Marula Mining PLC - Update on Kilifi Manganese Processing Plant

Marula Mining PLC

("Marula'' or the "Company")

30 March 2026  

Update on Kilifi Manganese Processing Plant Operations

Marula Mining PLC (AQSE: MARU A2X: MAR) an African focused mining and development company is pleased to provide an update on operating activities at the Kilifi Manganese Processing Plant (the "Kilifi Plant") located in the Tezo Area, Kilifi County in Kenya and its manganese sales to be concluded under its Agency Framework Contract with Baosteel Resources South Africa (Pty) Ltd ("Baosteel").

The Company can confirm that the purchase and transportation of run-of-mine manganese ore to the Kilifi Plant commenced last week and is continuing.  The transportation of this material, under an existing haulage contract, is set to increase over the coming weeks in order to meet the budgeted production levels of the Kilifi Plant and the previously announced planned manganese sales to be concluded under its Agency Framework Contract with Baosteel from April 2026.

The run-of-mine manganese ore now being delivered to the Kilifi Plant is currently being stockpiled in the 'high-grade' run of mine stockpile area, separate to the 'low-grade' stockpile area already designated for the proposed sales to Jindal Pelletising LLC. Upon the pre-determined minimum stockpile levels being achieved, processing of the run-of-mine manganese ore will then commence through the Kilifi Plant.

Sampling of the run-of-mine manganese ore continues to be undertaken at both the mine site and at the Kilifi Plant, under the Company's standard operating procedures, with the assay results used to determine both feed-grade to the Kilifi Plant and to settle run-of-mine manganese ore purchase costs. Sample preparation is completed on site at the Kilifi Plant's established laboratory, and sample assay work is also completed independently in Nairobi.

Processing of the run-of-mine manganese is to commence in April through the established and permitted Kilifi Plant and will then continue on an ongoing basis. Transportation of the processed manganese ore, for export through the Port of Mombasa, is also expected to commence in April 2026.

The Company's Executive Management and Kilifi's operations team, are co-ordinating with Baosteel in South Africa to arrange export sales, including delivery and shipping arrangements with customers procured by Baosteel acting in its capacity as agent under the Agency Framework Contract and execution of the specific purchase contracts for each export consignment in accordance with the agreed terms.

The Company will provide further updates as operating activities continue and increase at the Kilifi Plant and as export sales and as each purchase contract, for each export consignment, is completed with Baosteel under the Agency Framework Contract.

The Directors of Marula are responsible for the contents of this announcement. This announcement contains inside information for the purposes of UK Market Abuse Regulation.

ENDS

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 critical mineral mining operations and mine development and exploration projects in East and Southern Africa. 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, 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.

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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.