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Papua New Guinea: the next global resource capital? SubscribeBe the first with the news that moves the market When it comes to global mining darlings, countries like China, Australia, and South Africa have dominated the world stage. However, just north of Queensland resides a small country piquing worldwide interest. Papua New Guinea is being eyed by some of the biggest players in the mining game as a new hotspot for resource opportunities. A steady rebuild In reality, mining in Papua New Guinea has been going on since the early 19th Century. It was a slow build-up for the small country, but the 1960s brought with them a porphyry copper boom in the country. ....
Small cap mining duo launch raisings Save Share Listed resources outfits Lucapa Diamond Company and Mayur Resources both landed in front of small cap mining fund managers on Thursday morning seeking fresh funds. There were a couple of mining companies seeking cash injections on Thursday. Louise Kennerley Diamond producer Lucapa had Ashanti Capital in its corner â with co-manager help from Foster Stockbroking â for a $17 million two tranche placement to buy another diamond project. Shares in the offer were being sold to fund at 0.5¢ each, which represented a 9.1 per cent discount to the companyâs last close and a 19.5 per cent discount to its 30-day VWAP, according to terms sent to funds. ....
Mayur Resources (ASX:MRL) appoints COO for cement & lime business SubscribeBe the first with the news that moves the market Mayur Resources (MRL) has appointed a Chief Operating Officer (COO) for its cement and lime business Trent Alexander will lead Mayur Industrials and help develop the company s Central Cement and Lime (CCL) Project in Papua New Guinea The new COO bring almost two decades worth of experience to the role, including stints at Brickworks, Hanson, Adelaide Brighton and Orica MRL MD Paul Mulder welcomed the appointment, stating it was an opportune time to advance the quicklime plant Shares in Mayur Resources are trading down 6.52 per cent at 21.5 cents ....
Mayur Resources’ (ASX:MRL) spinout intersects high-grade gold SubscribeBe the first with the news that moves the market Mayur Resources (MRL) gold and copper spinout, Adyton Resources, has reported high-grade gold intercepts during drilling at the Gameta Gold Project The company still owns 43 per cent of the spinout, which is listed on the TSX and is focused on exploring Papua New Guinea-based assets Best results from Adyton s diamond drill campaign at Gameta include 27 metres at 4.38 g/t gold including 4.3 metres at 12.3 g/t gold This program is designed to support previous historic drill results from the area, and the company has labelled these first results as exciting ....