Update on Kinusi
21/02/2025 07:00
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RNS Number : 9453X Marula Mining PLC 21 February 2025
( )
21 February 2025
Marula Mining PLC
("Marula Mining'' or the "Company")
Update on Kinusi Copper Mine
Marula Mining (AQSE: MARU A2X: MARU), an African-focused mining and
development company, is pleased to provide an update on activities at the
Kinusi Copper Mine ("Kinusi") located in the Mpwapwa District of Tanzania's
Dodoma Region and operated by local Tanzanian mining company Takela Mining
Tanzania Limited ("Takela").
The Company's Chief Executive Officer, Mr Jason Brewer, will be on site next
week and will be accompanied by representatives of both a European-based
global commodity trading group, Tanzanian logistics consultants and
representatives from independent and internationally accredited laboratories
in Tanzania.
During the site visit, further check samples of the 'ready-for-sale'
high-grade copper concentrates will be taken as part of the ongoing grade
verification process by representatives from these laboratories. Also as part
of the Company's quality assurance and quality control procedures, all
components of the mining, processing and ongoing sampling process will be
inspected and checked to ensure the accuracy and reliability of the results
that are to be used as part of the copper concentrate sales process and to
provide a high level of confidence in the results to the purchasers of the
copper concentrate sales.
Representatives of one of the European-based global commodity trading groups
that are proposing to purchase the copper concentrates will also be in
attendance as part of the ongoing processes related to the additional copper
concentrate purchases, as well as representatives of a major regional
logistics and haulage group who will inspect the current facilities and
finalise arrangements for the proposed transportation of the product from the
mine through to a bonded warehouse in Dar es Salaam in Tanzania.
Further updates on the sale of the copper concentrates from Takela's Kinusi
Copper Mine will be provided in due course.
The Directors of Marula Mining are responsible for the contents of this
announcement.
About Marula Mining
Marula Mining (AQSE: MARU A2X: MAR) is an African focused battery metals
investment and exploration company and has interests in several high value
mining operations and mine development projects in Africa: the Blesberg
Lithium and Tantalum Mine, Northern Cape Lithium and Tungsten Project and
Kruisrivier Cobalt Mine, all in South Africa; the Larisoro Manganese Mine and
Kilifi Manganese Processing Operation both in Kenya; the Kinusi Copper Mine,
the Nyorinyori Graphite Project and the NyoriGreen Graphite Project all
in Tanzania. As we advance operations at these battery metals focused
projects, Marula will continue to build and expand its interests in other
high-quality projects in Africa.
Marula's strategy is to identify and invest in advanced and high-value mining
projects throughout East, Central and Southern Africa that the Directors
believe would deliver returns for its shareholders. The Board and management
team aims to establish Marula as a socially and environmentally responsible,
sustainable, and profitable producer of critical metals and commodities that
are of increasingly strategic importance to modern technologies and the global
economy. Marula's shares are traded on AQUIS Stock Exchange (AQSE) in London
and A2X Markets in South Africa. Marula is exploring opportunities to admit
its shares to trading on Kenya's Nairobi Securities Exchange and South
Africa's Johannesburg Stock Exchange.
For enquiries contact:
Marula Mining PLC
Jason Brewer,
Chief Executive Officer Email : jason@marulamining.com
Faith Kinyanjui Mumbi Email : info@marulamining.com
Investor Relations
AQSE Corporate Adviser +44 (0)20 7213 0880
Cairn Financial Advisers LLP,
Liam Murray / Ludovico Lazzaretti
A2X Advisor +27 (11) 480 8500
AcaciaCap Advisors Proprietary Limited
Michelle Krastanov
Caution:
Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identified by their use of
terms and phrases such as ''believe'', ''could'', "should" ''envisage'',
''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect",
''will'' or the negative of those, variations or comparable expressions,
including references to assumptions. These forward-looking statements are not
based on historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of operations,
performance, future capital and other expenditures (including the amount,
nature and sources of funding thereof), competitive advantages, business
prospects and opportunities. Such forward looking statements reflect the
Directors' current beliefs and assumptions and are based on information
currently available to the Directors.
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