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Silver Mines Limited (ASX:SVL)

ALERT: Price-sensitive ASX Announcement for SVL
Current share price for SVL : $0.138 -0.073 (-34.52%)+
Announcement
Release
17 Feb 2026 9:11AM
Price at Release
$0.210
Full Release
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Summary
Silver Mines Limited has provided an update on the exploration activities at the Coomber Silver Prospect, located southeast of Mudgee, New South Wales. The Coomber Prospect, discovered in 1989, is part of the company's extensive NSW tenement package and is situated within Exploration Licence 5920. Historical drilling at Coomber revealed significant silver mineralisation, with follow-up drilling conducted in the 1990s. The area is characterized by a caldera with silver dominant mineralisation, and recent efforts have secured land access to conduct further reconnaissance work. The prospect remains largely underexplored and presents a significant development opportunity within the Bowdens Silver Project, which is the largest undeveloped silver deposit in Australia. Current exploration aims to fill existing data gaps and verify historic results to advance systematic exploration and evaluation of the site.
Key Points
  • Silver Mines Limited updates on Coomber Silver Prospect exploration.
  • Coomber is located 23km south of Bowdens Silver Project.
  • Historical drilling revealed significant silver mineralisation.
  • Follow-up drilling was conducted in 1994 and 1997.
  • Coomber sits within a 5km by 3km caldera with silver mineralisation.
  • Land access secured for further exploration work.
  • Coomber remains a significant, underexplored silver resource.
  • Exploration aims to complete systematic evaluation of the prospect.
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.