Committed to operating as an ethical and sustainable resource producer in Myanmar.
Myanmar (formerly Burma) hosted some of the biggest mines in the world in the early 20th century. Its mining history dates back many centuries, but it has mostly gone unexplored, by modern global standards, for more than 50 years. It is widely considered to have potential for more world-class resource discoveries.
Unity Energy & Resources (Unity) is currently exploring at a number of projects in Myanmar. High-grade copper, copper-gold and silver-lead-zinc are found at numerous small or abandoned mines and occurrences in Unity’s projects. Granted permits are held in geological settings analogous to the world-class Bawdwin Mine. Unity also has joint ventures with local companies, including at the Bawsaing mining area, home to multiple extensive silver-lead-zinc mineralised structures. A thermal coal project may also serve the Myanmar domestic and/or nearby Chinese markets.
Unity is a company registered in Singapore. Unity’s strategy is to explore and develop quality mineral resources projects in Southeast Asia, commencing with Myanmar.
Unity was one of the first-movers amongst foreign companies to take advantage of Myanmar’s political and economic liberalisation over recent years. Unity commenced assessment of mineral projects in Myanmar in 2014 and has examined more than 100 projects in different parts of the country. After making discerning applications based on this work, and following changes to Myanmar’s Mining Laws, Unity is gratified to have its four initial Exploration Permits amongst the first to now be granted, in July 2019.
Unity has several other Exploration Permit applications in Myanmar, and has formed joint ventures with local mining companies in highly prospective regions, including the Bawsaing silver-lead-zinc mining area, considered to be second only to Bawdwin currently being developed by Myanmar Metals Ltd (ASX:MYL).
Unity has established a permanent office in Yangon, the largest city and the financial capital of Myanmar, and has built up a highly experienced management and technical team with many years of geological and local experience. The Yangon office is administered by Myanmar citizens and has employed additional local Myanmar technical and office staff.
Myanmar has a world-class mineral endowment, with some areas mined for centuries and mines such as Bawdwin (silver-lead-zinc) and Mawchi (tin) having been amongst the richest in the world. However, after 60 years of isolation, the country (larger than neighbouring Thailand) has had minimal deployment of modern exploration and mining methods. Many regions have had no modern exploration, and many known deposits remain underexplored and undeveloped. Unity’s projects have had little or no prior drilling or geophysical surveying conducted on them.
Unity is a genuine early-mover into Myanmar and after years of persistence, and with a systematic boots-on-the-ground fieldwork approach, the Company is ramping-up to explore its granted permits and joint venture areas, with mapping, sampling, drilling and geophysical surveying.
Unity’s current focus is on copper-gold, silver-lead-zinc and thermal coal projects.