Mayur Resources Limited Announces the Resignation of Hubert Namani as a Director of the Company

Mayur Resources Limited is focused on the development of natural resources and renewable energy in Papua New Guinea. Its diversified asset portfolio spans iron and industrial sands, lime and cement, nature-based carbon offsets and renewable energy. The Company operates through three segments: Mayur Renewables, Mayur Cement and Lime, and Ortus Resources. Mayur Renewables develops its portfolio of nature-based forestry carbon credit projects (totaling around 1.4 million hectares), involving the reclassification, protection and preservation of the pristine and biodiverse threatened rainforest. Mayur Cement and Lime include the Central Cement & Lime Project, which is a vertically integrated manufacturing facility. Ortus Resources segment includes Orokolo Bay Iron and Industrial Sands Project, which produces several products including a vanadium-titanomagnetite concentrate, construction sand and a zircon-rich valuable heavy mineral concentrate (DMS).