More lead and zinc estimated at Myanmar's Bawdwin project

MYANMAR Metals has increased indicated resources by 23% at the large Bawdwin lead-zinc opportunity located in the namesake South East Asian country, with work on completing a prefeasibility study continuing and set for completion by the first quarter of 2019.

More lead and zinc estimated at Myanmar's Bawdwin project More lead and zinc estimated at Myanmar's Bawdwin project More lead and zinc estimated at Myanmar's Bawdwin project More lead and zinc estimated at Myanmar's Bawdwin project More lead and zinc estimated at Myanmar's Bawdwin project

Indicated resources now total 25 million tonnes grading 5.1% zinc, 134 grams per tonne silver and 2.8% zinc, within total resources of 82Mt at 4.8% lead, 119gpt silver, 2.4% zinc and 0.2% copper.

Myanmar said major geophysical and drilling programs were being planned to continue to upgrade and extend resources, with areas of copper-cobalt-nickel mineralisation to also be targeted.

Scoping work looked at a 2.5 million tonne per annum open cut/underground mining scenario.

Myanmar is backed by the Chinese firm Perilya and rich Australian prospector Mark Creasy, with backing of up to US$150 million from the former for project construction a possibility.

The company completed a A$35 million raising last month that priced new shares at 6c each.

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