Australia's Mayur Resources gains most in over 1 month on project milestone

Pacific Lime and Cement

03/10/2023 05:28

** Shares of Mayur Resources  MRL.AX  rise as much as 13% to
A$0.175, marking their biggest intraday pct gain since Aug. 14
    ** MRL at highest level since Sept. 26    
    ** Co says inner rubble core of central lime project’s (CLP)
wharf infrastructure has been completed
    ** CLP located 25 km north of Papua New Guinea's capital    
    ** Wharf infrastructure to facilitate early barging
operations for transport of goods and materials - MRL
    ** Adds, infrastructure to enable CLP to take advantage of
early cashflow opportunities in 2024
    ** Stock down 11.4% YTD, as of last close
    
   

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))