Mayur Resources has rights to explore a 120 km stretch of land in Gulf Province, close to the Purari and Vailala rivers.
“Out of the 120 kms we have under tenure, we’ve only drilled the first 1.5 kilometres and that coal is enough to generate a 50 megawatt power station for the next 30 years,’ Chief Executive Officer Paul Mulder tells Business Advantage PNG.
“If we’re to keep drilling as we intend to, the next five, 10, 15 kilometres will show there’s going to be tens of millions of tonnes of coal there.
