Eumeralla Resources’ 70%-owned Myanmar subsidiary Mawsaki Mining continues discussions with Myanmar’s Department of Geological Survey and Mineral Exploration (DGSE) aimed at finalizing the exploration permit for its Mawchi Tin and Tungsten Project.
Mawsaki received approval from the Kayah State Government approval for its exploration permit on October 29, 2014, and since then has held numerous meetings with DGSE aimed at finalizing the agreement regarding the terms and conditions of the exploration area.
During the June quarter Mawsaki progressed with the process towards being granted the required approvals to clear the way for consideration of the proposed exploration terms and conditions by Cabinet of Union Government of Myanmar.
This approval process is the next step following the successful negotiations over the licence area with the Office of Chief Minister, Kayah State Government, Chief Minister, Ministry of Forest and Mines, both the State Forest Department and State Land Records Department in Loikaw and Office of Township Administration, Hpahsaung.
Eumeralla understands that approval by the Union Government will be the final step in the approval process.
Eumeralla is an emerging ASX-listed metals explorer. The company was listed on the ASX on May 3, 2012 for the primary purpose of acquiring and exploring mining projects initially in Mongolia and more recently, Myanmar. The company’s strategic vision includes discovering commercially significant minerals deposits.
In Myanmar, the company has three separate JV partners with applications pending for several mining leases. The biggest and most recent is a joint venture with local conglomerate, Myanmar Energy Resource Group (MERG) on a 400sqkm tin and tungsten concession in Kayah State. The proposed lease is in an established tin and tungsten producing area. Based on historical data and geological mapping, the company believes this concession has the potential for a primary tin or tungsten discovery. The company understands that if granted, this concession will be one of the largest foreign owned in Myanmar and first under the new mining laws.
In Mongolia, the licence covers an area of 12,657 hectares and encompasses the historical Chuluun Khoroot tungsten mine, which was active during the period 1945-1955. The licence area is in northeast Mongolia, about 20km north of the town of Dashbalbar, 850km northeast of Ulaanbaatar and 85km northwest of the Solowevsk-Choibalsan railway.