Silver - Lead - Zinc Project

Bawdwin is distinguished by the size and grade of its resources and its rich mining history. Exploration potential is outstanding with the Bawdwin deposit remaining open at depth and along-strike. Working with our local partners, Myanmar Metals Limited seeks to develop a long-life, low-cost open pit and underground mining operation on an accelerated schedule. The project is located in the Shan State of Myanmar and is strategically well positioned to access to some of the world’s largest smelters in China.


Mining of the Bawdwin resource dates back to the 15th century, with Chinese artisanal miners extracting silver from surface and near surface deposits. British underground mining of the deposit commenced in the early 1900’s under the management of Herbert Hoover, the 31st President of the United States.

Prior to the Second World War, Bawdwin was the largest producing lead mine and one of the largest producing silver mines in the world. After the Second World War the Myanmar state owned mining entity held the mining concession until 2009, when Win Myint Mo Industries Co. Ltd (WMM) acquired the rights to produce from the 38km2 Bawdwin Concession. Bawdwin has remained on care and maintenance since this time. In June 2018 Myanmar Metals Limited exercised an option to acquire a 51% participating interest in the project and the Bawdwin Joint Venture (BJV) was formed, with local partners WMM and East Asia Power (Mining) Company Limited (EAP) who each hold a 24.5% interest.

Link to BJV webiste:

Reserves and Resources

Bawdwin Ore Reserves and Mineral Resources from all domains

Classification Tonnage (MT) Pb(%) Ag (oz/t) Zn (%) Cu (%)
Proved - - - - -
Probable 18.4 6.4 5.4 3.4 -
Total Ore Reserves 18.4 6.4 5.4 3.4 -
Indicated 42.4 4.0 3.2 2.0 0.2
Inferred 58.2 4.1 3.1 1.8 0.2
Total Mineral Resources 100.6 4.0 3.1 1.9 0.2
  1. Bawdwin Ore Reserves and Mineral Resources, reported in compliance with JORC Code 2012 Edition and as announced on the ASX on 6 May 2019 and 13 February 2019
  2. Probable Ore Reserves are included in Indicated Mineral Resources
  3. Click here to access the ASX release dated 6 May 2019 for detail on the Ore Reserves, Mineral Resources and related disclosures


The Bawdwin deposit remains open along strike, at depth and parallel to strike. In 2018 the Bawdwin Joint Venture’s exploration program led to the discovery of two new mineralised systems and the identification of 7 high priority exploration targets exhibiting similar geophysical anomalies to the known Bawdwin lodes.


After completing project scoping studies in 2017 and 2018, the Bawdwin JV finalised the Pre-Feasibility Study on the first phase of mining operations at Bawdwin, the starter-pit, in May 2019. Scoping studies on the first underground mines have now commenced and will be run in parallel with further starter-pit project studies. Project studies completed to date indicate a profitable, long life, low cost mining operation can be established on an accelerated schedule.

On completion of the studies the Bawdwin JV will seek approval from the Ministry of Natural Resources and Environmental Conservation (MONREC) and Myanmar Investment Commission (MIC) for the development and operation of the mine.

Image source: Coffey-Valentis.

Development Plans

Our vision for Bawdwin is the development and operation of a large, globally significant, modern and safe mine. A phased project delivery will be employed to optimise mining productivity and expenditure. Development of the mine and processing facilities is enhanced by the substantial amount of existing infrastructure in place which where possible, will be utilised or re-purposed with modern mining and processing technologies.

Image source: Coffey-Valentis.