Name of the Project
Bawdin polymetallic mine project.

Location
Myanmar.

Client
Myanmar Metals Limited (MYL) holds a majority 51% participating interest in the Bawdin project in joint venture with Win Myint Mo Industries Co and EAP Global Mining Company.

Project Description
Bawdin comprises three known lodes – China, Shan and Meingtha. The scoping study proposes the China pit as a 13-year starter pit for the project, which will fund life-of-mine infrastructure.

Phase 1 will involve mining lower- and higher-grade mineralisation in a series of cutbacks in the China pit, which contains 26%, or 21-million tonnes, of the project’s current 81.7-million-tonne indicated and inferred mineral resource.

The operation is expected to have a maximum mining rate of 8.4-million tonnes a year.

Metal recovered to concentrate is estimated at 1.01-million tonnes of lead, 80.26-million ounces of silver, 517 000 t of zinc and 30 000 t of copper. Concentrate production is estimated at 1.61-million tonnes of lead, silver and copper, and 994 000 t of zinc.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
Total capital expenditure is estimated at $191-million.

Duration
Not stated.

Latest Developments
MYL and its partners are focused on delivering the China pit as a first stage, allowing for early access to the Shan and Meingtha lodes from underground as well as openpit extensions from the China pit.

Beyond the three currently known lodes on which mineral resource estimates exist, the company hopes to define several more deposits on the Bawdin concession.

Geotechnical and resource drilling is under way, metallurgical testwork will restart shortly and an infrastructure and logistics study started in September. A prefeasibility study is expected to be completed in early 2019.

Key Contracts and Suppliers
CSA Global (China pit scoping study).

On Budget and on Time?
Too early to state.

Contact Details for Project Information
MYL, tel +61 8 6147 8100 or email info@myanmarmetals.com.