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Mayur Resources Ltd.
Summary
| Project: | Central Lime and Cement | |
|---|---|---|
| Deposit: | Lea Lea, Kido | |
| Location: | Papua New Guinea | |
| Commodities: | Limestone | |
| Date: | 1/24/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 24-1-2019: Mayur Resources Ltd. announces a Feasibility Study report for its Lea Lea, Kido deposit at the Central Lime and Cement project. DFS results incl. post-tax NPV of US $352M, IRR of 23.9%, 30yr LOM, Initial reserve. Mayur Resources Ltd (ASX:MRL | |
| Resources: | (Reserve, Prob.): 78Mt limestone contained | |
| CP/QP: | [Resources]: Rod Huntley (Groundworks Pty Ltd.) | |
| ABSTRACT: | Mayur Resources Ltd (ASX:MRL) (the Company) is pleased to advise it has completed the Definitive Feasibility Study (DFS) for the Central Cement and Lime Project (the Project), located 25 km north of Port Moresby, PNG as shown in Figure 1. The Project anticipates the quarrying of extensive limestone deposits and the downstream production of clinker, cement and quicklime for both domestic and export markets. The Project also includes the construction of supporting infrastructure including a dedicated power station and sole purpose marine wharf facility adjacent to the plant site that will provide significant operational and logistical advantages. The robust outcomes from the DFS have incorporated the outputs from an EPC (engineering, procurement and construction) tender process initiated in late 2018, and other project DFS engineering and development activities completed over the last 18 months2. This outcome now provides a strong platform for the Company to submit its application for a Mining Lease for the quarrying operations, and complete the next steps of detailed engineering design, product offtake and project financing that will enable a financial investment decision and a target commencement of construction by late 2019. | |
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