Marula Mining Plc Statement re Share Price Movement

 
TIDMMARU 
 
Marula Mining PLC 
 
                         ("Marula" or the "Company") 
 
                   Statement re Recent Share Price Movement 
 
5 January 2022 
 
Marula Mining (AQSE: MARU) an African focused mining and development company, 
notes the recent movement in the Company's share price and confirms that whilst 
there is no unpublished price sensitive information to update to the market, 
there continues to be an increased level of interest in the Company's advanced 
and near-term production lithium, graphite and copper projects located in 
Africa, given broad market commentary on the positive market fundamentals of 
these commodities. 
 
As announced on 27 October 2022 and on 25 November 2022, production of the 
first 1,000t of high-grade lithium ore is expected to occur early in 2023 with 
first sales to occur later this month. The Company will make a further 
announcement once first sales are completed. 
 
The Company also announced on 27 October 2022 that it was in advanced 
discussions with two African focused mining investment funds ("Investment 
Funds") on further investments into the Company, and those discussions remain 
ongoing. The Company will make a further announcement if and when it enters 
into any formal agreements with the Investment Funds. 
 
The Company also announced on 30 November 2022 that a 73% commercial interest 
in the Bagamoyo Graphite Project had been secured, and plans are progressing to 
commence site activities in January 2023. 
 
The Company will be releasing its quarterly activities update later this month 
for the 3 month period  ending 31 December 2022. 
 
The Directors of Marula are responsible for the contents of this announcement. 
 
About Marula Mining 
 
Marula Mining (AQSE: MARU) is an African focused battery metals investment and 
exploration company and has interests in several high value mine projects in 
Africa; Blesberg Lithium and Tantalum Mine in South Africa, Nkombwa Hill 
Project in Zambia and Kinusi Copper Mine and Bagamoyo Graphite Project both in 
Tanzania. As we advance operations in the projects, Marula is open to looking 
into other high-quality commodities in several jurisdictions. 
 
Marula aims at identifying and investing in advanced and high-value mining 
projects throughout East, Central and Southern Africa that can deliver rapidly 
for its shareholders and can be taken through to production and generate 
positive returns for all stakeholders. Our 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 quoted on the AQUIS Stock Exchange (AQSE) and is exploring 
opportunities to dual list on the London Stock Exchange's AIM Market and 
Kenya's Nairobi Securities Exchange. 
 
For enquiries contact: 
 
Marula Mining PLC 
Jason Brewer, 
Chief Executive Officer                               Email : [e-mail] 
 
Faith Kinyanjui Mumbi                                  Email : [e-mail] 
Investor Relations 
 
AQSE Corporate Adviser                                           [phone] 
Cairn Financial Advisers LLP, 
Liam Murray / Ludovico Lazzaretti 
 
Broker                                                     [phone] 
OvalX, 
Tom Curran / Thomas Smith 
 
Financial PR and IR                                              [phone] 
BlytheRay 
Tim Blythe / Megan Ray / Said Izagaren 
 
 
 
END 
 
 

(END) Dow Jones Newswires

January 05, 2023 11:46 ET (16:46 GMT)