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 13 February 2019, 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 13 February 2019 for detail on the resource assessment and 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, the Yegon Ridge Lode and the Meingtha Gap, and the identification of 8 high priority exploration targets exhibiting similar geophysical anomalies to the known Bawdwin lodes.
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.