MYL 0.00% 7.0¢ myanmar metals limited

SUBSTANTIAL INCREASE IN BAWDWIN INDICATED MINERAL RESOURCE...

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    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.
 
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