Mayur strikes deal to secure remaining coastal coal tenure in PNG

COMPANY ANNOUNCEMENT 

Mayur strikes deal to secure remaining coastal coal tenure in PNG

15 May 2015

Mayur Energy has agreed a 2 year exclusive option agreement with neighbouring tenement holder in Gulf Province that now sees Mayur Energy control the entirety of the 120km strike of coal measures in coastal Gulf Province. This now enables Mayur Energy to develop and deliver a coordinated exploration programme of work to develop coal prospects in PNG across the region with an aim to delineate and expand JORC resources and deliver a maiden PFS in the next 6 months.