Marula Mining Share Chat (MARU.PL)

Https://www.lse.co.uk/rns/MARU.PL/update-on-blesberg-spodumene-sales-772sdluk3l0p1e9.html

Aiming to produce 10k tonnes of spodumene in 2024 with offtake for by-products to follow shortly.

That is around 1600T a month July to December.

Expecting by-products to be worth the same or more as the spodumene

Without by-products = $11m revenue

With by-products = $22m revenue?

Cost to mine around $276/t

All in sustaining cost around $500/t so $5m based on $1100/t spot price of SC6

Nice. Nice RNS. Much needed update on old bles. Hope JB puts lithium back on the menu and keeps us up to date on the operations there.

$100m F9 funds soon to be announced with a portion being allocated to carbonate/hydroxide expanded processing at Blesburg

auoinvestments.com

LATEST

PROJECTS

MARULA MINING

Blesberg – South Africa

Located in the Northern Cape Province of South Africa, the Blesberg Project Mine stands as one of the largest known pegmatite deposits with significant mineralization. Throughout its history, it has been recognized as the primary source of tantalum in the country.

The lithium grades observed in the sampled materials exhibit exceptional quality and value, presenting an opportunity to extract a high-grade lithium product from the existing stockpiles. This approach allows for efficient recovery without the need for substantial upfront capital investments or extensive mining and processing expenses.

Exciting developments are underway as we have recently deployed new equipment to the site, enabling Marula Mining to expedite the reprocessing of approximately 250,000 tonnes of stockpiles. Our focus will be on extracting spodumene from these stockpiles, facilitating subsequent sales of this valuable mineral.

LOM 10 years

Resource:

Measured 1.1MT

Inferred 4MT

Mineralisation

Spodumene 6-12%

Li2O 6%

Feldspar 8%

Tantalite 0.04%

Https://x.com/MarulaPlc/status/1803796764673130843?t=Dw9r0SCmN8MsxoyQXA6cDg&s=19

Aiming for 10kT minimum

Oh Andii

He can aim for 100kT it doesn’t mean anything coco fails at everything

He will be lucky if he does 5kT and that’s by the end of next year 😂😂

Hoofhearted,

As an impartial observer. If you distrust the CEO this much I'd sell up and get out. Buy another stock in which you're confident of the BOD. It makes good investment sense and you'll sleep a little better.

Cheers for the advice tom, you don’t mind if I ignore your advice and as for sleeping like a baby fella. No problem at all with that.

Unfortunately most CEOs lie, I wouldn’t trust any of them. We have the assets, but unlucky for us we have a lying clown in charge of the company.

Just hoping that at some point Q steps up and takes charge which will happen at some point.

Hoofhearted,

I do hope Jason occasionally reads these messages. If I was him I'd be looking to have you for defamation. I'm with tomhuk. Sell up and move on, if its not giving you sleepless nights you still seem to be spending too much time on this.

Hi HoofHearted, it's silly sausage here.

You will never be satisfied will you. As tomhuk2000 quite rightly said sell up and get out. If you are still invested why? I don't believe you are invested at all now. If you are and you don't believe what Jason says you are a fool and deserve to lose money.

Well, there's no helping you Hoofhearted

Although, I have come across many like you in the past and I doubt you're invested, therefore what is your motivation?... Either you've been burned in the past and lost money and have a vendetta against the company, or you are looking to achieve a lower price to buy in... Just like all trolls.

So either you are a fool and a terrible investor and willingly keep your money in a company where you don't trust the BOD... Or you have insidious motives at play aimed at either depressing the SP for your personal gain or you are slandering the company out of personal bitterness.

MARU and Jason are not without fault here, but because of your potential motives and the rather petulant way you conduct yourself and present your arguments, sadly for you, no investor worth their salt would listen to you or take your advice.

Good luck with your investments, I hope you have more confidence in your other stocks.

Whofarted got bugger all invested here.What I want to know is whofarted turned up again yesterday then a short attack on sp.Low and behold RNS out today.Dodgy stuff going on here.I cannot fathom why this share is so sensitive to the downside.

Firstly I reckon I have more invested here than any of you.

Where was you all yesterday or earlier when I was digging out Jason. No where to be seen because you know what I was saying was true and you had no argument against it.

Coco comes out with a desperate RNS and spreads more jam and as long as there is a few of you ganging up just like the TG then you’re ready to have a go.

But you still have no argument all you have is sell up, your looking for a cheaper buy in price or your not a holder.

A great RNS has just shown that Jason has failed again.

Also I would love Jason to try a defamation case against me, all his lies would be made public. Everyone would see what a clown he is

I was buying shares 68k at 7.17

2 - 4 week sales process left for first blesburg lithium revenues. That is good and it's in an RNS.

Honesty though where is Q? Logistics issues sound like something we shouldn't have to deal with being affiliated with the top mining billionaire of SA?

Maybe Q's shares haven't been released from Escrow yet and his friends haven't been able to buy as the A2X listing doesn't work so he is not allowing any transport. Or maybe it is too risky with a general strike happening in the south african coal industry as Q's fleet of lorries usually carry coal.

Where is q - well firstly I think this is only a small part of his empire - I wouldn't expect him to be over logistical details surely.

Secondly south africa has become a bit of a basket case over the last decade with rolling power cuts etc but with the recent election things should become more positive over the next 5 years which is my horizon ahead of hopefully a peaceful and prosperous retirement !!

Whofarted with his 10 shares haha

Whofarted with his 10 shares haha

Here is the Q interview from the end of 2023 again

https://youtu.be/j5VOfPzrxCo?si=mUO9JVskkP05o-Ft

From telegram:

Geography of our manganese. Kilifi (the second Manganese mine to soon be announced) is a town on the coast of Kenya, 56 kilometres (35 mi) northeast by road of Mombasa. and that news about lower shipping rates in Mombasa (22.5.24: - sea freight costs out of Mombasa have fallen dramatically) would persuade me to forget the (Blesburg) S. African port issues (up to Fujax to resolve) and focus, currently, on getting as much out thru' Mombasa as one can. Kilifi may be lower grade than Lari, but the transport costs for Lari (further to port) look compelling for Kilifi (a bigger resource also). https://www.distance.to/Samburu/Nairobi

Have a look at CPX . Done a reorg. Do your own research.

No thanks

Apologies for the boring and bland statement coming up.......All we need here is patience!

Hi wish

How are you, I hope you are keeping well.

Hi Hoof, kind of you to ask, unfortunately my wife and I tested positive for Covid yesterday and we are both feeling pretty rough! Hope you are well and enjoy the soaring share price when it comes.....fingers crossed!