Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Mayur Resources Limited (ASX: MRL) has successfully completed an upsized institutional placement of approximately AU$100.1 million, surpassing its initial target of AU$80 million. The placement, conducted in two tranches, saw strong demand from institutional and existing investors. Tranche 1 raised AU$29.8 million, while Tranche 2 is expected to raise AU$70.3 million, subject to shareholder approval.
The raised funds, along with a proposed US$115 million debt financing package from Appian, ensure full funding for Stages 1 and 2 of the Central Lime Project, which is projected to generate an annual EBITDA of ~US$70 million.
The company remains focused on resource and renewable energy development in Papua New Guinea, spanning industrial sands, lime, cement, carbon credits, and battery minerals. With a diverse investment portfolio and a commitment to delivering long-term value, Mayur Resources is well-positioned for future growth.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
