Myanmar Metals Limited (ASX: MYL), in its Bawdwin Joint Venture, has reported that Bawdwin expansion study was completed. A mining consulting firm has undertaken the assessment of the open-pit mining operations as well as underground operations.
- The expansion study has depicted two further open pit cutbacks.
- After starter pit, the second and third phases of mining at the project expected to be delivered by additional two open-pit cutbacks.
- The study underpins the JV’s reliance for a 50-year production sharing agreement.
By 1:35 PM AEDT, MYL was trading at $0.05, up by 11.11 per cent from the previous close.