Myanmar Metals (MYL) released an accelerated mine development plan for its Bawdwin Project in Myanmar (51% MYL, 49% local owners) outlining a 15,000m drill program and setting a timeline to complete feasibility studies, offtake and financing and requisite permitting. Drilling will focus on the Shan and Meingtha lodes to upgrade resources from Inferred to Indicated status. The Company also plans to test extensions to the known Bawdwin lodes, starting with electrical geophysics (IP and EM), magnetics and soil sampling. Argonaut believes this initial work will generate multiple highly prospective targets given the lack of modern exploration in the region. We highlight that historic workings and exposed metalliferous gossans span over an 8km strike (versus the current resource strike of 1.2km).
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