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Mayur Resources, Quarterly Activities Report: Period Ending 31 March 2019

HIGHLIGHTS

Central Cement & Lime (CCL) Project (Flagship Project)

- Subsequent to the completion of the CCL Project DFS in January 2019 the Company has been progressing associated activities for the Mining Lease application, project funding solutions and securing product offtake agreements with customers

- Completed significant on the ground community engagement activities that are ongoing to finalise the Landowner Identification studies and consents as part of the ML application

- Developed a project funding plan with which to limit future dilution of MRL shareholders and therefore exposure to the economics of the project, that if realized represents a far superior outcome compared to MRL’s past share price and current implied market capitalisation

- Commenced project funding activity with multiple institutions and industry strategic investors now actively engaged in due diligence


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