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Dee, can you show us on this doll where MARU touched you?
WTF is your agenda about? You repeatedly bring up the same mis information and are repeatedly corrected. A week later, you bring up the same agenda based attacks, raising the same incorrect nonsense.
What is it about really? Surely not your terrible decision to lose a lot of money in ACP over the last 2 years and you're jealous of a junior miner in the same sector? A competitor actually going places and releasing news, keeping shareholders informed, rather than one RNS every 3 months and pretty much zero progress in the last year?
Time to sell up those ACP shares, face up to reality, drop the personal agenda and come and make some real money with MARU. Start by doing a bit of actual proper research, not just cherry picking flawed and misinformation to push an agenda.
Https://twitter.com/JB_MiningAfrica/status/1771102517205586382?t=sw_ciSfcGCVoPdAlo1fttw&s=19
"In addition to the spodumene sales, Blesberg will also look to complete sales of:
⚒️ tantalite and coltan
⚒️ feldspar
⚒️ mica
These sales of by-product minerals have the potential to completely offset the operating costs to produce the lithium."
Https://twitter.com/JB_MiningAfrica/status/1771101570354016690?t=7HqaCXMzIQK3EKPQ3hoVZA&s=19
Between now and December 31st 2026, at todays lithium price, Marula are planning to generate $150m from lithium sales alone.
Add in the byproducts on top of that and we could be talking over $200m from that one mine.
FCF I'm guessing around $50m a year from Blesburg alone.
Kinusi copper mine expected to do similar things
Here is Jason's official reply to Dee's queries
https://twitter.com/JB_MiningAfrica/status/1771043837172982188?t=YxYWpoxQ8k9vcxeEMUujvQ&s=19
1)A great discussion with Dee who whilst asking some very pertinent and important questions unfortunately made some incorrect conclusions.
Our transaction with QGC has allowed us to rapidly grow our business with the support of a major mining company and investment house.
2) We've entered into a number of agreements with QGC and these have provided funding to advance our Blesberg Lithium Mine to production.
A lithium mine considered one of the Top 10 in Africa.
This funding has allowed us to develop and advance our other projects in parallel.
3)hese arrangements extend to co-development opportunities and also a broader relationship.
There are few other junior mining companies that have such a partner.
There are few other companies that have experienced such growth on the back of such support.
4)All of the agreements with QGC have been available to be reviewed by shareholders and investors.
These agreements have all been published and can be accessed from our website and through the 'Investors' section.
A commitment to our shareholders of being open and transparent.
5) I am sure you will agree that it is not often that junior companies make such documents openly and fully available to shareholders.
From the outset Marula has prided itself on being open and accessible to its shareholders.
I am pleased that this further demonstrates that.
----
The full suite of our share subscription, relationship and co-development agreements with QGC are available on our website along with the subsequent addendums.
A clear commitment to transparency and to our shareholders.
Link here >>> marulamining.com/qglobal.html
On the zoom call last night, Jason was quizzed on 70% owned Kinusi Copper project.
Here are the assay results from phase 1 exploration program (5th October)
https://www.aquis.eu/stock-exchange/announcements/4292346
So reading this again, the average grade of samples was 2.68% copper. This included samples of 0.1% copper taken outside of the mineralised zone.
High-grade assays from the Sasimo Prospect included 15.48%, 11.69%, 11.03%, 8.11%, 6.55% and 6.54% copper
the main Sasimo Prospect at Kinusi, where assays results of up to 15.48% copper have been recorded on the copper mineralised corridor that extends for over 1 kilometre (“km”) length and over 300 metres (“m”) in width and where an initial Exploration Target at Kinusi of a 10-15 million tonne (“Mt”) deposit of high-grade copper, gold, and other base metals was estimated by Geofields Tanzania Limited
The above to me suggests that the average grade of the 300mx1km at surface strike will be significantly higher than 2.68% copper.
The plan now is to initially go for a copper cement product which will be worth 80% of LME copper price (currently $9000/t)
Kinusi revenues will start in Q2 and are expected to be simmlar to Blesburg which we anticipate being over $50-75m/year lithoum + byproducts once production ramps up.
Full updated report due internally to Jason next week and an RNS update will follow.
Gotham, when Dee said zero drills have been put in the ground, he was referring to Kinusi high grade copper project, not Blesburg.
