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Silver Mines Limited (ASX:SVL)

ALERT: Price-sensitive ASX Announcement for SVL
Current share price for SVL : $0.140 -0.135 (-49.09%)+
Announcement
Release
29 Jan 2026 8:54AM
Price at Release
$0.275
Full Release
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Summary
Silver Mines Limited released their Quarterly Activities and Cash Flow Report, highlighting continued efforts on the Bowdens Silver Project in New South Wales, which included significant drilling results revealing high-grade silver intercepts. The report outlines the company's decision to refresh ecological surveys for the Bowdens Project to comply with environmental regulations. Financially, Silver Mines Limited reported a net cash outflow from operating activities of A$359,000, and a substantial investment of A$3.8 million in exploration. The company secured A$1.6 million from financing activities and closed the quarter with cash reserves of A$40.5 million. There were no mining development or production activities during this quarter. Additionally, the company issued over 15 million shares, raising approximately A$1.9 million from options exercised.
Key Points
  • Significant drilling results at Bowdens Silver Project with high-grade intercepts.
  • Refresh of ecological surveys for Bowdens Project to comply with regulations.
  • Net cash outflow from operating activities of A$359,000.
  • A$3.8 million invested in exploration activities.
  • A$1.6 million secured from financing activities.
  • Cash reserves at A$40.5 million at quarter's end.
  • No mining development or production activities during the quarter.
  • Issued over 15 million shares, raising A$1.9 million from options exercised.
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.