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Silver Mines Limited (ASX:SVL)

ALERT: Price-sensitive ASX Announcement for SVL
Current share price for SVL : $0.130 -0.015 (-10.34%)+
Announcement
Release
31 Jul 2025 8:44AM
Price at Release
$0.145
Full Release
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Summary
This Quarterly Activities Report and Appendix 5B Cash Flow Report details Silver Mines Limited’s activities and financial position for the period ended 31 December 2023. The report highlights progress at the Bowdens Silver Project, which continues to advance towards development following approvals, ongoing studies, and exploration drilling. The Company also provides updates on exploration at the Bowdens Silver Project and regional targets, including diamond and RC drilling programs, with notable results reported. The cash flow section outlines operational expenditure, exploration spending, and capital movements, concluding with a strong cash balance. The report further addresses corporate matters, including share issuance and option exercises during the quarter.
Key Points
  • Bowdens Silver Project advances with development approvals and ongoing studies.
  • Exploration drilling continues at Bowdens and regional targets with significant assay results.
  • Diamond and RC drilling programs yield promising mineralisation, extending known resources.
  • Operational and exploration expenditure itemised, with a detailed Appendix 5B Cash Flow Statement.
  • Company maintains a strong cash balance at end of quarter.
  • Corporate actions include share placements and exercise of options.
  • No mining production or development cash flows during the quarter.
  • Focus on progressing Bowdens Silver Project towards construction and development.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.