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Quarterly Report Mayur Resources Nation building in Papua New Guinea mayurresources.com Highlights Corporate Completed a capital raise of $ 2.5 million via a placement to professional and sophisticated investors , securing funding to provide working and development capital Chairman Mr Rob Neale retired from the Board , having been an advisor and Director of Mayur for over five years Central Cement & Lime Project . • • Appointed industry veteran Mr Trent Alexander as Chief Operating Officer of the Company's lime and cement business , and to lead its flagship CCL project Ongoing liaison with key government and community stakeholders for the Memorandum of Agreement and Development Forum to formalise the agreed framework for benefits sharing for the CCL Project Continued the quicklime prioritisation strategy with updated EPC bids for the quicklime plant expansion to 2 kilns and a standalone quicklime definitive feasibility study as Phase 1 of the CCL project Further marketing progress with the execution of several new commitment letters of support for quicklime product offtake Iron & Industrial Sands • Mayur Iron , the Company's iron and industrial sands business to be rebadged as Ortus Resources with a planned listing on the ASX in late 2021 Ortus will be led by Mr Richard Seville and Mr Simon Slesarewich , as Chairman and CEO respectively Successful community wardens hearing held at Orokolo Bay for the Mining Lease with the final Mining Lease grant assessment being conducted by the Mineral Resources Authority ( MRA ) Power & Lae Enviro Energy Park Project • Ongoing liaison with the State Negotiation Team to negotiate and finalise the Power Purchase Agreement ( PPA ) for the Lae Power Project Continued to assess a range of renewable energy opportunities in PNG both as standalone energy projects and as projects to support Mayur's mining and industrial projects . As these assessments become more mature , the market will be updated accordingly