Australian mining firm enters Myanmar
Australian mining firm Eumeralla Resources said in an investors’ release on July 1 that it is looking to advance tin and tungsten exploration in Myanmar
it said it will venture into the country with local partner Myanmar Energy Resources Group, and both firms have jointly applied for a 400 square kilometer exploration lease in Kayah State.
Eumeralla Resources holds 70 per cent in the joint venture and Myanmar Energy the rest. The proposed lease is in an established tin and tungsten producing area, the firm said. Kayah State is also home to the Mawchi Mine in Bawlake, which was historically considered a significant source of tungsten throughout Asia.
Eumeralla said it will target the potential for a primary tin or tungsten discovery. The partners now await approvals from the Ministry of Mines and the local Kayah state government for the granting of the strategic lease area, and once approved, final sign off by the Myanmar Investment Commission is required to confirm the joint venture’s interest in the exploration lease.
Eumeralla Resources is a relatively young company incorporated in 2011 and listed at the Sydney Stock Exchange with the primary purpose of acquiring and exploring mining projects in Mongolia where it holds a license covering some 12,600 hectares to exploit tungsten and other metals.
Australian mining firm Eumeralla Resources said in an investors' release on July 1 that it is looking to advance tin and tungsten exploration in Myanmar it said it will venture into the country with local partner Myanmar Energy Resources Group, and both firms have jointly applied for a 400 square kilometer exploration lease in Kayah State. Eumeralla Resources holds 70 per cent in the joint venture and Myanmar Energy the rest. The proposed lease is in an established tin and tungsten producing area, the firm said. Kayah State is also home to the Mawchi Mine in Bawlake, which was historically...
Australian mining firm Eumeralla Resources said in an investors’ release on July 1 that it is looking to advance tin and tungsten exploration in Myanmar
it said it will venture into the country with local partner Myanmar Energy Resources Group, and both firms have jointly applied for a 400 square kilometer exploration lease in Kayah State.
Eumeralla Resources holds 70 per cent in the joint venture and Myanmar Energy the rest. The proposed lease is in an established tin and tungsten producing area, the firm said. Kayah State is also home to the Mawchi Mine in Bawlake, which was historically considered a significant source of tungsten throughout Asia.
Eumeralla said it will target the potential for a primary tin or tungsten discovery. The partners now await approvals from the Ministry of Mines and the local Kayah state government for the granting of the strategic lease area, and once approved, final sign off by the Myanmar Investment Commission is required to confirm the joint venture’s interest in the exploration lease.
Eumeralla Resources is a relatively young company incorporated in 2011 and listed at the Sydney Stock Exchange with the primary purpose of acquiring and exploring mining projects in Mongolia where it holds a license covering some 12,600 hectares to exploit tungsten and other metals.
