Extension of No. 4 Open Pit at Kinusi

Marula Mining PLC

06 March 2025

 

6 March 2025

Marula Mining PLC

("Marula Mining'' or the "Company")

Extension of No. 4 Open Pit at the Kinusi Copper Mine

High-Grade Copper Mineralisation Observed

Marula Mining (AQSE: MARU A2X: MAR), an African-focused mining and development company, is pleased to provide an update on ongoing mining operations at the Kinusi Copper Mine ("Kinusi") in the Mpwapwa District of Tanzania's Dodoma Region, ahead of the planned first copper sales this week by its local partner Takela Mining Tanzania Limited ("Takela").

Over the past week, mining operations at the No. 4 Open Pit at Kinusi, have been extended along strike by a further 200 metres ("m") taking the open pit to over 500m in length. Mining activities are also set to commence later this month at the No. 3 Open Pit. Removal of shallow overburden and waste material at the No. 4 Open Pit has allowed Takela's technical management team to visually identify the continuation of the copper mineralisation. Along the full length of the 200m extension of the No. 4 Open Pit Mine, malachite, azurite and cuprite copper mineralisation is visible in an approximately 2m thick vein north from ongoing open-pit mining activities. Upon visible inspection of the copper mineralisation, Takela's technical management team have assessed the copper mineralisation as being potentially high-grade and potentially some of the highest-grade copper mineralisation they have observed at Kinusi to date. The Company emphasises that laboratory assays of the samples will be required to confirm the range of copper ore grades visually identified.

Mining operations are ongoing and Takela is continuing to stockpile the copper ores, ahead of their planned copper concentrate trial shipments and sales which are scheduled to commence this week. 

Further updates on the transportation of the copper concentrates and initial sales will be made in due course.

The Directors of Marula Mining 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: 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 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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