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2026-11-06
◂ Monitor PLA ASX (primary); PNGX secondary listing as PLC

Pacific Lime and Cement Limited (formerly Mayur Resources Limited)

Construction · Others · PG · CA Rating locked: sign in to view v8.1 · pla-20261104t223127-full
Last 2026-11-05
A$0.38
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$354.2M
EV
A$350.8M
Cash
A$16.4M
Debt
A$13M

Narrative and provenance

Research & Sources

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Chronological evidenceSource-document inventory9 documents
PLA ASX close on 4 Nov 2026 (reference price, market data provider via miners.reference_price)Market Data · LowMetadata Only

Latest eligible local close on 4 Nov 2026: A$0.38 (open 0.36, high 0.385, low 0.355, volume 445,558), fresh (0 days), one ASX PLA ordinary CDI, source data/asx_mining_companies.db (market data provider history). Registered as the valuation reference price.

Document ID
ref_price_20261104
Published UTC
2026-11-04T05:10:00Z
Projects
—
Commodities
—
Open original source ↗
Market snapshot for PLA at 4 Nov 2026 (miners.v8db.market_snapshot)Market Data · LowMetadata Only

Market snapshot at the cutoff: 52-week range A$0.25 to A$0.44; 12-month return +38.2%; 20-day average traded value A$72,820; AUD per USD 1.4236 (used to convert study US$ amounts to A$); no published peers with the same primary commodity in the stock database.

Document ID
snapshot_20261104
Published UTC
2026-11-04T05:10:00Z
Projects
—
Commodities
—
Open original source ↗
Appendix 2A: 71,133,355 CDIs on conversion of ACAM notes (2 Nov 2026)Corporate Action · MediumExtracted

Appendix 2A dated 2 Nov 2026: 71,133,355 CDIs issued on 31 Oct 2026 on conversion of US$10,000 notes (ACAM) at A$0.2425; post-conversion CDIs 932,077,017; unquoted options and performance rights.

Document ID
appx2a_conv_2026
Published UTC
2026-11-02T05:00:00Z
Projects
—
Commodities
others
Open original source ↗
2026 Annual Report (FY to 30 June 2026)Results · HighPartial

FY26 audited annual report (year to 30 June 2026, published 30 Oct 2026): loss of A$27.6m, A$1.9m revenue from resold imported quicklime, A$60.2m development and exploration payments, A$16.7m cash at 30 June 2026, ACAM convertible notes and leases, 861.0m CDIs, resource and reserve tables, board and executives, top-20 register, Central Lime status (85% PLC) and the offtake, PDA and SEZ summary.

Document ID
ar_fy26
Published UTC
2026-10-30T05:38:46Z
Projects
central-lime-project · central-cement-project · star-mountains-project · orokolo-bay-sands · adyton-stake
Commodities
others · copper · gold
Open original source ↗
September 2026 Quarterly Activities and Cash Flow ReportOperations · HighPartial

September 2026 quarterly report and Appendix 5B: A$16.4m cash at 30 Sep 2026, A$13.0m 15% loan drawn, A$30.5m development payments and A$22.6m PNG equity receipt, updated Central Lime forecast cost A$129m against an A$133m funding envelope, A$57.0m cost to complete, A$26m undrawn or unrealised completion funding, ACAM notes conversion, cement EPC tender and Star Mountains review.

Document ID
q_sep26
Published UTC
2026-10-29T22:50:00Z
Projects
central-lime-project · central-cement-project · star-mountains-project · orokolo-bay-sands · adyton-stake
Commodities
others · copper · gold
Open original source ↗
PNG Government exercises US$16.3m equity participation (27 Jul 2026)Economic Arrangement · HighExtracted

Announcement of 27 Jul 2026: Kumul Minerals Holdings exercised its right to acquire 13% of Mayur Industrials PNG for US$16.3m, priced at a discount to the base-case project NPV, with a 5% option (about US$6.8m) and cement rights.