At Blesburg, 42 diamond drill holes have been completed for a total of 2,386.67 m drilled. AORC maiden resource declaration is due very soon based on the initial phase 1 drilling results and should be expanded further once phase 2 drilling is incorporated.
https://twitter.com/MarulaPlc/status/1732300256925123012?t=RiaIvIKuvx8fNGqqRzza_Q&s=19
As for Kinusi copper, phase one exploration was all about samples and trenching/assay results. That is all complete and provides sufficient data to build the phase one processing plant
https://twitter.com/MarulaPlc/status/1696440661002580354?t=yYNG2nHoxvZY6XiV2bmm3g&s=19
Phase 2 1500m drill program is still underway, I believe they are improving the access road for drilling equipment.
The original plan has now changed and they are targeting a copper cement product which achieves 80% LME copper prices/t (copper currently at $9000/t)
This was from last nights zoom call and from memory. A full report on the Kinusi recommendations from the new General manager Yana will be available to Jason next week and a full RNS update will be released detailing the results and plans for Kinusi.
There are around 200 messages a day in the Marula telegram group if anyone is interested in joining
to your question on why they need shares holders. *****on has the f9 fund too. they will also invest in his metals projects. if the company was private he would have a large tax bill. he could easily bring funds in. paying dividends is very tax efficient way of getting money twice yearly.
Blesberg has drill programs, satellite scans and plane RF scans.
https://x.com/jb_miningafrica/status/1721085593008894255?s=46
JB asked me to reply:
"Dee you made factual incorrect observations which were advised to you and which you have since failed to acknowledge or comment on.
No problems with you doing such an assessment but please have the decency to admit you made some mistakes and post such corrections. "
Why are so infatuated with a share youre not invested in. You wouldnt like people trashing ACP would you??
Https://twitter.com/GungHoStocks/status/1770929760085979599?t=IH0xXiDyc3zRRrcukuZvRw&s=19
I've tweeted my response to the comments he made on Telegram.
📢7pm Tonight, join #MARU's CEO Jason Brewer on a live interactive Q&A Zoom session.
⏳Time 7pm GMT / 10pm GMT+3 / 9pm GMT+2
📍 Zoom Link ➡ us05web.zoom.us/j/89158789787?…
Meeting ID: 891 5878 9787
Passcode: 5zN07K
Questions can be sent to info@marulamining.com
Zoom call tonight at 7pm, look out for link on social media
A £30m market cap (any day now with extra Q global shares agreed at EGM) and a years working capital.
I'm hoping the Nairobi and Johannesburg stock exchange listings happen this month and we get an RNS that revenue has started from the Manganese mine whish shoud cover the majority of working capital needs.
There is also the extra 43m shares at 10p Q global can subscribe to, maybe they will take a tranche and give us some extra working capital enough to satisfy LSE main market listing.
You wpuld think the LSE listing would happen quite soon after the others?
Andii. Thanks for all the information, plenty to come. I only really question the time frame for the LSE listing. I think it will take much longer, thinking Q3. So much expansion will be difficult to value. Same problem as Africa listings accountant's couldn't keep up. Will need a calm period to make valuation before listing.
Offtake agreement video interview:
Https://www.youtube.com/watch?v=b39sFN_hXcI
Key points:
◇Lithium asset only owned for 16 months
◇Test work ongoing to upgrade to a hydroxide or carbonate process $$
◇Targeting well over 5 thousand tones a month final product
◇Minimum average grade of 5.5% Li2O but targeting 6%
◇Total costs under $500/t including all fees and transport to port
◇Tomra sorter with 5x capacity due on site end of this month
◇Outputs will be spodumene, tantalum, feldspars
◇Increasing stockpiles of material at the moment ready for first sales in May
◇Mining equipment on site already is capable of much larger production volumes than the minimum stated in the offtake agreement
◇80% payment at port in Cape Town will help with working capital and other mining projects within the portfolio $$
◇Mining plans already submitted for a 10 year operation but plans to extend that well beyond 10 yrs
◇Plans to open satelite mines and go well beyond 5000T/month (very easy to do under current licences on adjacent properties)
◇Mining engineers and process engineers doing all the analysis and mining studies, no funding required so no need to spend time packaging the data into publishable feasability studies
◇Test work, drilling, resource studies and mining plans done. Funding there, equipment is on site.
◇Why no pre payment on the offtake? Because they don't need it!
Jason Brewer
@JB_MiningAfrica
Feb 22
"This video also shows recovery of the by-product minerals such as tantalum and feldspar.
When you count these "by-product credits" it more than covers the majority, if not all, of the operating costs to mine and process the spodumene ore.
