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Mayur Resources Announce Quarterly Activities Report

 QUARTERLY ACTIVITIES REPORT PERIOD ENDING 30 SEPTEMBER 2019

  • Concluded a $9.7 million capital raise through underwriting of existing unlisted options with a strong uptake from current shareholders
  • Now fully funded to deliver priorities of Financial Investment Decision (FID) for Cement and Lime project, Coal Resource drilling and Orokolo Bay pilot plant establishment and commissioning for first production
  • Project funding activities for Cement and Lime project significantly advanced with identification and engagement of interested parties for both equity and debt
  • Orokolo Bay Mineral Sands Project further progressed with initial engineering program complete, and site establishment works expected during Dec 2019 quarter
  • Board assessing strategic proposals regarding a potential standalone listing of copper and gold assets
  • Annual General Meeting scheduled for 29 November 2019
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