Newmont(US:NEM) Small Caps·2026-02-16 01:35Core Viewpoint - Pacific Lime and Cement (ASX: PLA) has secured a long-term quicklime offtake agreement with Newmont Corporation, establishing Newmont as a cornerstone customer and representing approximately one-third of the Central Lime project's production capacity [1][3]. Group 1: Agreement Details - The multi-year agreement will commence after the construction and commissioning of the Central Lime project, providing a foundational revenue base as the project moves towards first production [3]. - The contracted volumes account for around one-third of the project's nameplate capacity, which is crucial for the project's financial stability [3]. - Delivery will occur under standard commercial terms from a designated Special Economic Zone, with all commercial terms remaining confidential and consistent with market-based arrangements [4]. Group 2: Strategic and ESG Significance - The Central Lime Project aims to replace imported quicklime currently supplied to PNG, enhancing supply-chain resilience for Newmont and aligning with environmental and social objectives [5]. - The project supports local employment and skills development, contributing to the establishment of significant industrial capability in PNG, consistent with broader economic development and ESG objectives [6]. - The agreement demonstrates that PNG-based industrial processing can meet the standards of Tier-1 global mining companies when developed under disciplined frameworks [6]. Group 3: Project Readiness and Outlook - The company is collaborating with Newmont on operational readiness, quality assurance, and logistics planning as part of the project's development activities [7]. - Securing a cornerstone customer facilitates ongoing discussions with additional domestic and regional customers as the project progresses [7]. - The agreement reflects a commitment to supporting domestic industry and the broader social and economic benefits of building local capability [8].