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.
As at 30 June 2018, the Bawdwin project JORC compliant Indicated and Inferred Mineral Resources estimates are:
- Includes mineral resource estimates from all domains
- Click here to access the ASX release dated 2 July 2018 for detail on the resource assessment and disclosures
"Bawdwin is considered to be in a very unique position in that it may be the only 'Tier 1' scale VMS deposit in the world that has not had any modern exploration programs or modern drilling, either searching for extensions to the known deposits, or on the regional targets." (Valentis Services)
The significant exploration potential of the Bawdwin concession is highlighted by:
- —At least 30 known gossan outcrops which have similarities to the original gossans above the known lodes at Bawdwin;
- —At least 30 known historical mine adits situated outside of the known mine environs, with several exhibiting base metal sulphide intersections;
- —Multiple areas of base metals mineralisation outcropping on the concession outside of the known lodes; and
- —Base metals intersections in the small number of historical regional drill holes which were never followed up.
Exploration studies will seek to define the true scale of the Bawdwin deposit, increase the resource size from the known lodes and upgrade Inferred Mineral Resources.
Myanmar Metals Limited completed an initial Scoping Study in November 2017 and a China Pit Scoping Study in August 2018. The studies indicate a profitable, long life, low cost mining operation can be established on an accelerated schedule.
The Bawdwin JV is now working towards the completion of pre-feasibility and feasibility studies. 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.
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.