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Pacific Lime and Cement Limited (ASX:PLA)

ALERT: Price-sensitive ASX Announcement for PLA
Current share price for PLA : $0.380 0.005 (1.33%)+
Announcement
Release
31 Jul 2026 5:33PM
Price at Release
$0.375
Full Release
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Summary
Pacific Lime and Cement Limited's Quarterly Activities and Cash Flow Report for the quarter ended June 30, 2026, highlights substantial progress in their Central Lime Project. Key achievements include the completion of 27.6km of roads and bridges connecting local communities to Port Moresby, significant workforce expansion, and the continued development of lime kiln foundations. The project maintains funding through to first lime production, scheduled for the end of Q1 2027, bolstered by a US$16.3 million investment from the Papua New Guinea Government. The report also details advancements in the Central Cement Project, with a targeted Final Investment Decision expected later this year. Despite cost pressures primarily due to global shipping costs, the company remains within its budget due to strategic funding sources outlined in their Q3 FY26 presentation. Additionally, efforts continue in their Orokolo Bay and Mayur Renewables projects, with plans for further growth and investment.
Key Points
  • IFC advances Central Cement Project work programme
  • Western Australian quicklime sales continue to grow
  • Significant progress achieved during the Quarter
  • Papua New Guinea Government equity investment of US$16.3 million
  • Completion funding sources outlined in Q3 FY26 Investor Presentation
  • Central Cement Project targeted Final Investment Decision later this year
  • 27.6km of roads and river bridges completed
  • Workforce growth to 391 personnel
  • First lime production scheduled for Q1 2027
  • Strategic review of Star Mountains Copper-Gold Project
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.