1、Silver Mines LimitedABN 45 107 452 9422023ANNUAL REPORTCONTENTSReview of Operations .1Competent Persons Statements.21Directors Report .22Auditors Independence Declaration .32Financial Report .33 Consolidated Statement of Profi t or Loss and Other Comprehensive Income .33Consolidated Statement of Fin
2、ancial Position .34Consolidated Statement of Changes in Equity .35Consolidated Statement of Cash Flows .36Notes to the Financial Statements .37Directors Declaration .66Independent Auditors Report .67Additional Securities Exchange Information .72Corporate Governance Statement .75Corporate Directory.8
3、5Figure 1.Group Project Locations.During the 2023 Financial Year,Silver Mines Limited(Silver Mines,the Company or the Group)continued predevelopment works and ongoing mineral exploration at the Bowdens Silver Project(Project)located near Mudgee in New South Wales.In March 2023,the Company updated it
4、s Mineral Resource Estimate reporting a substantial increase across all categories adding significant value and demonstrating confidence for further Project longevity.In April 2023,the Company received approvals from the Independent Planning Commission of New South Wales allowing the Project to proc
5、eed to development and production subject to conditions of consent.The Company also continued to undertake substantial exploration works across its tenement holdings.PROJECTSDuring the 2023 Financial Year,the Group controlled the following projects,all of which are located in New South Wales,Austral
6、ia:Bowdens Silver Project(silver/polymetallic)Barabolar Project(copper/gold/silver)Tuena Project(gold/silver)REVIEW OF OPERATIONSSilver Mines Limited Annual Report 20231IntroductionThe Bowdens Silver Project is located near Mudgee in the Central Tablelands Region of New South Wales,Australia.REVIEW