Mayur Resources (ASX:MRL) lodges Orokolo Bay lease application
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Mayur Resources (MRL) has progressed its Orokolo Bay Project by officially lodging a mining lease application for the asset
Orokolo Bay is located in Papua New Guinea and represents one of the country s first iron and industrial minerals projects
Mayur is planning to produce vanadium titano-magnetite (VTM), dense medium separation magnetite, high-grade silica construction material and zircon rich heavy mineral concentrate
The company will now await for project approval from the PNG Government, stating the application was the final step to making Orokolo Bay shovel-ready