** Shares of Silver Mines Ltd SVL.AX rise as much as 7.5%
to A$0.215 - their highest since Feb. 2
** Silver explorer says Independent Planning Commission of
New South Wales has approved co's Bowdens Silver Project,
letting it proceed with development and production at project
** Says, mine’s 23-year life underpins significant value
potential for Bowdens project with expansion opportunities
** Stock is flat YTD, as of last close
(Reporting by Ayushman Ojha in Bengaluru)
((Ayushman.ojha@thomsonreuters.com;))