Resource explorer Myanmar Metals (MYL) maintains it’s in a strong financial position in the face of the global COVID-19 pandemic MYL holds substantial cash reserves and has no debts owing — meaning the company can still progress its Bawdwin project with minimal disruption MYL is in the process of attaining a 50-year mining lease, pending […]
Myanmar Metals (ASX: MYL) Bawdwin Project could go underground
January 9, 2020 by
Myanmar Metals (MYL), with its partners in the Bawdwin Joint Venture, has announced the expansion study has been completed at the Bawdwin Project. The Bawdwin Project will be delivered in phases to optimise the mine’s operating performance and minimise capital and operating costs. Mining consultant Cube has undertaken an assessment on the merits of underground […]
Myanmar Metals eyes $30m raising
May 29, 2019 by
The Mark Creasy-backed Myanmar Metals is raising $30 million for its flagship Bawdwin project in the South East Asian country. The polymetallic explorer is raising $20.8 million in a discounted placement priced at 6.5¢, along with $9.2 million in a one-for-nine rights issue. The cash will be used for a definitive feasibility study, further drilling, […]
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