Mayur Resources (ASX:MRL) has reported a US$40 million investment for the Central Lime Project.

The company has signed a term sheet with Vision Blue Resources for the substantial investment.

The proposed injection of funds is for a 49% equity share in the Central Lime Project, located in Papua New Guinea.

The Project’s Phase 1 is expected to yield annual revenues and EBITDA exceeding $50 million and $25 million respectively.

Mayur Resources is a resource company with a diverse portfolio of mineral, power generation, and industrial mineral assets.