SVL 3.45% 14.0¢ silver mines limited

LARGEST UNDEVELOPED SILVER MINE IN AUSTRALIA, page-43

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    from DPE and IPC transcript

    The New South Wales Government’s vision to become a major global supplier and
    processor of critical minerals is also outlined in a document called the New South
    Wales Critical Minerals and High-Tech Metal Strategy, and in that document both
    silver and zinc are listed as critical minerals in the strategy. As well as that, the
    Mining Exploration and Geoscience Division within the Department of Regional New
    South Wales has identified that this deposit is the largest undeveloped silver project in
    10 Australia, and one of the largest in the world. The project would target recovery of
    approximately 97 million silver equivalent ounces. However, there is potentially more
    recoverable resource available in both the opencut and potential deeper underground
    project that would be subject to a separate assessment and approval process.
    So MEG, which is Mining Exploration and Geoscience, has advised that there are
    extensive sequences of similar rock formations along the margins of the Sydney bowl
    and basin that host numerous smaller silver deposits, so the development of this
    project could lead to further development of such deposits in New South Wales in the
    future

 
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