Mayur Resources

Primary ticker: ASX:MRL
Stage of development: Exploration, Development
Commodity: Coal, Industrial Minerals, Copper, Gold
Project to promote: Mayur Resources Copper & Gold Portfolio

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Mayur Resources is a diversified industrial and precious minerals developer. It holds one of the most significant greenfield copper-gold undeveloped tenure positions within PNG with numerous tier one discovery and development opportunities at various levels of maturity. The opportunity exists to secure a low cost early entry position into these projects as a strategic or equity partner.

Management Profile

Paul Mulder – Managing Director

Mr Mulder has 23 years of successful executive management experience across
operations, project development and commercial. Paul has been the Managing Director of Mayur Resources since March 2014. Paul spent six years working for Gina Rinehart’s Hancock Prospecting Pty Ltd and its coal and infrastructure development projects. Paul was Project Director and Managing Director in leading a $15bn mine port and rail development in Queensland, Australia. Prior to that, BHP Billiton for 13 years in steel, coal and iron ore divisions in various senior management capacities.

What is your rationale for attending 121 Mining Investment?

To promote the Mayur Copper-Gold portfolio and to secure equity or strategic investor.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

To determine a forward work plan to firm up development options across the copper-gold portfolio.

6 Months:

To secure investor / raise capital that will help underpin the execution of that said work program.

12 Months:

To delineate a 3 million tonne plus copper porphyry deposit and and low capex epithermal gold targets.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Capital raise: access to upstream capital. Country brisk perception.

What do you think makes your company such a compelling investment?

Mayur’s strategy is to build and develop a diversified portfolio of resources and energy opportunities in a developing jurisdiction that:
Is geographically well positioned to take advantage of opportunities in both PNG and the wider Asia region.
Offers protection against the cyclical nature of commodities through vertical integration and downstream value add.
Comprises projects that are positioned in the first quartile of the global cost curve of comparable resource projects.
PNG is one of the least explored countries in the world with proven correlation between exploration spend and discovery. Offers some of the most exciting mineral prospectivity jurisdictions worldwide.