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    MYL   AU000000MYL5

MALLEE RESOURCES LIMITED

(MYL)
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Myanmar Metals Limited Provides Bawdwin Technical Update - Mining Optimization

04/19/2021 | 11:03pm EDT

Myanmar Metals Limited provided a summary of a mining optimisation completed as part of the feasibility study works. This information is provided within the context of the Company undertaking a strategic review in relation to its interest in the Bawdwin project, as announced on 16 March 2021. Bawdwin's JORC (2012) compliant Indicated Mineral Resources were used as the basis for an open-pit optimisation process to define Phase 1 of mining at Bawdwin (the "Starter Pit"). Input parameters provided by technical consultants and the Bawdwin Joint Venture ("BJV") enabled the generation of a series of open-pit shells. A methodical evaluation of the pit shells resulted in the selection of a final pit shell to be used as the basis for an open pit mine design. While the optimisation was based on the JORC (2012) compliant Indicated Mineral Resources this announcement does not constitute a Feasibility Study as defined in the JORC Code and the Company does not declare an Ore Reserve. Financial estimates which rely on the Production Sharing Agreement (PSA) fiscal terms cannot be determined at this time as the PSA negotiations are incomplete. The Company's investment in the Bawdwin project is exposed to a number of significant risk factors. These risk factors include the current very high level of political instability in Myanmar.


© S&P Capital IQ 2021
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Financials
Sales 2021 - - -
Net income 2021 -8,64 M -6,47 M -6,47 M
Net cash 2021 10,6 M 7,94 M 7,94 M
P/E ratio 2021 -15,1x
Yield 2021 -
Capitalization 133 M 99,7 M 99,6 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 61,9%
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Mallee Resources Limited Technical Analysis Chart | MYL | AU000000MYL5 | MarketScreener
Income Statement Evolution
Managers and Directors
John Lamb Executive Chairman & Chief Executive Officer
Rowan Saint John Caren CFO, Secretary & Executive Director
Jeffrey John Moore Executive Director
Paul Erwin Albert Arndt Non-Executive Director
Boon San Teo Non-Executive Director
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