Pacific Lime and Cement Limited has reported progress on its December 2025 Quarterly Activities and Cash Flow, confirming that its Central Lime Project (CLP) in Central Province remains on schedule and within budget. The company continues to target first production within its planned 18-month development window, aiming for early 2027.
Quarterly Activities and Cash Flow Overview
During the quarter, construction momentum accelerated across civil works, access infrastructure, wharf works, camp and support facilities, and early kiln foundation preparation. Physical progress remains marginally ahead of baseline, with forecast costs tracking in line with the approved budget. The company reported no lost-time injuries during the quarter.
Key highlights for the December 2025 quarter include:
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CLP Construction on Schedule: Bulk earthworks, drainage, platform formation, and kiln foundation preparation advanced well. Geotechnical investigations were completed, and foundation drawings were issued to allow procurement of reinforcing steel and formwork.
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Access Road and Bridges: Construction progressed materially on the 27.6-kilometre road linking the project to Port Moresby. Reinforced concrete culverts were installed, two modular steel bridges were procured for river crossings, and bridge abutment installation is scheduled for early 2026.
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Wharf Development: Stage 3 of the dedicated wharf progressed into procurement as the design reached substantial completion. The port remains operational and able to accept vessels during construction.
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Heavy Equipment Mobilisation: 30-tonne and 150-tonne cranes arrived on site, supporting piling, batch plant, and foundation works. A concrete batch plant was delivered and assembly commenced, alongside fuel storage, power generation units, and a mobile fleet workshop.
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Camp and Support Infrastructure: Stage 2 modular accommodation mobilisation continued, and office, kitchen, and laundry facilities advanced. Camp foundations were completed ahead of installation.
Commercial and Strategic Progress
The company delivered quicklime to Western Australian gold producers via its newly established logistics hub, demonstrating early operational capability. Pacific Lime also formalised its Project Development Agreement (PDA) with the Government of Papua New Guinea at PNG Investment Week and entered a strategic partnership with the International Finance Corporation (IFC) to advise on technical, commercial, and ESG aspects of the Central Cement Project.
A strategic partnership with PowerChina (SinoHydro) was signed to accelerate development of the Orokolo Bay Industrial Sands Project (magnetite). The company also advanced renewable energy initiatives, including feasibility studies for a solar photovoltaic and battery storage system in PNG, supporting its broader low-carbon strategy for the construction, mining, and resources sectors.
Pacific Lime commenced trading on the PNG Stock Exchange in December 2025 under the ticker “PLC,” expanding access to local investors.
Cash Flow and Financial Position
While the company did not disclose exact cash flow figures in the quarterly report, PLC confirmed that project expenditure remained within the approved budget and that forecast costs for the CLP are aligned with financial planning. Disciplined risk and opportunity management, local workforce deployment, and improved logistics coordination have underpinned construction efficiency and financial control.
Outlook
Early-2026 priorities include completion of Kiln 1 foundations and upper concrete structures, continued road and bridge construction, and assembly of batch plants and heavy lifts. The Central Lime Project continues to integrate a quicklime plant, international wharf, quarry, and supporting infrastructure. Pacific Lime remains committed to community engagement and internationally recognised Environmental, Social, and Governance (ESG) standards.
The company aims to deliver high-quality, lower-cost, and sustainable building materials for Papua New Guinea and the wider Asia-Pacific region while maintaining a disciplined, on-budget development schedule.
