Marula Mining Share Chat (MARU.PL)

First sales due by the end of May

Some recent communications on Blesburg

Offtake agreement discussed. Targeting well over 5000T a month. Minimum offtake is for 50,000T by the end of 2026 which is less than 2000T a month

19th March 2024

https://youtu.be/b39sFN_hXcI?si=0o8SieOSuz-qNfHG

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53minutes Jason speaks. At 1hour18 minutes he tells us that feldspar revenue could equal the lithium revenue. Feldspar is a free byproduct.

10th April 2024

https://www.youtube.com/live/tdCnhiaSYyk?si=Jh3XD0h736tkKmlK

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"Phase I and II diamond drilling completed in November and December 2023.

The combined Phase 1 and Phase 2 drilling programs comprised 42 diamond drill holes for a total of 2,386.67m drilled.

All samples sent to ALS for assays."

"Phase I assays being re-assayed given high content of lithium in the granodiorite - the host rock.

Indicating the spodumene lithium mineralisation is not just in the pegmatite zones but 'seeped" into the host rock and leading to wider lithium distribution."

"This will likely lead to larger resource size over a broader area and not just contained in the known pegmatite."

"Cores also re-assayed for additional minerals particularly beryllium which has been identified in high concentrations in the test work on the fines."

"Current price for beryllium is US$965/kg - so on a per tonne basis a potentially very valuable by-product at Blesberg"

"So the mineral suite at Blesberg is far more broader and significant than first thought and goes well beyond just the pegmatite and spodumene."

1st May 2024

https://twitter.com/JB_MiningAfrica/status/1785597723866996973?t=HCuQbbIOSMdaB2pPtaPtbg&s=19

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"Marula mining prepare to start deliveries of lithium"

Video from 9th May 2024

https://youtu.be/ztBXBAd15kM?si=t-6xUlw1-hFUQUUK

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Here is @JB_MiningAfrica doing a 20 minute talking at Indaba

23rd May 2024

https://youtu.be/tjY9GQ5vzts?si=6Op0zVK8vjkDJwUW

And the short 10 minute Q&A session which followed

https://youtu.be/OyCKIv1w7Cg?si=K9ABE0nLCrBFvT1g

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#MARU #lithium #manganese #copper

Reposting latest presentation videos from the 23rd of May

Here is @JB_MiningAfrica doing a 20 minute talking at Indaba

https://youtu.be/tjY9GQ5vzts?si=6Op0zVK8vjkDJwUW

And the short 10 minute Q&A session which followed

https://youtu.be/OyCKIv1w7Cg?si=K9ABE0nLCrBFvT1g

Andii

What has Jason said in all his presentations and interviews that has actually happened when he said it would.

Please tell me that somewhere in your deluded mind you think even for a split second that Jason is a bit of a liar and that you wished he would be more truthful.

I know the proper deluded like Marcus and Chuggs will never doubt Jason even when he finally tells one to many lies and the SP hits 5p.

I. Would love to write all the rubbish that he has said that hasn’t happened but I honestly haven’t got a spare half hour

A quick question was blesberg starting this May or next. More than likely delayed as he is thinking up excuses for the accounts being late again. Let’s hope we are not going to go through another suspension, especially like last one that was going to be sorted in a few days.

Well whofarted is back RNS close

i think you need to take a wider viewpoint and consider what has been achieved with zero revenue in 2023 and a ceo only taking $70k a year salary

marula mining (from july 2022)

under two years - what has been achieved:

added projects:

◦ blesberg

◦ korridor

◦ kinusi

◦ larisoro

◦ nyorigreen

◦ nyorinyori

◦ bagamoyo

◦ nkombwa hill

investigating further opportunities in

kenya / south africa / zimbabwe

2 offtakes agreed - lithium and manganese

sustainable mining

community engagement & mayflower children's foundation

qgc - backed by mining mogul *****on van der burgh

future funding - auo investments non-dilutive loan

dual listing on a2x

listings being progressed - nse / jse / lse

kenya manganese mineral dealer licence

large shareholding by ceo and regular ceo communication with shareholders

there is a chance to make say £100m profit per year starting this year. the jorc's we can assume are going to be in the many billions for each project going by qgc website synopsis.

there is a lot which is outside of jason's control and he can only do so much at a time.

prepare the accounts, aquire new licences, finalise shipment of two offtake agreements, oversee change of plans at kinusi plus delivery of mining equipment, negotiate hire purchase agreements, organise delivery of tomra, write rns's, sign off competent persons reports for three projects, manage exploration budgets and planning, oversee infostructure build out at kinusi and larisoro including roads, drilling and power/water, oversee creation of presentations, fly between kenya, south africa and the uk. also dealing with a constant bombardment of shareholder questions whilst carrying out interviews and zoom calls.

you get all this for £15m market cap. i personally have no issue with missed timeliness. why?

the original offtake agreement fell though because the offtake partner weren't being quick enough as marula are too small still.

royalties and licences take time to organise and timeliness can be announced based on information known at the time according to the offtake/government estimated timeliness but ultimately things can be delayed outwith management's control

https://www.share-talk.com/marula-mining-plc-video-update-on-blesberg-lithium-mine-spodumene-ore-offtake-agreement/

the dual listings require proof of working capital. marula is the first mining company to list on the nairobi stock exchange and the nse just went through a change of ceo. the marula prospectus has to be constantly updated with new changes of business so every window of opertunity when missed then requires a delay and resubmission.

https://youtu.be/aqzcprmvbb8?si=7zjdyz_xdydxzszx

larisoro could be worth billions and has gone from inception to revenue in 3 months. (no rns on the billions, going by qgc websitbe that i linked below, but all studies are underway and details will be forthcoming in the future) where is the praise for t

Where is the praise for this?

