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Myanmar Metals Ltd.
Summary
| Project: | Bawdwin | |
|---|---|---|
| Deposit: | Bawdwin | |
| Location: | Myanmar | |
| Commodities: | Lead-Zinc-Silver-Copper | |
| Date: | 12/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 19-12-2017: Myanmar Metals Ltd. announces a Scoping Study report for its Bawdwin deposit at the Bawdwin project. Scoping Study results suggest the project has potential to deliver strong margins. Myanmar Metals Limited (ASX: MYL) (“MYL” or “the Company”) | |
| Resources: | (Resource, Inf.): 75.9Mt @ 4.6% Pb, 2.3% Zn, 0.25% Cu, 119ppm Ag at project | |
| CP/QP: | [Overall Report]: Karl van Olden (CSA Global Pty Ltd.) | |
| ABSTRACT: | Myanmar Metals Limited (ASX: MYL) (“MYL” or “the Company”) is pleased to report that it has completed a Scoping Study on development of an open-pit mining operation at the Bawdwin Project in the Shan State of Myanmar. As previously reported, MYL holds an option over the Bawdwin Project with Win Myint Mo Industries Co. (“WMM”), the Myanmar company that holds the 38 km2 Mining Concession at Bawdwin under a production sharing agreement with Myanmar state mining company, Mining Enterprise No. 1. The Scoping Study was completed by CSA Global and reported under the guidelines of the JORC Code 2012 Edition. The study is based on the updated Inferred Mineral Resource estimate for the Bawdwin Project of 75.9 Mt at 4.6% Pb, 2.3% Zn, 0.25% Cu and 119 g/t Ag reported under the JORC Code and announced on 1st December 2017. The Scoping Study is based on the development of an open-pit mining operation at Bawdwin with conventional milling and flotation circuits. The study has been completed on a project basis and does not take into account ownership or production-sharing terms. The results of the Scoping Study confirm the potential of the Bawdwin Project to be redeveloped as a large-scale mining operation with robust project fundamentals, rapid capital pay-back, ongoing positive operational cash flow, and low technical risk. The Bawdwin Project will be assessed more fully in a Definitive Feasibility Study that will be completed following exercise of the Bawdwin option. | |
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