STTCOMP SVL FA LONG
Share issue - 867.5M
Market Cap - $79.81M
Director - Anthony McClureThe Bowdens Silver Project is the largest undeveloped silver deposit (open cut mine) in Australia andis 100% held by the Company. Plant capacity is designed for 2.0 million tonnes per annum with a project life of 17 years.Life of mine production is planned to be approximately 53 million ounces of silver, 116,000 tonnes of zinc and 83,000 tonnes of lead.
Points of interest:• Feasibility complete.
• EIS to be submitted shortly along with application for development approvals.
.Completion of Bowdens Silver Environmental Impact Statement 4th quarter 2019.
• Submission for Development Consent.
I am liking how the Silver futures look on their graph. SVL should follow suit. Plenty of news on the horizon here as well .
Explorations.
• Bowdens Silver new expanded exploration program
o 275 Moz silver Eq system open to north and at depth.
o High grade silver zones and massive sulphide zones exploration program commenced Sept. 2019.
o Gravity survey complete, up to 4000m deep drilling program commencing shortly (subject to approvals).
• Barabolar exploration play
o 9000 X 2000 metres corridor of base metals and precious metals anomalism.
o Porphyry system with extensive Cu-Mo-Zn-Ag-Au anomalism to be expanded to the west.
o Program expanded with a gravity survey complete.
o Up to 4000m deeper drilling program commencing early 2020 (subject to approvals).
• Tuena Gold Project is an exciting new gold exploration play
Airborne magnetics and radiometrics survey commencing November 2019.
Funding:On 5th July 2019, the Company announced that it had conducted a placement with
Patersons Securities Limited acting as LeadManager at an issue price of 5cper share.
, raising $2.75 million (before costs), via the issue of 55,000,000 shares and 27,500,000
options, exercisable at $0.06 and expiring on 6th September 2021.
On 9th September 2019, the Company announced that it had conducted a placement
with Patersons Securities at an issue price of $0.10 per share, raising $10.0 million (before costs), via the issue of 100,000,000 shares.
