Mayur Resources is developing an industrial minerals, copper gold and power generation platform in Papua New Guinea (PNG) that will contribute to nation-building and job creation for PNG and its people. Mayur is structured into three asset divisions as follows:

Industrial Minerals

Mayur’s industrial minerals project portfolio includes the Orokolo Bay Industrial Sands Project that encompasses fine grain construction sands, vanadium titano magnetite (VTM) (iron sands), zircon and other valuable heavy minerals. The other key project in this portfolio is the Port Moresby Lime Project that involves development of large scales, high grade lime deposits together with downstream vertical integration opportunities for quicklime, clinker and cement; none of which is currently produced in PNG, hence this would target both import replacement and also penetration of regional export markets.

Copper and Gold

PNG is regarded as one of the world’s most prolific regions for the discovery of world class copper and gold projects. Mayur’s projects are located in the well-known discovery zones of the Owen Stanley fold belt and the Lihir volcanic arc adjacent to some of the region’s largest gold and copper projects and are strategically positioned in coastal / island locations or near road access.

Power Generation

Mayur’s power generation platform involves the development of new multi fuel power generation facilities that will deliver much-needed cleaner, more reliable and affordable power for PNG. These will be delivered as part of Mayur’s Enviro Energy Park (EEP) concept which will utilise traditional and renewable fuel sources (including domestically sourced coal), with the first project planned for PNG’s major industrial hub and port city of Lae. In the longer term, the company’s vision includes development of domestic coal and magnetite iron ore deposits, into a vertically integrated iron and steel industry for Papua New Guinea.