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Australia

Bowdens Project

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Summary

Mine TypeOpen Pit
Study CompletedFeasibility
StagePermitting
Commodities
  • Silver
  • Zinc
  • Lead
  • Gold
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotBowdens Silver Project (BSP) is the largest undeveloped silver deposit in Australia and one of the largest globally with substantial resources and a considerable body of high-quality technical work completed.

On 3 April 2023, the Independent Planning Commission (IPC) announced the approval of the BSP allowing the BSP to proceed to development and production; subject to conditions of consent. However, the development consent for the Bowdens Silver project was appealed that same year. The Proceedings challenged whether the IPC adequately considered matters relating to the construction and location of a powerline which may be required to power the mine site.

In July 2025, Silver Mines announced that it has now provided all information requested by the Department of Planning, Housing and Infrastructure (DPHI) and is continuing to work with the DPHI and other government departments, with respect to reinstatement of the development consent for the Bowdens Project.

Owners

SourceSource
CompanyInterestOwnership
Silver Mines Ltd. 100 % Indirect
Silver Mines Limited wholly owns the Bowdens Resource through its subsidiary, Bowdens Silver Pty Ltd.

Contractors

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Deposit type

  • Volcanic hosted
  • Vein / narrow vein
  • Epithermal

Summary:

The Bowdens Deposit is a low to intermediate sulphidation epithermal base-metal and silver system hosted in Carboniferous aged Volcanic rocks and Ordovician aged sediments.

Mineralisation includes veins, breccias and fracture fill veins within tuff and ignimbrite rocks, and semi massive veins, breccias and fracture fill in siltstone, shale and sandstone.

Mineralisation is overall shallowly dipping (~15 degrees to the north) with high-grade zones preferentially following a volcanic intrusion. There are several vein orientations within the broader mineralized zones including some areas of stock-work veins.

Local Geology
Mineralisation outcrops on its southern extreme and plunges shallowly to the north along the contact between the Rylstone volcanics and Coomber Formation. The volcanics unconformably overlie the eastern side of the northwest trending Northern Capertee Rise and are themselves unconformably overlain by the Permian to Triassic aged shallow marine to alluvial sedimentary rocks of the Sydney Basin. (Biggs, Klein and Madayag, 2024).

Mineralisation
Mineralisation throughout the Deposit is interpreted to have been deposited at low temperatures, often emplaced within a halo of earlier silica pyrite over breccia, which has clearly acted to impede porosity and create overpressures within a lower fluid pressure regime. Hydrothermal fracturing formed preferentially subparallel to bedding and volcanic stratigraphy and packages of steep, randomly anastomosing veins.

The deposit mineralogy consists of polyphasal pyrite, sphalerite, galena, arsenopyrite, marcasite, silver-bearing and silver minerals (e.g., acanthite, pyrargyrite, proustite, pearcite, polybasite, stephanite, Ag-rich tetrahedrite, freibergite, tetrahedrite and tennantite) with lesser chalcopyrite and gold. The system displays vertical and horizontal zonation, with the thermal gradient increasing at depth and to the southwest. Semi to massive sulphides of high-iron sphalerite-pyrite-galena-chalcopyrite are developed in the upper basement units (Bundarra Zone), along with anomalous gold, whereas the Aegean Zone at depth in the northeast consists of only polybasite/pearcite. Gold and copper are deposited more prevalently at depth and in the south of Bowdens associated with galena–chalcopyrite overprinting pyrite–sphalerite. Ag–Bi sulfosalts (new minerals related to matildite) have also been observed at depth (Lay 2019).

Ample textural evidence suggests that failure was due to local low permeability and hydrothermal sealing permitting local overpressures (Carter, 2023). Flat lying faults with slicken fibers, and centimetre-scale black bands of cataclasite material, highlight the occurrence of repeated micro seismic events, characteristic of fluid injection stimulating brittle failure (Cox, 2020).

Structure
Fault control which has led to the localisation of vein networks consist of numerous west dipping listric faults, of which the Eastern and Gully Faults host the Bowdens Deposit. The Eastern Fault is characterised by strong deformation, sericite-clay alteration, and silica flooding (as well as Prices Gully Fault), while the Gully Fault is characterised by more fault gouge and clay milling.
Locally the stratigraphy and orebody geometry is controlled by NNW trending faults and crystal tuff dome. A dacite intrusive and later mineralising fluids have ascended these conduits and cross faults with mineralisation depositing principally in the hanging wall of the Eastern fault, along geological contacts and brittle host units of welded tuffs and ignimbrites.

Alteration
Alteration within the Rylstone Volcanics at Bowdens consists predominantly of an argillic assemblage of clays (illite-smectite) sericite, silica, adularia and a wide range of carbonates (i.e. calcite, ankerite, rhodochrosite), representative of a steam heated blanket (Le Wang 2019), with a peripheral propylitic assemblage of chlorite and hematite. The Bowdens alteration and mineralisation events consisted of initial fluidised brecciation of silica-pyrite-adularia followed by progressive alteration phases of clay-carbonate (Lay 2019). These alteration styles consist of wall rock replacement and open-space filling dominated by quartz and adularia, followed by phases dominated by sulphides, then carbonates and finally clay minerals.

Dimensions
The open-pit Mineral Resources at Bowdens have an approximate extent of:
• 1,050m east-west;
• 1,250m north-south;
• From surface to 340m below surface.

Reserves

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Mining Methods

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Required Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityProductUnitsAvg. AnnualLOM
Silver Payable metal koz 3,47250,344
Zinc Payable metal kt 31
Lead Payable metal kt 56
Silver Metal in concentrate koz 3,655

Operational metrics

Metrics
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Ore tonnes mined, LOM  ....  Subscribe
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* According to 2024 study.

Production Costs

CommodityAverage
Credits (by-product) Silver  ....  Subscribe
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All-in sustaining costs (AISC) Silver  ....  Subscribe
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Assumed price Lead  ....  Subscribe
Assumed price Zinc  ....  Subscribe
Assumed price Silver  ....  Subscribe
* According to 2024 study / presentation.
** Net of By-Product.

Operating Costs

CurrencyAverage
OP mining costs ($/t mined) AUD  ....  Subscribe
OP mining costs ($/t milled) AUD  ....  Subscribe
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* According to 2024 study.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M AUD  ......  Subscribe
Sustaining CapEx $M AUD  ......  Subscribe
Total CapEx $M AUD  ......  Subscribe
OP OpEx $M AUD  ......  Subscribe
Processing OpEx $M AUD 583.8
Refining and transportation $M AUD  ......  Subscribe
G&A costs $M AUD 158.7
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After-tax payback period, years  ......  Subscribe

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Sep 8, 2025

Workforce

Total WorkforceYear
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Aerial view:

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