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MARU Marula Mining PLC

0.95 (7.76%)
11:28:48 - Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Marula Mining PLC AQSE:MARU Aquis Stock Exchange Ordinary Share GB00BNBS4S95
  Price Change % Change Share Price Shares Traded Last Trade
  0.95 7.76% 13.20 387,130 11:28:48
Bid Price Offer Price High Price Low Price Open Price
13.00 13.25 13.495 12.182 12.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Last Trade Time Trade Type Trade Size Trade Price Currency
11:28:48 8,757 13.20 GBX

Marula Mining (MARU) Latest News

Marula Mining (MARU) Discussions and Chat

Marula Mining Forums and Chat

Date Time Title Posts
22/2/202411:54Marula Mining Plc - 202415
15/8/202312:02Marula Mining3

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Marula Mining (MARU) Top Chat Posts

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Posted at 22/2/2024 11:54 by gasman10
Notes from last nights zoom call.

* Offtake not yet signed. European company based in Switzerland. Got a meeting on Monday and if no positive outcome will look to take an OT forward with another party. Lots of interest. 2 in particular and 1 is keen to invest to produce a carbonate product. OT’s generally specify a 5% minimum product and the price can be higher for better grades;

* A different project is under review for potential production in Q1;

* Kinusi scheduled to start producing in Q2. They are looking into options for copper cathode in the future to maximise revenues and not let too much value go early on;

* There was 36k tonnes of stockpile at Blesberg last year and that’s increased by around 40%. The Tomra should arrive early March and should not take too much commissioning - operational second half of March hopefully;

* Korridor is really good but they have 3 other lithium projects under review - 1 of which is adjoining Blesberg!!

* Copper OT’s are already in discussion;

* Listings will go in the previously suggested order:-
- NSE approx w/c 11/3 - Fader Investment Bank to confirm when submitted the listing document and NSE to confirm it is acceptable - then good to go;
- JSE quickly after that as the NSE is the gateway into the JSE;
- LSE hopefully in Q1 as well but following the other two and we need to meet the £30m requirement.

* The Tomra takes 5 x the material of Rados and they are looking to use in series together. Tomra first to remove the other minerals and then leave a cleaner spodumene for the Rados to process;

* Newsflow: no need for any concern - Jason has been in 3 days of negotiations but RNS’s are being worked on and May have announcements end of this week and through next week;

* Q is very happy with progress. He is busy finalising his billion dollar fund in the Middle East and US but is keen to accelerate development into alternative metals and minerals;

* Blesberg - assay 1 is due 1st or 2nd week in March ish. Assay 2 poss end of March;

* Dividends are important to Jason as a major shareholder and it is not just a box-ticking exercise for the NSE. They have full intention to pay divis when cash flows allow;

* Deals - in South Africa and Southern Africa - relating to copper and lithium. RNS’s soon!!

* Once production and revenues start, they will be looking to move away from share based acquisition payments to cash based payments;

* Blesberg - down the line we could look to move into battery manufacturing to maximise revenues and Eastern Africa is positioned well to be a battery hub!!

* CPR’s are complete for:-
- Blesberg
- Nkombwa Hill
- Kinusi
Graphite CPR’s are being completed asap. All of the CPR’s are needed for the LSE listing

* $406 AISC - so we are very comfortable at these current lithium prices

* Value of bi-products from Blesberg will exceed the operating costs of the mine ?

* Any new lithium mines brought on stream in that S.Africa/Blesberg area would be fed into the Blesberg machinery;

* Graphite - could look to do a quick DSO product to get revenue or they may try and get a higher value product to take advantage of the jumbo flake prices. Balance of quick to production Vs not giving away too much value too quickly

* Zimbabwe & S.Africa really good for copper and lithium projects. Tanzania & Kenya great for critical minerals.

* Nickel - very few nickel sulphide projects around. Tanzania is a possibility.

* Manganese - looking at a project in Kenya

* Aspiration to have cash generating assets in both S.Africa and E.Africa so they can operate each area independently * Important to consolidate Marula’s position and they want to increase their positions in S.Africa & Zimbabwe as they have a very good S.African team.
Posted at 27/12/2023 07:57 by someuwin
27 December 2023

Phase 1 Exploration Activities Completed at Nyorinyori and NyoriGreen Graphite

Marula Mining (AQSE: MARU), an African focused mining and development company,
is pleased to announce that the Phase 1 Program of exploration activities at the
Nyorinyori Graphite Project ("Nyorinyori") and the NyoriGreen Graphite Project
("NyoriGreen") (together the "Projects") has now been completed, with the
Company's independent geological consultants Geofields Tanzania Limited
("Geofields") having undertaken the initial mapping, sampling, and trenching
field work.

