Silver City Minerals Limited (SCI) is a base and precious metal explorer focused on the Broken Hill District of western New South Wales, Australia. It takes its name from the famous Silver City of Broken Hill, home of one of the world's largest accumulations of silver, lead and zinc; the Broken Hill Deposit. SCI was established in May 2008 to explore specifically in the District where it controls approximately 1300 square kilometres of exploration tenure. It has a portfolio of highly prospective ground with drill-ready targets focused on high grade, silver, base-metals and gold and a pipeline of prospects moving toward the drill assessment stage.
The Company is also attuned to exploration opportunities in well-endowed minerals provinces. In July 2013 it entered into an agreement to explore the Sellheim Gold Project in North Queensland and in May 2014 acquired tenements in the North Island of New Zealand. The former lies immediately to the south of the Charters Towers-Ravenswood Province with an historical gold endowment in excess of 20 million ounces while the latter has potential for high grade epithermal gold-silver deposits similar to those of the Waihi district to the north.
The Company's objective is to increase shareholder wealth through capital growth and dividends, by advancing projects from exploration discovery, through development into profitable operating mines.