Marula Mining Plc Statement re Share Price Movement
06 January 2023 - 3:46AM
UK Regulatory
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there is no unpublished price sensitive information to update to the market,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 : 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
Broker +44 (0) 20 7392 1568
OvalX,
Tom Curran / Thomas Smith
Financial PR and IR +44 (0)20 7138 3204
BlytheRay
Tim Blythe / Megan Ray / Said Izagaren
END
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