Mayur Resources Limited Finishes Test Work
Mayur Resources Limited has finished independent test work, confirming the production of quality quicklime at it's Central Cement and Lime (CCL) project.
Managing director Paul Mulder said that the ability of Mayur to come out with low impurity and high-grade quicklime supported the market appeal of the project.
“The Central Cement and Lime Project not only has the potential to meet 100 per cent of PNG’s quicklime requirements but also provides direct access to Australian and other South Pacific export markets for use in various applications and sectors including the key end-user markets of gold, nickel and alumina processing,” Mulder said.
A couple of months ago, the government awarded Mayur a 20-year mining lease for the project.
In its annual report, the company said that it is raising US$350 million (K1.23 billion) to finance its projects and that the structural shifts in the lime industry of Australia give an important export market opportunity. The grant served as the final statutory approval required to start the construction of the facility.
Mayur chairman Rob Neale said that the mining lease grant was one of the milestones of the company since 2017.