Ann: MYL Secures Major Myanmar Industrial to Invest in Bawdwin, page-5

EAP currently owns and operates a manganese mine and a coal mine in Myanmar. Since 2012 EAP has also managed the construction, commissioning and operations of the Lashio zinc refinery in the northern Shan State and the high grade Longh Keng zinc mine in the southern Shan State on behalf of Cornerstone Resources Myanmar Limited. Mark Creasy’s Yandal Investments is a major shareholder in Cornerstone Resources Myanmar Limited.

The entire construction and commissioning of the plant was completed on time and on budget within a two-year period. This modern EW zinc refinery commissioned in April 2015 is believed to be the only operating modern zinc refinery in South East Asia at present and is primed for expansion. The refinery has a nameplate capacity of 10,000MT of refined LME grade zinc per annum. The Cornerstone Resources zinc mine at Longh Keng and the refinery at Lashio collectively employ approximately 500 workers.