Blesburg was looking like being delayed by 3 to 6 months back in January. So Marula get to work and get Larisoro project kicked off. It is now online.

Could Blesburg have been progressed a few weeks faster without Larisoro, maybe? But Larisoro could be worth Billions. And at a minimum over $20m profit in 2025 at current phase one throughput.

Did bringing Larisoro on the books delay the dual listings? Maybe, yes. But it has allowed a very high margin business to come online. With known figures for what it has cost, the IRR looks to be over 100%. This is classed as exceptional in mining.

The board, and shareholders, should these decisions have been voted on, with all facts known, would always vote in favour of a new project of this quality over a dual listing. A dual listing is a nice to have, a new project bringing in revenue so quickly would always be a priority.

I really think you need to examine whether you want to be invested with Jason as CEO as what he is achieving is truly remarkable yet you keep accusi gbhim of being del boy and a lier. Really, consider what you are saying and try and appreciate the volume of work that is going on and how cheap Marula are.

KOD, kodal minerals - market cap £100m

Expected yearly profit based on KOD's first project based on their anticipated margin and 100% production = $60m/year

Thank you for the synopsis someone with a bit of sense.The accelerated timelines can be difficult to pin down.When you add burocricy to the mix headbanging Marula have done 18 months work in 3.The payoff is within acceptable timelines keep up the good work Marula.

Oh Andii you are a gullible silly little sausage.

So much rubbish I don’t know where to start but the really funny thing is poovone thinks you are talking sense.

Firstly A2X was a desperate move, he had promised NSE and JSE last year but obviously Jason talks the truth and it was someone else’s fault. It shows how desperate the A2X move was as I think we have sold £15.29 worth of shares on it but Jason lied when he said that half of all shares traded on the first day was done on that market. He even tweeted it which makes him look amateurish as the CEO he should have fact checked it first before making such a statement.

We are still waiting on the other dual listings, as you say Jason is making progress. He was making progress last year when he promised then by Xmas.

The OT was signed in March to start in May, plenty of time to sort that out as he had been stockpiling material for months as the OT was promised for Xmas. He even managed to mess that up. Jason can take a dead cert and still fail. If you look at his history other than looking like a dodgy car salesman he is a serial failure.

Everything else you have written is more garbage that comes out of Jason’s mouth, more jam he is good at spreading that.

Every RNS he puts out leaves more questions than answers.

Don’t put this down on me I’m just doing what Jason can’t and putting out the truth. Look the SP is back in the 7s, why? Because not just me but the markets doesn’t believe him, in fact all the good stuff you have put down on that deluded post the market thinks that Jason is a compulsive liar and doesn’t believe a word he says but hey I’m creating trouble.

Do you not ever look at the whole marula story and question it a bit. I mean if you are not then I think you really are a sausage because you should question everything when you invest your hard earned money on a cowboy like Jason.

And what has kod got to do with Jason.

I haven’t invested in kod and I’m not going to.

Maybe there CEO isn’t a compulsive liar, maybe investors dont think he acts like coco the clown.

I use KOD as an example because that project has taken what, 8 years so far? And as a comparison based on profits vs market cap.

There is a large percentage of shares not in free float so that puts downwards pressure on the share price shouldn't here be a delay (a 6 month delay now) to a project making money.

Let's take another example. PREM, 1p share price high, 0.1p today. Makes the drop from 14p to 8p not look quite so bad.

The old CEO of the JSE was hoping to have the dual listing complete in February. Some things can't be forced over the line.

The LSE main market listing is actually a relatively new development. It was QGC insisted we skip AIM as they know what the potential of the company is.

Andii me old fruit.

Stop comparing marula to any other share.

I’m not invested in them and will not invest in them.

I’m invested in marula because of Jason’s spill.

You do know we had a deal to supply material 18 months ago which is the reason a lot of people invested in marula.

Jason has managed to take a cash cow and made it into a comedy sketch all in 18 months. That is a good effort.

But but but Jason is awesome and communicates with shareholders. The share price would be a lot higher if he didn’t. If he didn’t communicate so much then he wouldn’t have shown the public that he is a compulsive liar.

Being given information is only any good if it’s true, like it actually happens and unfortunately I can’t think of any truths Jason has told.

By that same logic then Q u I n t o n lied in October and November in those interviews.

So by that logic, the two largest shareholders, the chairman to be and the CEO have lied to you on purpose. Maybe best you cut your losses.

I compared KOD and PREM because they are lithium peers operating in Africa. Its very common to talk about a peer and compare. And then note how their share prices have reacted and what their valuations are. That's generally quite common on shareboards

I don’t care about other companies, I have invested in marula.

What is quite common with a lot of CEOs is they lie and they lie a lot and Jason is up there with the best of them. He has a history of it over the years and most investors thought that he maybe changes but know he’s still got it.

As for Q, the interview in October he did talk a lot of rubbish. In fact that interview could have been written by Jason. I like the bit we will see true value in January. Are we seeing true value now as Jason has said when he is telling the market how awesome he is how much he has achieved this year. Is this our true value or are we seeing the consequences of Jason’s actions that the market has had enough of Jason’s jam.

Making money keeps getting put back, do you not ask yourself why.