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11th May 2016
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Eumeralla Resources Limited was incorporated on 19th January 2011 for the primary purpose of acquiring and exploring mining projects in Mongolia. The company has recently extended its focus to Myanmar. The company has a strategic vision of discovering commercially significant mineral deposits. The initial metals focus will be on tin and tungsten, although other commodities may be targeted in the future.
Eumeralla is working with three separate local partners to acquire high quality tin and tungsten concessions in Myanmar. The biggest and most recent is a joint venture with local conglomerate, Myanmar Energy Resource Group (MERG) on an 400km² 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. We await confirmation from the Ministry of Mines and other relevant authorities on the success of the application.
Through its wholly owned Singaporean subsidiary, Eumeralla Resources Pte Ltd, the Company acquired all of the issued capital in Centreville LLC (Centreville). Centreville is a Mongolian incorporated company and holds granted Mongolian minerals exploration license XV-015591 for tungsten and other metals (License). The License is located in north-eastern Mongolia approximately 20 kilometres north of the town of Dashbalbar, 850 kilometres north-east of Ulaanbaatar and 85 kilometres north-west of the Solowevsk-Choibalsan railway. The area forms part of the Dornod-Mongolian steppe region. The License covers 12,657 hectares and encompasses the historical Chuluun Khoroot tungsten mine which was active during the period of 1945-1955. The Company intends to undertake further exploration with the aim of evaluating the tungsten potential of Chuluun Khoroot as well as exploring adjacent areas of mineralisation within the License.