Mayur Resources is a diversified mineral exploration, development and energy company operating in Papua New
Guinea (PNG) across the following divisions:
(a) Industrial Mineral Sands (construction sands, magnetite sands, heavy mineral sands)
(b) Lime and Cement. The company is undertaking a DFS which contemplates the quarrying of high grade limestone together with the development of a vertically integrated downstream processing quicklime and
clinker / cement plant for domestic (import replacement) and export markets.
(c) Copper and Gold. The Company holds the Feni Island Project in New Ireland Province as well as the prospective Basilaki/ Sideia project in Milne Bay Province
(d) Power Generation.
(e) Coal Exploration. The Company holds a portfolio of exploration licenses in Gulf Province that includes the
Depot Creek Coal project.
Mr Tim Crossley – Executive Director
Mr Crossley has extensive experience as a director and mining executive, having operated some of Australia’s largest mining businesses including roles as Deputy CEO of ASX-listed Gloucester Coal, and President and Chief Operating Officer (COO) at BHP Billiton’s West Australian Iron Ore business.
Tim also held the position of Executive General Manager of carbon steel materials for Gina Rinehart’s Hancock Prospecting Pty Ltd’s Roy Hill project. Tim has also held senior roles in BHP’s manganese business and metallurgical coal business and was a Director in ASX-listed VDM Group.
Tim is also a former President of the Northern Territory Minerals Council and Executive Chairman of Trans-Tasman Resources.
What is your rationale for attending 121 Mining Investment?
Seeking to introduce Mayur to new investors, make them aware of the Mayur story and investment ready when we want to raise capital
What recent news would you like to highlight to investors attending?
China Titanium Resources Holdings to provide up to US$25m for development of Orokolo Bay Industrial Sands Project – Pilot Plant & Full Scale Operation
MOA signed with Morobe Provincial Government for Lae Project
EPC Tenders Issued – Port Moresby Lime and Cement Project
Industry Veteran Appointed CEO of Lime & Cement Business
Pre-drilling work completed at Feni Copper Gold Project
Drilling programme completed across industrial sands portfolio
What are your key goals for the next 3, 6 and 12 months?
Complete DFS for lime and cement project, commence drilling at Feni Island, finalise PPA with PNG power, commence equipment purchase for Orokolo project, commence drilling on coal project
Secure ML for lime and cement project, commence construction Orokolo, drilling in progress Feni island, drilling in progress at coal project
FID lime and cement project, FID Power project, release JORC coal and Feni island
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Financing particularly equity is always a challenge for pre production companies
In a sentence, what do you think makes your company such a compelling investment?
Diversity (mix of energy , traditional minerals and industrial minerals), scaleability , management