Hi Pacer,
Entire
books have been written about lime plasters, but in a nutshell, lime is the binder in a lime plaster. The plaster will also contain an aggregate--usually sand--and sometimes a fiber, which could be
straw or a synthetic material like poly fibers for tensile strength. Those are the contents.
There are different kinds of lime suitable for plasters. Type S (stands for "special," and it has been partially re-hydrated) lime, quick lime (lime that hasn't been partially re-hydrated), or NHL (natural hydraulic lime). Much longer discussion in the book and in many other places both on lime and in other books about various types of lime suitable for plastering.
The sand is usually sharp (angular shapes when viewed with a hand lens) and well graded, meaning that the sand has a range of particle sizes from fine to
course, depending on the application. Course sand with particle sizes ranging up to 1/8" are great for scratch and brown coats, but may not be suitable for finish coats since that layer can't be thinner than the largest particles or you get lots of drag marks while plastering. We usually want the sand particle size to be no more than 1/4 the plaster thickness, so thicker layers like scratch and brown coats have larger particles, while finish coats use finer sands.
The lime binder fills the voids between the sand particles, and the ratio for most plaster coats (scratch, brown, and finish) tends to be around 1:3 lime:sand. For ever one part lime you'll need 3 parts sand by volume. You can conduct a void ratio analysis on your sand to determine if a better ratio might not be 1:2.5 or 1:3.5, etc., also described in the book and other places. And you can raise or lower the amount of lime in the mix. Finish lime plasters sometimes have more a higher ration of lime in them.
How to mix depends on whether all the material ingredients are dry, or whether the lime is a putty, and what kind of mixing equipment you're using. Some plasterers prefer to dry mix everything for optimal distribution of ingredients, then add
water. Others start with the water, add half the sand and binder, add more water, then the rest of the sand and binder. When starting with lime putty you don't need as much water, so we add the sand until we reach the ratio, then add just
enough water for a workable mix.
There's much, much more to this subject!