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Papua New Guinea: the next global resource capital?


Papua New Guinea: the next global resource capital?
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When it comes to global mining darlings, countries like China, Australia, and South Africa have dominated the world stage.
However, just north of Queensland resides a small country piquing worldwide interest. Papua New Guinea is being eyed by some of the biggest players in the mining game as a new hotspot for resource opportunities.
A steady rebuild
In reality, mining in Papua New Guinea has been going on since the early 19th Century. It was a slow build-up for the small country, but the 1960s brought with them a porphyry copper boom in the country. ....

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Mayur Resources (ASX:MRL) appoints COO for cement & lime business


Mayur Resources (ASX:MRL) appoints COO for cement & lime business
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Mayur Resources (MRL) has appointed a Chief Operating Officer (COO) for its cement and lime business
Trent Alexander will lead Mayur Industrials and help develop the company s Central Cement and Lime (CCL) Project in Papua New Guinea
The new COO bring almost two decades worth of experience to the role, including stints at Brickworks, Hanson, Adelaide Brighton and Orica
MRL MD Paul Mulder welcomed the appointment, stating it was an opportune time to advance the quicklime plant
Shares in Mayur Resources are trading down 6.52 per cent at 21.5 cents ....

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Mayur Resources (ASX:MRL) successfully lists Adyton on TSXV


Mayur Resources (ASX:MRL) successfully lists Adyton on TSXV
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Mayur Resources (MRL) has successfully listed its copper and gold assets in Papua New Guinea on the Toronto Stock Exchange Venture (TSXV)
The newly listed company is called Adyton Resources and will trade under the code ADY
The spinout saw more than C$10.5 million (approximately A$10.5 million) raised, valuing Adyton at around C$38 million (roughly A$38 million)
Notably, Mayur owns around 43 per cent of Adyton shares
On the market this afternoon, Mayur is up 10.3 per cent and is trading at 32 cents per share ....

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Adyton Resources Corporation Announces Completion of Qualifying Transaction


OR THROUGH US NEWSWIRE SERVICES
VANCOUVER, British Columbia, Feb. 18, 2021 (GLOBE NEWSWIRE) Adyton Resources Corporation (the “Company” or “Adyton”) (TSX Venture: ADY), formerly XIB I Capital Corp., is pleased to announce it has completed its previously announced transaction with Mayur Resources Limited (“Mayur”) to acquire Mayur’s copper-gold exploration tenements in Papua New Guinea (the “Transaction”). Under the Transaction, the Company:
consolidated its 13,100,000 previously issued and outstanding common shares (“Common Shares”) on a 2.62-for-1 basis into 5,000,000 Common Shares issued and outstanding (the “Consolidation”) and changed its name to “Adyton Resources Corporation”;
acquired all of the shares of Mayur’s former subsidiary, MR Exploration PNG Pte Ltd. (“MRE”) from Mayur and its other shareholders in exchange for 71,666,666 post-Consolidation Common Shares, after MRE first acquired all of the shares of Ballygowan Limi ....

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