An initial report of the findings from the Phase 1 Program of exploration
activities is due to be received in January 2024 and along with the assay
results from the sampling program, they will be incorporated into the Phase 2
Program of exploration activities, which will include geophysics surveys, multi
-spectral satellite image work, additional trenching, and the commencement of a
diamond drilling program later in Q1 2024.


· Phase 1 Program of exploration activities completed on schedule by Geofields
· The work at the Projects is focused on the high-grade and jumbo flake
graphite mineralisation that has previously been observed with visual estimates
of +90% graphite content in shallow broad graphite veins at Nyorinyori
· The Phase 1 Program of exploration activities comprised of mapping,
sampling, and trenching field work across the 20 granted mining licenses that
make up both the Nyorinyori and NyoriGreen Projects
· Approx. 200 samples have been taken as part of this Phase 1 Program and
sample preparation will commence in the new year by SGS Tanzania, with the
samples then sent to South Africa for assay work by SGS South Africa
· Assay results from these samples are expected to be received by the end of
January 2024
· Initial feedback from Geofields on their findings from the Phase 1 Program
of exploration activities have been positive in respect to both identified
strike lengths of graphite mineralisation and visual grade estimations of total
graphite content
· A preliminary Phase 1 Program report is due to be submitted to the Company
by Geofields in early January 2024, which will include a summary of the initial
findings and their recommendations for the next Phase 2 Program of activities
· This preliminary report and recommendations are due to be presented to the
Company in early January 2024, with a final report to then be provided upon
receipt of the assay results and geological database for the Projects
· A Phase 2 Program of exploration activities is then scheduled to commence in
Q1 2024, incorporating the Phase 1 Program results and recommendations, and will
include additional trenching, geophysics surveys, multi-spectral satellite image
work, and the commencement of a resource drilling program across the Projects

Jason Brewer, Marula Mining PLC CEO said:

"The significant progress we have made at the Nyorinyori and NyoriGreen graphite
projects would not be possible without the efficiency and effectiveness of
Geofields. The pace at which they were able to complete the exploration
activities is a testament to their skill and geological knowledge.

""I am proud of the progress the Company has made at the Nyorinyori and
NyoriGreen graphite projects. With the community engagement process commencing,
the application for additional mining licences in progress, and now the
completion of the Phase 1 exploration activities, we are well positioned to take
advantage of the momentum we have created to advance the Projects to the next
stage of development. I look forward to seeing what we can accomplish in 2024
and providing updates to shareholders in the new year."

Further Information

Phase 1 exploration activities at the Projects included mapping, sampling,
additional trenching work where applicable and the establishment of a
comprehensive geological database across the 20 granted graphite mining
licences. Approximately 200 samples across both Nyorinyori and NyoriGreen have
been taken, with sample preparation to be completed by SGS Tanzania at its
facilities in Mwanza, and the assay work to then be completed by SGS South
Africa in Randfontein.

The Phase 1 Program of exploration at Nyorinyori focused on the high-grade and
jumbo flake graphite mineralisation that has been observed with visual estimates
of +90% graphite content in shallow broad graphite veins at Nyorinyori. This
mineralisation has been seen to extend over an initial strike length of over two
kilometres at Nyorinyori and is interpreted to extend into the NyoriGreen
licenses area.

As announced on 13 December 2023, Takela Mining Tanzania Limited ("TMT") and
NyoriGreen Mining Limited ("NML"), having collectively made seven new Mining
License Applications at Nyorinyori and NyoriGreen. These applications are
anticipated to be granted in Q1 2024.

Additionally, to demonstrate the Company's commitment to its Environmental,
Social and Governance principles, Marula Mining has commenced the community
engagement process at the Nyorinyori and NyoriGreen graphite projects. This is a
significant milestone for Marula, and its planned progress at the Projects, as
the Company prioritises its move towards sustainable mining.
Posted at 15/8/2023 09:49 by flying pig
This share looks as though it should fly from here. Lots of exciting developments and a potential move to the AIM market in the coming weeks.
Somewhat surprisingly that there is no active thread.
Today's RNS indicates an active drilling program on a site that is already incredibly promising.
gives an interesting interview with the chief executive.
Marula Mining share price data is direct from the London Stock Exchange

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