Silver Mines Limited (SML) has been established to explore, discover and develop primary silver mining operations in Australia and overseas.
The initial focus is on exploring the highly prospective New England Fold Belt in Northern New South Wales, Australia.
The New South Wales Minister for Mineral Resources has granted SML Exploration Licence (EL) 6601. SML has also entered into agreements to acquire 100% interest in five additional tenements being EL5674, EL5937, EL6114, EL6239 and EL6512.
Underwriter: Martin Place Securities
For offering a minimum of 15,000,000 shares and a maximum of 35,000,000 shares to raise a minimum of A$3,000,000 and a maximum of A$7,000,000 and listing of the company of the Australian Stock Exchange.