Mayur Resources Limited has executed a Collaboration Agreement (Agreement) with First Graphene Ltd. for the development of graphene derived additives for cement manufacturing specific to low carbon cements and Portland Limestone Cements (PLC). The intent of the Agreement is to employ FGR's technology as part of Mayur's commitment to the production of low carbon cement products for the PNG and Australasian market from its Central Cement and Lime Project (CCL) in Papua New Guinea (PNG). This is another key step in Mayur's decarbonisation strategy for its nation building projects and follows the recent announcement regarding the grant of forestry concessions to Mayur Renewables, covering 800,000 hectares.

This will enable the establishment of Verified Carbon Standard (VCS) carbon credits and the protection and preservation of PNG's pristine rainforest, and through the monetisation of carbon offsets delivering sustainable commercial and social benefits to forest-based communities with far superior outcome compared to commercial logging. The purpose of the three-year Agreement is to facilitate the exchange of knowledge through research and development work. Each party will contribute scientific and industry knowledge, with FGR providing access to its PureGRAPH® product range, formulation and dispersion process technologies.

As part of its commitment to reducing emissions, the global cement segment is exploring methods to produce cements with lower clinker factor to produce "cleaner and greener" cement products. Ultimately, the objective of the collaboration is to jointly develop a low-carbon cement for the Australian and Asia Pacific cement markets using PureGRAPH®-enhanced cement additives. These would provide the Australasian cement industry with a global solution to reducing carbon dioxide emissions.