Silver Mines Continues Efforts to Reinstate Development Consent for New South Wales Project; Shares Up 6%

MT Newswires Live

2025/10/31

Silver Mines (ASX:SVL) continued collaborating with the relevant government departments during the quarter ended Sept. 30 to get the development consent for the Bowdens silver project reinstated after it was voided by the New South Wales Court of Appeal, according to a Friday filing with the Australian bourse.

The company also completed the acquisition of the Calico North project during the quarter and started its farm-in to acquire up to an 80% interest in the Kramer Hills project in California, the filing said.

Fieldwork at the projects will start in the December quarter, with drilling expected to begin in the first half of 2026, per the filing.

Shares rose 6% in midday trade on Friday.

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