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 approximately 200Moz of contained silver and over 330Moz AgEq in resources and growing. The project has received NSW state development approvals with initial production targeting >5Moz silver per annum plus minor zinc, lead and gold as by-products - reserves of c.100Moz AgEq, including 66Moz of silver have been delineated. The deposit remains open at depth with numerous high-grade intersections drilled. Regional seismic surveying has identified 4 four additional collapsed caldera structures that could potentially host mineralised deposits analogous to Bowdens.