Marula Mining PLC Further High-Grade Copper Assays for Kinusi

RNS Number : 7334V

Marula Mining PLC

04 February 2025

 

 

 

 

  4 February 2025

Marula Mining PLC

("Marula'' or the "Company")

 

Further High-Grade Copper Assays for Kinusi Copper Mine Concentrate Sales

Marula Mining (AQSE: MARU A2X: MARU), an African-focused mining and development company, is pleased to announce additional assay results of copper concentrate samples from the Kinusi Copper Mine ("Kinusi") in the Mpwapwa District of Tanzania's Dodoma Region. These results follow the Company's announcement on 31 January 2025, regarding the initial Kinusi assay results. The assays were taken during a recent site visit by representatives of a European-based global commodity group, have again confirmed the high-grade copper content of the 'ready for sale' material stockpiled.

 

The assays were completed by SGS Tanzania Limited ("SGS") at their facilities in Tanzania, on mined and processed copper taken from the Kinusi No. 4 Open Pit in January 2025 and which reported an average grade of 19.72% copper. Individual assay results of the seven samples were 22.56%, 20.87%, 22.10%, 18.60% 14.78%, 21.46% and 19.64% copper.

 

The samples were taken from the mined, processed and already bagged saleable copper concentrates at Kinusi and were selected by representatives of one of the Swiss-based global commodity trading groups, during their site visit in late January 2025.

 

Jason Brewer, CEO of Marula Mining, said:

 

"These assay results are further confirmation of the high-grade copper concentrates that we have ready for sale at the Kinusi Copper Mine.

 

"We are consistently getting these high-grade assays results for our saleable copper and with these additional results now received it allows us to finalise our initial sales from Kinusi.

 

"I look forward to being able to confirm these initial sales and in confirming receipt of the sales proceeds."

 

The Directors of Marula are responsible for the contents of this announcement. This announcement contains inside information for the purposes of UK Market Abuse Regulation.

 

 

About Marula Mining

Marula Mining (AQSE: MARU A2X: MARU) 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, Korridor Lithium 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   Faith Kinyanjui Mumbi Investor Relations	Email : [e-mail]   Email : [e-mail]
AQSE Corporate Adviser Cairn Financial Advisers LLP, Liam Murray / Ludovico Lazzaretti	[phone]
A2X Advisor AcaciaCap Advisors Proprietary Limited Michelle Krastanov	[phone]

 

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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