The company said that the scoping study demonstrates a technically and financially viable project based on assumptions adopted for the purpose of the study.
Myanmar Metals (ASX:MYL) has reported that it has completed a scoping study based on the indicated and inferred resources from the China Lode of the Bawdwin lead-zinc project in Myanmar.
According to the release, the China Pit scoping study has been prepared by CSA Global with input from the company and reputable industry consultants. The scoping study demonstrates a technically and financially viable project based on assumptions adopted for the purpose of this study.
As highlighted in the press release:
- Scoping study for the first open pit at Bawdwin has been completed, targeting the indicated mineral resources of the China lode
- The China Pit is a 13 year ‘starter pit’ for the Bawdwin project that funds life-of-mine infrastructure while consuming only 26 percent of the current indicated and inferred mineral resources
- Pits on the Shan and Meingtha lodes, and an underground mine targeting Shan, Meingtha and China lodes, are anticipated to follow the China Pit but have not been considered in the scoping study
- The scoping study indicates the potential to develop a low cost open pit mining operation in an accelerated time frame, with rapid payback of the life-of-mine infrastructure for future open-pit and underground mining operations.