ArgonautArgonautArgonautArgonaut
  • About Us
    • Business Model
    • Regulation
    • Community
    • Jason and the Argonauts
    • Disclaimer and Disclosure
    • COVID-19 Visitor Requirements
  • Corporate Finance
  • Stockbroking & Research
    • Stockbroking
    • Research
    • Best Execution Policy
    • Administration Forms
    • Open an Account
  • Special Situations
  • News
    • Latest News
    • Morning Notes
    • Latest Research
  • Contact
    • Careers
      • Advisers
      • Graduate Program
      • Internship Program

Myanmar Metals (MYL) – Significant Resource Upgrade

    Home Latest Research Myanmar Metals (MYL) – Significant Resource Upgrade
    NextPrevious

    Myanmar Metals (MYL) – Significant Resource Upgrade

    By admin | Latest Research | 0 comment | 14 February, 2019 | 0

    Myanmar Metals Logo

     

    Myanmar Metals (MYL) released a resource upgrade for the Bawdwin polymetallic deposit in Myanmar (51% MYL). Total resources increased by 15% to 94.2Mt @ 3.4oz/t Ag, 6.3% Zn+Pb and 0.2% Cu. This update included a significant confidence upgrade to the high-grade core (45.0Mt @ 5.7oz/t Ag, 10.7% Zn+Pb and 0.3% Cu) with 40% now in the Indicated category. Importantly, newly discovered mineralisation in the Yegon Ridge and Meingtha Gap zones was not incorporated in this resource and add significant upside for future updates. A PFS on the Bawdwin deposit is due for completion in early April and will likely be accompanied by a Maiden Reserve. MYL recently strengthened its Board with the appointment of former Mineral Resources (MIN) CFO Bruce Goulds. We see Mr Gould’ as a valuable addition which should contribute an ethos of innovation which was key to MIN’s success. SPEC BUY recommendation maintained with a $0.20 target price.

    To access our Myanmar Metals report please log in under the Client Area Log In at the bottom of this page.

    Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.

    If you would like to access our research please contact us to create an account.

    Perth:
    clientservices@argonaut.com
    +61 8 9224 6888

    Hong Kong:
    clientserviceshk@argonaut.com
    +852 3557 4888

     

    No tags.

    NextPrevious
    • About Us
      • Business Model
      • Regulation
      • Community
      • Jason and the Argonauts
      • Disclaimer and Disclosure
      • COVID-19 Visitor Requirements
    • Corporate Finance
    • Stockbroking & Research
      • Stockbroking
      • Research
      • Best Execution Policy
      • Administration Forms
      • Open an Account
    • Special Situations
    • News
      • Latest News
      • Morning Notes
      • Latest Research
    • Contact
      • Careers
        • Advisers
        • Graduate Program
        • Internship Program
    Argonaut

    Argonaut | The Natural Choice in Resources.
    © 2022 Argonaut.

    Corporate Finance
    Stockbroking & Research
    Contact Us

    Argonaut | Perth

    Level 30, Allendale Square, 77 St Georges Terrace Perth, WA, 6000 Australia

    clientservices@argonaut.com

    ABN 72 108 330 650

    Argonaut | Login

    Client Area Help
    Register for Access to Client Area
    Privacy Policy
    Financial Services Guide 
    Website Disclaimer

    Copyright 2022 | Website ⚡ by Start Digital