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Pacific Lime and Cement Limited ( (AU:PLA) ) has shared an announcement.
Pacific Lime and Cement significantly advanced construction of its Central Lime Project in Papua New Guinea during the March 2026 quarter, keeping the development on schedule and within budget while moving from bulk earthworks into structural civil and foundation works. Key infrastructure, including kiln foundations, crushing and screening facilities, camp infrastructure, access roads, bridges, and an international export wharf, progressed in parallel, enhancing logistics and supporting future production.
The company strengthened the long-term framework for its lime and cement operations by executing a government-backed Project Development Agreement and securing government equity participation rights in both lime and cement projects. It also signed a multi-year cornerstone offtake agreement with Newmont for roughly one-third of the project’s nameplate capacity, advanced the Central Cement Project towards a final investment decision with IFC support, appointed a dedicated CEO for cement, and began a strategic review of its Star Mountains Copper-Gold Project to optimise its portfolio.
More about Pacific Lime and Cement Limited
Pacific Lime and Cement Limited is an Australia- and Papua New Guinea-listed industrial materials company focused on lime and cement production in Papua New Guinea. Its flagship assets include the Central Lime Project and a proposed Central Cement Project in Central Province, with a market focus on regional customers in Australia and the broader Pacific.
Average Trading Volume: 444,148
Technical Sentiment Signal: Hold
Current Market Cap: A$236M
See more data about PLA stock on TipRanks’ Stock Analysis page.