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PNG Government Commits US$16.3 Million for 13% Stake in Pacific Lime Project
8:33am on Monday 27th of July, 2026 AEST
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PNG Government Commits US$16.3 Million for 13% Stake in Pacific Lime Project
8:33am on Monday 27th of July, 2026 AEST
Key Points
PNG Government acquires 13% stake in Central Lime Project for US$16.3 million
Equity priced with sovereign discount against project’s base-case NPV
Option to increase stake by 5% exercisable post-production start
Government holds rights to acquire up to 30% in Central Cement Project
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Pacific Lime and Cement (ASX:PLA)
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