SUBSTANTIAL INCREASE IN BAWDWIN INDICATED MINERAL RESOURCE ESTIMATE Highlights 23% increase in Indicated Mineral Resource estimate Indicated Mineral Resource is now 24.8 Mt at 5.1% Pb, 134g/t Ag, 2.8% Zn and 0.2% Cu (0.5% Pb cut-off above 750m RL, 2% Pb below 750m RL), an increase of 4.7 Mt over the Indicated Mineral Resource estimate announced on the 21st May 2018. Updated Indicated and Inferred Mineral Resource Estimate of 82.0 Mt at 4.8% Pb, 119g/t Ag, 2.4% Zn and 0.2% Cu, (0.5% Pb cut-off above 750m RL, 2% Pb below 750m RL). At a 2% Pb cut-off for both deep and shallow mineralisation, the combined Indicated and Inferred estimate is largely unchanged with 44.5 Mt at 7.8% Pb, 180g/t Ag, 3.7% Zn and 0.3% Cu (global 2% Pb cut-off); this represents the high grade ‘core’ mineralisation that is enveloped by lower grade ‘halo’ mineralisation. This update incorporates all drill holes from the 2018 drill program. BWDD005 intersected a 37 m downhole width (approximately 6 m true width) of mineralisation (34-71 m) with elevated copper-cobaltnickel mineralisation; new drilling is being planned to further define areas of copper-cobalt-nickel rich mineralisation. The Company’s focus is now firmly on the completion of a Prefeasibility Study. Major geophysical and drilling programs are being planned to continue to upgrade Mineral Resource classification and for Mineral Resource extension.
MYL Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held