Silver Mines' Bowdens Silver Project update

Silver Mines (ASX:SVL) has announced an important update regarding its Bowdens Silver Project. Recent legislative amendments to the Environmental Planning and Assessment Act 1979 (NSW) have been passed, allowing a more streamlined process for obtaining development consent. These changes enable Silver Mines to seek reinstatement of their project consent, which had been previously set aside by the NSW Court of Appeal.

Key takeaways from Silver Mines' announcement

Silver Mines Limited has shared an update following a pivotal change in legislation affecting its Bowdens Silver Project. The NSW Court of Appeal had previously annulled the project's development consent, but new amendments to the Environmental Planning and Assessment Act 1979 (NSW) have now been passed. These amendments allow the Planning Secretary to determine project components for planning approvals, reinstating the former approach to State Significant Development projects. Silver Mines sees a clear path to reinstating its development consent in collaboration with the NSW Department of Planning, Housing and Infrastructure under the revised legal framework. The company is committed to maintaining transparency by providing regular progress updates. This development marks a significant step forward for Silver Mines as it continues to advance the Bowdens Silver Project within the updated regulatory environment.

Executive insights on Bowdens Silver Project

The legislative amendments are crucial as they provide clarity and direction for the assessment process of the Bowdens Silver Project. Silver Mines is actively working with the DPHI and other government departments regarding its existing Development Application (DA).' 'The Bowdens DA remains valid and has not been finally determined by the IPC.' 'The new laws will apply to future assessments of the Bowdens Silver Project's DA.' 'Silver Mines Limited commits to providing regular updates on the progress of reinstating the development consent for the project.