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Quarterly Report Mayur Resources Nation building in Papua New Guinea mayurresources.com Highlights Corporate Completed first step of Mayur's disaggregation strategy to unlock value of company's business divisions , led by the successful copper gold spin - out as Adyton Resources on the TSX - V Central Cement & Lime Project • • • Completed preparations with key government and community stakeholders for the Development Forum due to take place in May 2021 to formalise the agreed framework for sharing benefits from the Project Continued to develop the quicklime prioritisation strategy and updated EPC bids for the quicklime plant expansion and progressed a quicklime only DFS Further marketing progress with the execution of several new non - binding letters of intent for quicklime product Appointed Mr Bruno Wauters , former CEO of Sibelco Asia , to the board of Mayur Industrials , the Company's lime and cement business , to assist with the next stage of the CCL project Concluded desktop assessment for renewable power generation opportunities which confirmed the Central Cement & Lime Mining Lease area has considerable potential for both wind and solar power generation Orokolo Bay Iron and Industrial Sands Project Next phase of disaggregation strategy underway with the appointment of Mr Richard Seville and Mr Simon Slesarewich , as chairman and CEO respectively of Mayur Iron , the Company's iron and industrial sands business with Orokolo Bay moving towards production with value to be unlocked via a standalone listing Mining Lease has been assessed by the MRA with the Wardens Hearing to be held on site in May 2021 as critical step in finalising the grant of the ML Submitted a new exploration licence application in the Western Gulf region to further bolster the iron sands project pipeline Lae Enviro Energy Park Project Ongoing liaison with the State Negotiation Team has been established to negotiate and finalise Power Purchase Agreement ( PPA ) .