Located on the coast, 25km north of the national capital, Port Moresby, and 7km from Exxon’s PNG LNG facility. The project’s co-located quarry, plant site and deep draft wharf will enable very low operating costs while providing direct access to both seaborne domestic and export markets such as Australia and other South Pacific nations.
The project has also been granted Special Economic Zone status, confirming its support from local authorities and securing a range of concessions including tax relief and duty exemptions, which significantly strengthen financial outcomes.
PLC's Central Lime Project (CLP) will have the capacity to produce 0.45Mtpa of quicklime and hydrated lime, and 0.6Mtpa of raw limestone aggregate.
Investment Agreement being negotiated with ACAM LP, to invest US$50M for equity split between PLC Resources and its wholly owned subsidiary MR Central Lime PNG.
US$115M exclusive debt term sheet executed with Private Mining and Metals Fund.
Construction commenced, and early revenues on track for CY25.
