ASX ANNOUNCEMENT |MYANMAR METALS | 11 OCTOBER 2017
The Board, together with CSA Global (Perth) consultant Dr. Neal Reynolds, made a technical visit to the Bawdwin mine and nearby Namtu Township where the historical mill and smelter facilities are located.
Site visit reaffirms MYL Board’s view that the Bawdwin Mining Complex represents a clear opportunity to build and develop a tier-1 base metals mine.
- Excellent existing local and regional infrastructure
- Significant scope to use some existing mine complex infrastructure to cost-effectively fast-track the development of a modern mine
- Release of JORC 2012 Mineral Resource estimate to support Bawdwin open pit mine studies expected shortly Myanmar Metals Limited (ASX: MYL) (“MYL” or “the Company”) is pleased to advise that the Board recently completed a site visit to the Bawdwin Mine in Myanmar, hosted by the Company’s in-country development partners Win Myint Mo Industries Co Limited (“WMM”).
Importantly, MYL and WMM have developed a strong and trusting relationship and are making great progress towards the shared goal of building and operating Bawdwin as a modern mine.