Mayur Resources Ltd (ASX:MRL) MD Paul Mulder speaks with Proactive soon after announcing the company has signed a term sheet with Vision Blue Resources - a clean energy related investment firm led by Sir Mick Davis. It’s for an investment of US$40 million for a 49% equity share in MRL’s Central Lime Project in Papua New Guinea. He says the proposed investment will be sufficient to satisfy the total equity funding required for completion of the project’s development and construction works, implement onsite carbon reduction initiatives and enter commercial production. The project is fully permitted and construction began in June this year with early revenues expected in the first half of 2024.
Mayur Resources welcomes $40 million Vision Blue investment
