Perth-based Myanmar Metals has agreed to sell its entire interest in a historical lead and silver mine, impacting the likelihood of a $66 million takeover deal.
A Chinese exploration company has made a bid for West Perth-based Myanmar Metals, which is planning for an operational restart at the Bawdwin silver and lead project.
Three Perth-based listed resources companies have today announced additions and changes to their boards, with appointments including John Elkington and Bruce Goulds.
Chinese-owned mining company Perilya will take a 20 per cent stake in Myanmar Metals as part of a planned capital raising worth up to $35 million to fund its share of the Bawdwin base metals project.
Myanmar Metals has announced a $7 million capital raising that will allow the company to extend the option over its Bawdwin project until May next year and fund ongoing expenses.
Caeneus Minerals has appointed Peter Christie as non-executive director following the resignation of Michael Nottas who has served on the board for 3 years.
