Update on ACAM Investment Progress

Mayur Resources Limited (ASX: $MRL) has provided an update on ACAM LP's proposed USD $50 million investment in the company and its subsidiaries. ACAM has nearly completed its due diligence process and is currently in negotiations over draft Subscription & Shareholder Agreements to acquire an up to 29.9% stake in Mayur at or around the market price at the time of the investment. The assessment of the debt offering and structure available to the project is also ongoing. An additional eight-week exclusivity period has been granted to finalize the remaining items of the proposed transaction.

Executive Commentary on ACAM Investment Progress

Ross McCormick of S&F Investment Advisors, advising ACAM, expressed satisfaction with the progress made during the exclusivity period, particularly regarding the quality of the technical and commercial data reviewed during the due diligence process. He emphasized the continued strong support from the PNG Government for downstream processing, reinforcing confidence in the partnership. Paul Mulder, Managing Director of MRL, highlighted the significance of the progress made with ACAM, emphasizing the careful consideration being taken to ensure the successful conclusion of the process.

Summary of ACAM Investment Update

Mayur Resources (ASX: $MRL) has made positive progress on ACAM LP's proposed USD $50 million investment, with ACAM nearing completion of its due diligence process and draft agreements currently under negotiation. The assessment of the debt offering and structure available to the project is ongoing, and an additional eight-week exclusivity period has been granted to finalize the remaining items of the proposed transaction. The company remains confident in the successful conclusion of this process and is committed to engaging with host communities and incorporating internationally recognized Environmental, Social and Governance (ESG) standards into its strategy and business practices.