Developer completes two projects surveys

MAYUR Resources (MRL) has completed a regional light detection and ranging (LIDAR) survey across two PNG projects.
LIDAR surveys essentially use pulsed lasers and scanners from an aircraft to create precise 3D information about the shape of an area and its geological characteristics.
The company will use the details from the survey to outline further JORC Mineral Resources and new ore reserves at its Orokolo Bay industrial sands project and Depot Creek coal project.
According to Mayur, the geological surveys are in a bid to bank more resources from PNG.
Mayur managing director Paul Mulder said the LIDAR survey was an important step in de-risking both projects and filling in some gaps the company had with existing topographic data.
“Our resource geologists and mine planners can now move forward with confidence with resource and reserve estimation work as well as with mine designs and infrastructure configuration,” Mulder said.
As part of the survey, PNG transport company Trans Wonderland flew over 234 square kilometres at the Orokolo Bay project and 309 square kilometres at Depot Creek.
The models created from the survey will allow for accurate resourcing and reserving work to be taken on by Mayur, and will also play a part in completing a feasibility study at Orokolo Bay.
On top of this, the LIDAR survey will help with planning for the next phase of diamond core drilling at Depot Creek.
Mayur is joining the ranks of some of the biggest global mining companies turning to PNG as the next global resource capital.
The country has always been prospective for mining, but political unrest and tough government regulations have deterred potential diggers.
Mid-last year, however, newly-elected Prime Minister James Marape changed the government’s tune towards mining and said he planned to adjust “outdated” regulations.
Mayur wants to help grow the country’s economy as it couples its resources projects with community engagement programmes.