Now thats low-cost."
https://x.com/JB_MiningAfrica/status/1760655136882327939?s=20
Kodal plant Capex $150m
Yearly production of SC6 238kt
Total cost including transport $474/t
SC6 price $1060/t
NPV $760m
Total life of mine revenue $2.145b
Share price today £88m
51% of their shares owned by a chineese investor
Plant due online Q4 (2024 but nobody expects this target to be met).
Does anyone know if Kodal has to repay any debts, do they keep 100% of the offtake?
Maru
Capex $5m
Yearly production 90kt SC6 equivalent(60kt Li2O+tantalum+coltan)
Total cost including transport $450/t
SC6 price $1060/t
NPV ? Based on a 10 year mine life, $500m+ is possible
Total life of mine revenue $900m
Share price today £20m
Modular plant which could be expanded in size as the resource is further defined. Also graphite and copper assets due to come online this year and current debts only a few million $.
The new plant actually has three containers. See photos of before and after comissioning.
https://twitter.com/AndrewMathieso3/status/1770246293190762579?t=QECC2nz6Kgc07wNPgmcEuw&s=19
Daz, that small portacabin and rig currently capable of 2000t a month was delivered and commissioned over a weekend. It is modular and can be re-located if and when required.
There is an additional unit on the way to increase the capacity to 5000T/month.
This is a dry direct ore sorting so no chemicals, hardeners, PH sensors required. There is no delay in bringing the plant online, no commissioning issues which can happen with a wet concentrate plant with impurities.
AISC is $400/t including transportation. The product being sold is SC5.5-6.6 which should average over $1000/t plus $500 byproducts. So $1500 minus AISC = $1100 x 5000t near term capacity = $5,500,000 a month profit.
Total Capex for all plant and mining equipment plus exploration budget so far is under $5m
The company have told us that the initial exploration (results pending) supports an operation for 10 years.
So in 18 months and for $5m the company are on track to make over $50m profit a year.
Oh, and they keep 100% of the profits and will share those profits with shareholders as Q global who provided the financing in return for 100m shares wants to get repaid with dividends (starting as early as 2H of this year)
Daz, here's the source
https://ibb.co/1dYQrTq
Try this link
https://youtu.be/j5VOfPzrxCo?si=mMlTCjec7W7pR3YC
just answers to dee patels incorrect research. im not sure a billionaire like *****on is going his money.
he started from nothing his interview is here and what he wants.
https://youtu.be/j5vofpzrxco?si=caij072g84oshnpo
Andii
You like sound of your own voice mate ?
11. any debt accrued to q global or subsidiaries can be waived in exchange for shares?!?!?! this is for up to 6.25p per share? so over 50% discount to the current price? this can happen at any point between now and 31st december 2026? aggregate consideration for 147,800,000 shares is: £8,530,000. take away £1 million for drilling, £750,000 for one of the ore sorters, plus other potential costs leaves a total of: £6,780,000 minus any debts for services rendered to q global.
incorrect again – it only falls into the final discretionary tranche of funding converts at 10p, which at the time of agreeing the additional tranche was where we were trading – hence why it was agreed to.
and show me a junior mining company with anywhere near access to that £6.8 million of available funding.
12. i didn't factor in the tanzanian budget which is on the next chapter. leaves a total of £4.68 million less any costs for services rendered by q global.
yes and we have that tanzanian budget fully approved and funded across the graphite and copper projects.
again show me much at least a number of other junior mining companies that are also fully funded into this.
13. if q global get to 51%, they effectively have the right to never own less than 51%. they will be at 46.3% of the fully enlarged capital. that also doesn't include what they can charge marula for services rendered. going of previous history and acquisition of projects, a lot of the considering has been both cash and shares. i would expect some of those services rendered to be paid back in cash as well as shares.
not sure you’re opinion or expectations carry much weight and are close to reality or what is likely to happen given how wrong you have been on a lot of your so called research!
14. takeover panel rules are an absolutely nightmare to navigate. i have no idea how holding over 50% will further impact on marula from a takeover panel standpoint.
if you are going to make such a broad based comment on this then i suggest you at least do some research – oh i forgot , based on the above you are actually not too good at that are you.
15. how much are these total debts/services rendered going to be exactly? what mechanism is in place to regulate it? can q global bill whatever they like?
it depends entirely on what services are provided. but there are board structures and independent directors on the board which opine on this.
it also comes down to whether we need any services from them and as it stands at the moment and going forward, i’d suggest that is not really the case and that is despite them possessing some great mining, processing and logistics professionals as well as financing capabilities too.
*****on will be just one of 6 board directors and to suggest that they can bill ‘whatever they like” really is disingenuous to the board structures, the other directors and somewhat insulting.