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Wasn't aware of this stock before but saw Mark Creasy recently became its biggest shareholder. Stock has already had a decent run - currently 8.9c. Could be one to watch, after DYOR



ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ The name of the Company was changed to Myanmar Metals Limited (ASX:MYL), the

constitution was revised and modernised, the registered office was relocated from Melbourne

to Perth and a new website was launched in September 2017

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ MYL aims to become a significant regional metals producer with a substantial asset base in

Myanmar focusing on zinc, lead, silver and copper

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ John Lamb appointed as CEO and Executive Chairman October 2017

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Share Placement completed in August 2017 raising $3m at $0.04 per MYL share to fund due

diligence activities on the world-class Bawdwin Pb/Zn/Ag/Cu mine

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Drilling results announced in September 2017, which validated historical records and tested

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“haloÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ zones adjacent to existing open pit and underground working

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Maiden JORC 2012 compliant Mineral Resource estimate announced in October 2017: 41.4

million tonnes grading 7.5% Pb, 3.5% Zn, 0.33% Cu, 178g/t Ag in the Inferred classification and

ranking amongst the worldÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s best undeveloped base-metal deposits

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ CSA Global Scoping Study to assess an open-pit mine development at Bawdwin and to provide

a basis for Myanmar Government permitting is underway and expected mid-November

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Shareholding structure beginning to mature with Mark CreasyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s Yandal Investments now the

largest shareholder after conversion of its two outstanding loans into MYL ordinary shares


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Thanks to member Neil03 who put me onto this share.

Its been a meteoric rise over the past few days, up 50%.

penny shares always carry some inherent risks, but this one carries a few extra.

Firstly, its main asset is a 50% joint venture in Myanmar.

The govt owns the other half.

The tenements are quite attractive, Myanmar was one of the highest volume producers of Lead and Silver in the early1900's.

Not exactly a sovereign stable state, but it seems to be improving( or maybe just not getting any worse?).

The fact that the govt owns half means that approvals , licenses etc will be no problem/

And pesky items like environmental effects of mining lead won't bother the govt.

There is also the attraction of Cheap labour.

In previous posts, it was mentioned that mark Creasy was the largest shareholder in the com.

This is a plus , as he is very knowledgeably and his Yandall investments vehicle has an excellent track record.

Against this, Yandal's 11% holding has been pushed back into second place behind Perilya Limited. which owns a sizeable 18%

Perilya Limited is the carcass of the Perilya mines, which was privatised by the Chinese majority owners and delisted from the ASX back in 2012.

It still operates mines in Broken Hill.

Their website looks like it is still an OZ company, but all the notices stopped in Dec 2013.

It is owned by a number of Chinese companies.

These Chinese connections will most certainly be useful in smoothing the way with the Myanmar Govt.

So, I am wondering what are the risk rewards with MYL?

If the share price fell back below 0.06 cents mark, I might take a small slice, but I think all the potential good news is factored in.

Given their cash position of 15mill, and with about 3.2 mill in expenses per quarter, they can keep going for at leat another year.

I suspect that then Perilya will inject some for funds and increase their stake in the Co.





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On 11 October, 2021, Myanmar Metals Limited changed its name to Mallee Resources Limited. Code the same MYL



from the jungle to the scrub

In Sept, Mr Lamb cast doubt on whether Yintai Gold was serious. Mr Lamb said to the best of their knowledge, Yintai has not completed its due diligence, visited the site, or contacted other mine owners.


Myanmar Metals has also received a $40.8 million offer from its joint venture partner WMM, which requires less regulatory approval, but is only 2.1¢ per share. The board is urging shareholders to accept the lower offer from its joint venture partner, WMM because it is less risky.


WMM’s offer provides shareholders with certainty and a timely exit from Myanmar and, perhaps to labour a point already made, taking the shortest path to the completion of a transaction reduces exposure to further adverse events,
Mr Lamb wrote.

Myanmar is also looking at a share consolidation would likely see a 10-for-1 consolidation to boost the trading price (its last sale was 7 cents back in February) and reduce the number of shares on issue to a more manageable 200 million.

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Who is Mallee?

â–ª Well funded explorer / developer with ~A$ 50 M. in cash and receivables and no debt

â–ª Experienced team of mining professionals

â–ª Track record in base, battery and precious metals

â–ª Ability to deal with complexity and challenges geology, metallurgy, topography, logistics, geotechnics and permitting processes

â–ª Strong environmental, social and governance principles

â–ª Supported by cornerstone shareholders Perilya Limited and Mr Mark Creasy



The future of Mallee

â–ª An asset led process to find attractive new projects

â–ª A focus on off market / non competitive opportunities

â–ª Our search process will honour our corporate DNA and prioritise quality opportunities with a favourable stage of life, commodity type and jurisdiction

â–ª MYL seeks to build a profitable and resilient business that will generate value for shareholders

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  • ShareCafe Admin changed the title to MYL - MALLEE RESOURCES LIMITED
  • 8 months later...


  • Mallee has completed the acquisition of the Avebury nickel sulphide project via a deed of company arrangement for Allegiance Mining Pty Ltd
  •  Binding agreement to acquire EL5/2020, a highly prospective exploration licence adjacent to the Melba Flats licences
  • Binding agreements reached with Hartree Metals LLC including a life of mine offtake agreement, subscription agreements for loan facilities, a hedging agreement and security documentation
  • Commencement of mining operations at Avebury
  • Processing plant refurbishment works well advanced ahead of planned Q3 commissioning
  • Prospectus to support the proposed capital raising and the Company reinstatement to trading on the ASX well advanced


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