Document ID
png_stake_2026
Published UTC
2026-07-26T23:00:00Z
Projects
central-lime-project
Commodities
others
Open original source ↗
Q3 FY26 Investor Presentation (20 Apr 2026)Presentation · MediumPartial

Q3 FY26 investor presentation (20 Apr 2026): Central Lime and cement EBITDA estimates, PDA summary and the Newmont offtake; mostly image pages. Used only for the company EBITDA references, which are cited as company estimates.

Document ID
inv_pres_2026
Published UTC
2026-04-19T23:00:00Z
Projects
central-lime-project · central-cement-project
Commodities
others
Execution of Project Development Agreement (12 Mar 2026)Economic Arrangement · HighPartial

Execution of the Project Development Agreement (12 Mar 2026): State participation in the lime and cement SPVs, landowner 2% free carry, cement NPV of US$284m standalone (2022 DFS basis) rising to US$339m with SEZ benefits, cement FID target and State option mechanics. Pages 1-8 are image pages read visually.

Document ID
pda_2026
Published UTC
2026-03-12T06:00:00Z
Projects
central-lime-project · central-cement-project
Commodities
others
Amended announcement: Central Lime Project FID (25 Aug 2025)Study · HighPartial

Amended final investment decision announcement (25 Aug 2025) for the Central Lime Project: revised equity-only strategy, US$61m capex, US$161m post-tax NPV8% base case, 29.2% IRR, 30-year life, 1,200tpd nameplate, and the capex and EBITDA bridges from the 2022 DFS.

Document ID
fid_study_2025
Published UTC
2025-08-24T07:00:00Z
Projects
central-lime-project
Commodities
others
Evidence facts57
pla-rev-fy26Revenue FY26 (resale of purchased quicklime; no Central Lime production)

1934280 AUD

2026-06-30
pla-npat-fy26Loss after tax FY26

-27576205 AUD

2026-06-30
pla-ocf-fy26Operating cash flow FY26

-9055080 AUD

2026-06-30
pla-capex-fy26Capex FY26 (investing payments, development and exploration)

60204476 AUD

2026-06-30
pla-cash-jun26Cash at 30 June 2026

16723500 AUD

2026-06-30
pla-debt-jun26Borrowings at 30 June 2026 (ACAM convertible notes and leases)

22046788 AUD

2026-06-30
pla-lease-jun26Lease liabilities at 30 June 2026

221515 AUD

2026-06-30
pla-equity-jun26Book equity at 30 June 2026

142500999 AUD

2026-06-30
pla-shares-jun25CDIs on issue at 30 June 2025 (prior year-end comparative)

837183455 shares

2025-06-30
pla-shares-jun26CDIs on issue at 30 June 2026

861018662 shares

2026-06-30
pla-dps-ttmDividends declared, last 12 months

0 AUD/share

2026-11-04
pla-clp-ownPLC interest in Central Lime project company

85 %

2026-06-30
pla-clp-ftpFirst lime production target (Kiln 1, end Q1 to Q2 CY2027)

2027-06-30 date

2026-10-30
pla-clp-res-measMeasured limestone resource

205000000 t

2026-06-30
pla-clp-res-indIndicated limestone resource

128000000 t

2026-06-30
pla-clp-res-infInferred limestone resource

49000000 t

2026-06-30
pla-clp-res-gradeMeasured resource CaO grade

53.5 % CaO

2026-06-30
pla-clp-res-grade-indIndicated resource CaO grade

51.8 % CaO

2026-06-30
pla-clp-res-grade-infInferred resource CaO grade

48.3 % CaO

2026-06-30
pla-clp-res-totalTotal limestone resource (Kido and Rearea)

382000000 t

2026-06-30
pla-clp-res-dateLimestone resource estimate date

2018-01-10 date

2018-01-10
pla-clp-rsv-tProbable ore reserve (Kido 45Mt, Rearea 33Mt)

78000000 t

2026-06-30
pla-clp-rsv-gradeProbable reserve CaO grade (weighted)

