What Mayur Resources does

Mayur Resources is the firmographic entity recorded as an Australian-domiciled (Brisbane-based) energy and resources company with an ASX listing (referenced ticker asx:MRL). The principal operational narrative across supplied sources centres on Pacific Lime and Cement (PLC, ASX: PLA), a publicly listed building materials developer operating from Port Moresby in Papua New Guinea. PLC is constructing the Central Lime Project (CLP) — a flagship quicklime venture targeting first production in 2027 — alongside the Central Cement Project (CCP) and the Orokolo Bay Project. Both CLP and CCP sit inside a 100% owned and controlled Special Economic Zone located 24km from Port Moresby and adjacent to a US$18 billion LNG facility, which delivers substantial fiscal incentives, coastal logistics advantages, and proximity to PNG's industrial core.

Core technology centres on quarrying high-quality limestone, calcining it through quicklime kilns, and distributing product via a purpose-built international wharf, supported by roads, bridges and on-site community infrastructure. The business model is B2B industrial supply: quicklime and cement sold under negotiated, quote-based contracts to enterprise customers — primarily PNG's major gold miners and nickel producers who currently import 100% of their lime requirements from Southeast Asia. PNG's annual lime demand of 250-300,000 tonnes is positioned as a classic import-replacement opportunity, with Phase 1 capacity calibrated to 70-75% of that volume.

Stage 1 of CLP is fully equity funded via an October 2024 institutional raise led by ACAM (approximately A$33.4 million in aggregate across two transactions on the same day). Management has guided that the expanded lime and cement operations, once fully ramped, are expected to generate approximately A$160 million in EBITDA, with material cashflows earmarked for growth capital and dividends. The strategic positioning rests on three reinforcing advantages: in-country cost advantage versus inland Asian competitors, regulatory moat from SEZ fiscal incentives, and a distribution footprint anchored to coastal port infrastructure. The supplied financials flag as unreliable (multi-trillion-dollar denominated figures inconsistent with a pre-production lime project) and are therefore not relied upon for current scale assessment; the company is treated as pre-revenue until the 2027 commissioning milestone.

Name

Mayur Resources

Legal name

Pacific Lime and Cement

Website

https://mayurresources.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Mayur Resources, via its Pacific Lime and Cement operations (ASX: PLA), is developing the Central Lime Project in Papua New Guinea — a coastal quicklime and cement complex inside a 100% owned Special Economic Zone, targeting 2027 first production to supply PNG's gold and nickel miners and replace Southeast Asian lime imports.

Ownership category

akta.pro rank

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Operations, Personnel

Revenue model

1. Lime and Cement Product Sales: Revenue from manufacturing and selling quicklime and cement products to industrial customers in PNG and the Pacific region. The expanded lime and cement businesses are expected to generate circa $160m in EBITDA.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Mayur Resources is a publicly listed energy and industrial minerals company developing copper-gold, power generation, and building materials assets. Through its subsidiary Pacific Lime and Cement (PLC), it is developing a flagship quicklime operation (Central Lime Project) and an integrated cement project (Central Cement Project) in Papua New Guinea, targeting first quicklime production in 2027 to replace imported lime for PNG's gold and nickel mining industries.

Product overview

Pacific Lime and Cement (PLC) operates as a building materials company developing a portfolio of lime and cement products in Papua New Guinea. The company's product portfolio centers on two flagship integrated projects: the Central Lime Project (CLP) producing quicklime, and the Central Cement Project (CCP), both situated within a 100% owned Special Economic Zone. The company targets the PNG lime market's annual demand of 250-300,000 tonnes with import replacement opportunities, while the expanded lime and cement businesses are expected to generate approximately $160m in EBITDA.

Differentiator

Problem solved

Functional benefit

Products and services

• Central Lime Project (CLP) A flagship quicklime manufacturing project located in Papua New Guinea, targeting first production in 2027. Phase 1 is designed to serve major gold miners and nickel producers in PNG who currently import all lime requirements from Southeast Asia. The project is fully equity funded for wharf, kilns, quarry, roads, bridges and community facilities.
• Central Cement Project (CCP) An integrated cement project located within a 100% owned and controlled Special Economic Zone in PNG, designed to provide locally manufactured, high-quality, competitively priced building materials as part of PLC's downstream processing strategy aligned with fiscal incentive framework.
• Quicklime High-quality quicklime produced locally in PNG through the Central Lime Project, targeting import replacement for PNG's lime market where major gold miners and nickel producers currently source all lime requirements from Southeast Asia.
• Orokolo Bay Project A project under development as part of Pacific Lime and Cement's portfolio of building materials initiatives in Papua New Guinea.

Quantifiable outcome

• Import replacement for 70-75% of planned phase one capacity (250-300,000 tonnes annual demand)
• +1 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Graymont: Graymont is one of the largest privately held lime producers globally, supplying high-calcium and dolomitic lime to mining, steel, and industrial customers. It is a direct peer in product category, customer base (mining/industrial), and business model (vertically integrated lime from quarry to customer).
• Cement Australia: Cement Australia is a major domestic cement and clinker producer serving Australian and Pacific-region construction and infrastructure markets. Its integrated coastal cement manufacturing model, regional logistics footprint, and customer base in mining and infrastructure directly mirror PLC's planned lime-to-cement business.
• Lhoist: Lhoist is a privately held global leader in lime and dolime products serving mining, metallurgy, and environmental end markets. Comparable to PLC in product (industrial quicklime), customer base (mining/metals), and vertically integrated production economics.
• Carmeuse: Carmeuse is a global lime and mineral products producer serving steel, mining, construction, and environmental markets. Its integrated quarry-to-kiln-to-customer model for industrial lime is closely comparable to PLC's planned Central Lime Project.
• Adbri Limited: Adbri is an ASX-listed Australian manufacturer of cement, lime, and aggregates serving construction and industrial customers. It is the closest direct comparable to PLC because it produces industrial lime for mining and construction customers in Australia and the broader Pacific region from a coastal footprint.

Broad incumbents

• CRH plc: CRH is a global building materials leader in cement, aggregates, and concrete with extensive Asia-Pacific operations. Its vertically integrated cement model and Pacific-region distribution footprint make it a relevant broad incumbent comparable for valuation and operational benchmarking.
• Holcim Ltd: Holcim is one of the world's largest cement and aggregates producers, with deep Asia-Pacific and emerging-market exposure. It is a relevant broad incumbent comparable because of its integrated cement and supplementary cementitious materials business and its focus on decarbonized building materials — both relevant to PLC's lime-to-cement ambitions.
• Boral Limited: Boral is a large ASX-listed Australian building materials group historically spanning cement, lime, and aggregates. While now more focused on building products, its legacy cement/lime exposure and Australian-Pacific customer footprint make it a useful broader-incumbent benchmark for PLC's target markets.

Regional players

• Pacific Cement (Fiji): Pacific Cement is the dominant cement producer in Fiji, supplying construction and infrastructure customers across the Pacific Islands from an integrated coastal plant. PLC's stated ambition to serve the wider Pacific region from its PNG base makes Pacific Cement a natural regional comparable for customer overlap and logistics economics.
• Geographe Cement: Geographe Cement operates a cement grinding and distribution business in Western Australia serving the Western Australian mining and construction sectors. It is a relevant peer because of its Pacific-region focus on supplying cement and cementitious products to mining customers from a coastal logistics platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/mayurresources
• LinkedInlinkedin.com/company/mayur-resources

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mayur Resources