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Silver Mines Limited (ASX:SVL)

ALERT: Price-sensitive ASX Announcement for SVL
Current share price for SVL : $0.140 -0.09 (-39.13%)+
Announcement
Release
23 Dec 2025 8:25AM
Price at Release
$0.230
Full Release
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Summary
Silver Mines Limited has provided an update on the redetermination process for its Bowdens Silver Project Development Application (DA) SSD-5765. Following a NSW Court of Appeal decision in August 2024 that voided the original project approval, the company has been working with the NSW Department of Planning, Housing, and Infrastructure to address new requirements under the Biodiversity and Conservation Act 2016, which affect ecological surveys and biodiversity assessments. As part of their efforts to secure a legally robust and low-risk redetermination, Silver Mines is refreshing its ecological surveys. These are expected to be completed in early 2026, with updated assessments submitted by mid-2026. This update emphasizes the company's focus on advancing the project under new regulatory conditions and its commitment to transparency and stakeholder engagement.
Key Points
  • NSW Court of Appeal decision voided Bowdens Project approval in August 2024.
  • Silver Mines is working towards DA redetermination under new regulations.
  • Consultations with the NSW Department of Planning, Housing, and Infrastructure are ongoing.
  • Ecological surveys are being refreshed to meet updated biodiversity assessment requirements.
  • Updated biodiversity assessments are expected by mid-2026.
  • The company aims for a legally robust and low-risk DA redetermination process.
  • Commitment to progressing the Bowdens Project through thorough and transparent pathways.
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.