After picking up on JL’s comparison to the Taylor deposit went and had a read of S32's presentation around the Arizona Mining acquisition – similarities between the two are very compelling.
12 months ago, the Taylor deposit had a total resource of ~72.5Mt at 1.8 Oz/t Ag, 4.4% Pb and 4.4% Zn.
Comparatively Bawdwin currently has a total resource of 82Mt at 3.8 Oz/t Ag, 4.7% Pb, 2.4% Zn plus the additional upside of the high-grade copper zones of around 3%.
As MYL’s management have highlighted previously, Bawdwin’s exploration upside is huge and this initial resource is clearly only scratching the surface.
Taking into account the project is only 45km away from the Lashio refinery (operated by MYL’s project partner East Asia Power) you would imagine offtake agreements shouldn't be too difficult either, given we are on China’s doorstep.
Can definitely see Bawdwin following the same trajectory as Taylor deposit so therefore a large acquisition isn't unfathomable.
DYO & GLTAH
MYL Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held
