MRL - Mayur Resources

[System]

Mayur Resources is a diversified mineral exploration, development and energy company with a holding structure in Singapore and a group of subsidiaries in Singapore and Papua New Guinea (PNG) that hold various assets/projects.

Mayur is structured into three asset divisions:

1. Industrial Minerals comprising:

• Industrial Sands (titanomagnetite, construction
• and non-magnetic heavy mineral sands)
• Limestone and Aggregates

2. Copper/Gold

3. Power Generation

It is anticipated that MRL will list on the ASX during September 2017.

http://mayurresources.com

 

[Berry]

MRL has been on a trading halt the last 2 days. This morning opened at 0.45 and is currently up 15% at market open based on their latest ASX announcement of new gold projects and a reverse takeover.
https://www.asx.com.au/asxpdf/20200909/pdf/44mgcz19x66w8c.pdf

 

[frugal.rock]

A chart update

 

[peter2]

No news for two years, this must be a go'er!

Mayur Resources has recently secured a debt package to progress its Central Lime Project (CLP) near Port Moresby (PNG). Initial work has started with first production in about 18 months. CLP will initially produce low-emissions quick and hydrated lime and well as raw limestone.

There's expected to be a shortfall of lime in about 5 years. The price of quicklime has already started to rise.

Currently most of Australia's lime needs are obtained from Malaysia. PNG is much closer hence cheaper freight costs.

Keep this one on your speculative watch list for a good time soon.