Mayur Resources

Primary ticker: ASX:MRL
Stage of development: Exploration, Development
Primary minerals: Energy, Mining, Industrial Minerals, Lime, Cement
Project to promote: Orokolo Bay Mineral Sands, Port Moresby Cement & Limestone, Lae Power, Depot Creek Coal

Live financials

Mayur has one of the largest tenement holdings in Papua New Guinea (PNG) that includes one of the most extensive mineral sands provinces globally.
This comprises a pipeline of exploration and near production projects
All Mayur projects and associated tenements have been strategically selected in favourable locations for access and logistics.
Mayur has a proven and experienced board and management team having led and transacted multi-billion dollar resource projects in a variety of jurisdictions

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?

The purpose of attending are

1. We are seeking market support
2. We are seeking equity partners both financial and strategic

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

3 Months

Central Cement and Lime project (CCL)

Submit Mining Lease application
Secure Offtake partners
Secure Equity partners
Appoint debt advisors
Commence negotiations on fiscal support package

Orokolo Bay Project

Complete Resource drilling
Complete pilot plant design
Commence pilot plant equipment procurement

Coal Project

Secure drilling funding partner
Commence drilling

6 Months

Central Cement and Lime project (CCL)

Finalise funding and investment Terms
ML granted
Fiscal support package negotiations completed
Finalise EPC contract

Orokolo Bay Project

Complete Resource modelling
Commence pre mobilization construction works

Lae Enviro Energy Park (EEP)

Secure PPA
Finalise EPC bids
Complete fiscal support package

Coal Project

Conclude drilling and analytical work
complete Resource modelling

12 Months

Central Cement and Lime project (CCL)

Appoint EPC
Commence pre construction works

Orokolo Bay Project

Complete pilot plant construction
Commence pilot plant production

Lae Enviro Energy Park (EEP)

Appoint EPC

Coal Project

Complete DFS

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

No unusual risks
Project Funding is always challenging

In a sentence, 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.