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and development company, notes the recent movement in the Company's share price and confirms that whilst there is no unpublished price sensitive information to update to the market, there continues to be an increased level of interest in the Company’s advanced and near-term production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
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
Marula aims at identifying and investing in advanced and high-value mining projects throughout East, Central and
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
Chief Executive Officer
Faith Kinyanjui Mumbi
Email : email@example.com
Email : firstname.lastname@example.org
|AQSE Corporate Adviser
Cairn Financial Advisers LLP,
Liam Murray / Ludovico Lazzaretti
|+44 (0)20 7213 0880|
Tom Curran / Thomas Smith
|+44 (0) 20 7392 1568|
|Financial PR and IR
Tim Blythe / Megan Ray / Said Izagaren
|+44 (0)20 7138 3204|