SVL 3.13% 16.5¢ silver mines limited

LARGEST UNDEVELOPED SILVER MINE IN AUSTRALIA, page-470

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    UPDATED MINERAL RESOURCE ESTIMATE FOR BOWDENS SILVER DEPOSIT

    HIGHLIGHTS

    • The Bowdens Silver Deposit Mineral Resource estimate for all categories has been upgraded to:

      200 million tonnes @ 62g/t silver equivalent (‘Ag Eq’)1 (29g/t Ag, 0.37% Zn, 0.26% Pb, 0.07g/t Au at a 30 g/t Ag Eq cut-off) for 396 million ounces Ag Eq.

    • Compared to the 2017 Mineral Resource estimate this resource represents a: 56% increase in total tonnes

      44% increase in total silver equivalent ounces

    • Measured and Indicated Mineral Resource categories are 79% of total Mineral

      Resource estimate tonnage.

    • The updated Mineral Resource estimate will be used to optimise open-cut mine

      studies and drive Mineral Resource to Ore Reserve conversion.

    • The Mineral Resource estimate includes 19 million tonnes @ 0.31 g/t gold for 190,000

      ounces of gold (at a 0.2g/t gold cut-off).

    • The addition of gold to the Mineral Resource estimate adds significant value to the

      project.


 
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