes at 68 grams per tonne (g/t) silver, along with 0.38% zinc and 0.29% lead. This represents a 10% increase in ore tonnes compared to the 2018 estimate. Contained silver in the reserves has risen to 71.7 million ounces, a 7.5% increase, with silver forecasted to contribute over 85% of the mine’s revenue, up from 70% in the previous reserve model.

Silver Mines attributed this growth to improved metallurgical recoveries driven by a simplified processing flowsheet, alongside an optimized mine design that minimizes environmental impact. Additionally, the reserve contains 123.3 kilotonnes of zinc and 95.6 kilotonnes of lead, adding further value to the project.

Updated Mineral Resource Estimate

The mineral resource estimate (MRE) has been updated based on extensive drilling, new assay data, refined geological domaining, and updated metal pricing assumptions. The December 2024 MRE indicates measured and indicated resources of 143 million tonnes at 35.7 g/t silver, representing a 6.3% increase in silver grade compared to previous estimates.

Contained silver stands at 164 million ounces, marginally lower due to the reduction in overall tonnes. Measured and indicated resources now comprise 80% of total tonnes and 92% of contained silver ounces, enhancing confidence in the project's economic viability.

Future Potential

A gold-dominant subset of the Bowdens resource has also been identified, containing 19.4 million tonnes at 0.32 g/t gold for approximately 201,570 ounces of gold. Further refinement of these gold domains is expected in future updates.

Silver Mines (SVL) highlights the Bowdens Silver Project as one of the most advanced silver development projects listed on the ASX. The project's strong resource base, tier-one jurisdiction, and enhanced recovery techniques position it as a standout in the global silver sector.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.