Corporate Member

Silver Mines Limited owns 100% of the Bowdens Silver Project in New South Wales, Australia. The Bowdens deposit is the largest undeveloped silver project in Australia with resources of 180Moz contained silver and over 330Moz AgEq in resources and growing. The project is pending NSW state development approvals with initial production targeting >5Moz silver per annum plus minor zinc and lead - reserves of 72Moz silver were recently confirmed in the Dec-24 Optimisation Study. The deposit remains open at depth with numerous high-grade intersections drilled suggesting potental for a future underground development. Regional seismic surveying has identified 4 four additional collapsed caldera structures that could potentially host mineralised deposits analogous to Bowdens.