Nation building in Papua New Guinea

Central Cement & Lime Project

Large scale, high grade, coastal limestone deposit in PNG with opportunity for vertical integration 25km north of Port Moresby.

The proposed Central Cement and Lime (CCL) Project is a vertically integrated manufacturing facility with the ability to meet 100% of PNG’s cement, clinker and quicklime requirements, displacing imports, and penetrate nearby export markets in Australia and the South Pacific.

  • Large high grade limestone deposits 25km from Port Moresby, and 7km from the Exxon PNG LNG Refinery
  • Mining Lease granted in August 2020 (final major statutory approval)
  • DFS completed in January 2019 with very attractive economics^
  • 382 Mt JORC Resource across 2 deposits (Kido and Lea Lea), including 205 Mt Measured sufficient to supply raw materials for a multi-generation cement and lime factory^
  • 25 year Environmental Permit secured
  • MOU signed with PNG’s National Oil and Gas Company Kumul Petroleum for gas supply*
  • Import replacement and export market penetration opportunities identified for quicklime, cement and clinker products
  • Co-located quarry, plant site and deep draft wharf will enable very low operating costs while providing direct access to both seaborne domestic and export markets

^  for further detailed information on the DFS and associated JORC Resources refer to ASX announcement dated 24 January 2019 – ‘DFS complete for Central Cement and Lime Project

Location of Port Moresby Limestone Project in EL2303

Artists impression of proposed CCL project

PNG LNG Project 7kms from Mayur’s Limestone Deposits

Drilling at Port Moresby Limestone Project

Crushed limestone

Drill core from Port Moresby Limestone Project