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Mayur Secures $11.2M to Launch Orokolo Bay Magnetite Production by Q4 2025

9:16am on Monday 2nd of June, 2025 AEST Mining
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Mayur Secures $11.2M to Launch Orokolo Bay Magnetite Production by Q4 2025

9:16am on Monday 2nd of June, 2025 AEST
Key Points
  • Pacific Unison commits up to USD 11.2 million for Orokolo Bay construction and commissioning
  • Mayur retains 100% ownership and 50% of future profits from the project
  • Targeted production start in Q4 2025 with 500,000 tonnes of magnetite output annually
  • Pacific Unison leads funding, construction, and operational management
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