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Myanmar Metals finalises name change and sets focus to Bawdwin Mine

Published: 10:38 01 Sep 2017 AEST

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The Bawdwin Mine is a Tier 1 asset

Myanmar Metals Ltd (ASX:MYL) has now completed its name change from Top End Minerals.

Myanmar Metals has an option to take an interest of up to 85% of the Tier 1 Bawdwin Zinc-Lead-Silver-Copper Mine in Myanmar.

The Bawdwin lease covers 38 square kilometres and includes the historical Bawdwin Mine as well as a large halo of lower-grade material, some of which is amenable to open pit mining.

The historical Bawdwin Mine was reputedly one of the richest mines in the British Empire before World War II.

The mining reserve in 1938 was reported at 10.8 million tonnes at 14% zinc, 23% lead, 1% copper and 670 g/t silver.

Myanmar Metals is currently progressing technical, commercial and legal due diligence along with its partner and current owner Win Myint Mo Industries Co Ltd.

The mine provides the company with an outstanding opportunity to develop into a regionally significant producer of lead and zinc in the current tight global market for these commodities.

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