49.7 % CaO

2026-06-30
pla-cem-ownPLC interest in Central Cement SPV before State option

98 %

2026-03-12
pla-olg-resOlgal inferred resource, 0.2% CuEq cut-off

626000000 t

2026-04-28
pla-olg-cuOlgal copper grade

0.27 % Cu

2026-04-28
pla-olg-contOlgal contained copper equivalent

3320000 t

2026-04-28
pla-sand-resOrokolo Bay western area magnetite sand resource

209500000 t

2026-06-30
pla-sand-rsvOrokolo Bay western area ore reserve

30600000 t

2026-06-30
pla-olg-dateOlgal revised resource date

2026-04-28 date

2026-04-28
pla-olg-miOlgal measured plus indicated share

0 %

2026-04-28
pla-olg-cueqOlgal copper-equivalent grade, 0.2% CuEq cut-off

0.53 % CuEq

2026-04-28
pla-cem-res-corrEast Rearea cement correctives, indicated

14000000 t

2026-06-30
pla-cem-res-corr-gEast Rearea correctives CaO grade

1.0 % CaO

2026-06-30
pla-sand-dtrOrokolo Bay western area DTR grade

5.93 % DTR

2026-06-30
pla-funding-committedCommitted funding beyond cash (none)

0 AUD

2026-09-30
pla-cash-sep26Cash at 30 September 2026

16437000 AUD

2026-09-30
pla-loan-sep26Unsecured loan drawn at 30 September 2026

13000000 AUD

2026-09-30
pla-undrawn-sep26Unused financing facilities at 30 September 2026

0 AUD

2026-09-30
pla-burn-sep26Net operating cash flow, September 2026 quarter

-5135000 AUD

2026-09-30
pla-capex-q-sep26Development payments, September 2026 quarter

-30525000 AUD

2026-09-30
pla-clp-capex-fcUpdated forecast final project cost (A$129m)

129000000 AUD

2026-09-30
pla-clp-ctcCapex spent versus forecast total cost

55.8 %

2026-09-30
pla-clp-permitPermitting status

Environmental permit EP-L2(622) amended 29 Sep 2026 for Phase 4 marine terminal; Mining Lease 526 held 100% text

2026-09-30
pla-cem-fidCement production target (Q1 CY2029)

2029-03-31 date

2026-10-30
pla-olg-ownStar Mountains EL2770 interest

100 %

2026-09-30
pla-sand-ownOrokolo Bay project ownership (100% PLC tenements)

100 %

2026-09-30
pla-adyton-holdInterest in Adyton Resources

16 %

2026-09-30
pla-adyton-valAdyton holding (company estimate)

16000000 AUD

2026-09-30
pla-clp-study-npvPost-tax NPV8% base case, 100%

161000000 USD

2025-08-24
pla-clp-study-irrPost-tax IRR, base case

29.2 %

2025-08-24
pla-clp-study-discStudy discount rate (NPV8%)

8 %

2025-08-24
pla-clp-capex-studyStudy capex, FID base case (US$61m)

61000000 USD

2025-08-24
pla-clp-mine-lifeStudy life of project

30 years

2025-08-24
pla-clp-annual-prodAverage annual quicklime production (study-implied)

362000 t/yr

2025-08-24
pla-cem-npvCement standalone NPV (no SEZ benefits, DFS basis)

284000000 USD

2022-07-26
pla-shares-nov26CDIs on issue after conversion (Appendix 2A, 2 Nov 2026)

932077017 shares

2026-11-02
Conflicts requiring judgment3
  • exercise price of 32,200,000 unlisted options expiring 13 Apr 2029

    None

  • performance rights on issue (unquoted)

    None

  • Central Lime Project capital cost

    The FID study capex of US$61m is the base capital before contingency and risk allowances (A$84m base in the September 2026 quarterly); the updated forecast final cost of A$129m (including the A$49m completion funding allowance) is the current basis for valuation.