Quicklime’s wide industrial use makes it a valuable product, Mayur MD says

MAYUR Resources says its quicklime venture is into stage two of the Central Cement and Lime (CCL) project that aims to be Australasia’s first carbon-neutral quicklime, clinker and cement producer.
Managing director Paul Mulder said the project would be able to meet 100 per cent of Papua New Guinea’s domestic quicklime needs while also supplying product to the wider international market in particular Australia.
Mulder, in a letter to the company shareholders, said the project consisted of a quicklime high grade quarry, private import/export wharf, power plant and quicklime kilns.
“This project is located near to the coast within our granted mining lease area on naturally clear land with the limestone resources at the surface,” he said.
“Quicklime is a critical processing mineral for battery and future facing metals such as rare earths, copper, nickel, aluminium, uranium, cobalt, and lithium, and for gold processing, pollution abatement, treatment of acidification in soils and waterways and for water treatment.
“Without the expansion and development of high-grade quicklime sources, expansion of high-grade battery processing and critical rare earth minerals will be extremely difficult as quicklime is a critical processing consumable in the winning/recovery capability of these metals.”
Mulder said quicklime end user organisations in the Australian market had been focused on the green and future facing metals and other applications that quicklime aided however the quality, reliability and supply side of quicklime had come into focus with a large spike in prices.
“Our project and its economics are not factoring this growth and price increases, but rather has worked with existing users at historical long-term price points and demand profiles which still generate extremely attractive project returns,” he said.
The current and future tightening of quicklime supplies is an upside for our company.”