New silver mine slated for NSW

Kingsgate Consolidated are moving to develop a silver mine in NSW and plan to deliver an environmental assessment for the project as early as 2014.

Presenting at the 2013 NSW Minerals Exploration and Investment Conference, the company said the Bowden Silver project was a priority development.

Kingsgate said it received the Director General’s Requirements for the project in February this year and was working through these to complete all the assessment and modelling work required for the EIS.

Mudgee Guardian said the conference heard Kingsgate were also taking into account recent rulings at the Land and Environment Court as part of their assessment, as well as continuing community consultation.

Purchased in 2011 for $75 million, the Bowden Silver project will have a 10 year mine life producing an estimated 46 million tonnes of silver, zinc and lead.

Kingsgate said the current resource estimate is 182 million ounces of silver with an in ground value of $5 billion and recent metallurgical tests show 82 per cent silver recovery.

The company said the availability of infrastructure with access to water, proximity to grid power and a skilled workforce were key attributes of the mine’s profile.

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