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Conservative manganese production 17kt per month
https://twitter.com/JB_MiningAfrica/status/1776148246714351837?t=51V3hP6G90n9p9S5cdwzrw&s=19
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Manganese prices up 33% in the last week
https://x.com/JB_MiningAfrica/status/1790031106911219967
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Manganese blasting this week and sales next week $$$$$$
https://twitter.com/JB_MiningAfrica/status/1790032210654794171
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Targeting $15m profit per year to Marula
https://twitter.com/Chuggley1/status/1790035622876381642?t=Go99wrC9HV9wmwSv-v_ftg&s=19
Jason has indicated that he is still shooting for a Dividend this year.
"Declaration of any dividend will be subject to Marula maintaining a minimum net cash balance of GBP 10 million (after the payment of any dividend)."
There are also exploration and development requirements which could be around £5-10m.
This suggests to me we could have around £25m profit or larger in 2024. Using a fairly average P/E ratio of 10x would put the market cap at £250m.
Based on 300m shares in issue, that would be a share price of 83p by end of 2024
This is especially prudent right now as we are on the eve of first revenue and soon the company will be carrying out blasting activities at the Manganese mine in Kenya.
There is also a separate pledge for donations on the telegram group. Here are some of the contributions pledged:
https://imgur.com/a/GIdbjV2
Posted on telegram this AM:
Good Morning,
I hope this message finds you well. I am reaching out to you on behalf of the Mayflower Children's Foundation, a charity dedicated to improving young Children’s Education, health, and well-being in Kenya, where Jason Brewer is one of the directors.
In collaboration with Marula Mining, and in light of our agreement to broaden our shared commitment to corporate social responsibility (CSR) initiatives, particularly in communities surrounding the Larisoro Mine in Samburu, Kenya, we are launching a critical initiative to improve education in the area. As stated in recent announcements https://www.aquis.eu/stock-exchange/announcements/4503282 we have collaborated with Marula to meet the educational requirements of children at Nakwamor Primary School, a key institution in the area.
I am reaching out to express the need for your support in a cause that is close to our hearts.
As investors who have already made significant contributions to Marula Mining Plc, Shuka Minerals, and Neo Energy Metals, we deeply appreciate your commitment to making a positive impact in our community. We are now asking your aid in a key endeavor: Enhancing educational possibilities for the pupils of Nakwamor Primary School in Samburu, Kenya.
Nakwamor Primary School is situated in the Northern part of Kenya where Access to educational materials and facilities is significantly challenging. This school serves over 100 youngsters who deserve a good learning environment. Unfortunately, a lack of basic amenities such as desks, stationery, and uniforms limit their capacity to succeed academically.
To address this pressing issue, Mayflower Children’s Foundation has launched a fundraising campaign to provide the necessary resources for Nakwamor Primary School. Our goal is to donate 100 desks, along with stationery and uniforms. These items will not only enhance the learning experience but also instill a sense of pride and belonging among the students.
A $34 donation will allow two children to focus comfortably in class by supporting the purchase of one desk, and as a sign of our gratitude, we will brand the donated desks with the name of the kind donor. Your contribution, regardless of size, will have a tremendous impact on the lives of these children and the future of our community.
By supporting this cause, you are not only investing in the education of disadvantaged children, but also empowering them to break the cycle of poverty and create a better future for themselves and their families. Furthermore, your involvement will demonstrate your dedication to corporate social responsibility and generosity.
To donate, please visit our M-Changa page https://www.mchanga.africa/fundraiser/96985. Alternatively, if you would want to take a larger role and sponsor these activities through the Mayflower Children's Foundation, please do not hesitate to contact me directly.
Lithium
$1m revenue target for May.
Tomra sorter to be delivered and commissioned on site this month, along with offtake established for byproducts
Tomra sorter can handle 4x as much material as the existing Rados sorter which has been running since January
$5m revenue in June based on ramp up of lithium + byproducts?
At full production in July, could we be making $10m a month from Blesburg? at around a 75% gross margin? Project is 100% owned by Marula with adjacent licenses being explored
Manganese
2kt of product already waiting to be sold. $200 per T = $400k
10kt per month production target = $2m per month. Project is 60% owned by Marula
Copper
Kinusi report has been completed and we await the RNS on the contents
First revenue was targeted for Q2 2024. This will ramp u to full production in Q1 2025 by which time, at current copper prices, we could be talking $20m a year profit. Project is 70% owned so $14m profit a month to Marula
All of the above does not include rapid development which could be achieved when the $100m funding package for Marula is announced within the next 3 to 5 weeks.
Figures are based on 30ktpa so Capex per ton. But with the addition of 2x pre-concentrate units, does this bring the nameplate capacity back up to 30ktpa? They shouldn't cost too much so would not affect the Capex/ton figure too much. Or is my understanding here incorrect?
Opex at current production rate I feel is unfair to predict as all other operations are conceptual, and as we know, Syrah's OPEX came out around double that predicted in DFS. I guess, a concercative calculation would be to increase the Opex by 1/3rd but in reality it may not be as large as this.
In regards to what it has cost CAPEX wise, I completed this table in july 2023 with the relevant PFS/DFS and costs for around 30 listed graphite companies.
https://docs.google.com/spreadsheets/d/1FLftXFG0DPw82KsAubO1r4i3hstrjWW3/edit?usp=drive_link&ouid=111843982053030047661&rtpof=true&sd=true
The evidence is showing that Tirupati did produce the cheapest Capex plant. How the Opex stacks up at steady production is still to be determined as at the low volumes of 2H from the latest full year report, it is an unfair comparison of the OPEX at full production.
I would guess they are still lowest quartile, hard to compare with only two or three other graphite companies currently producing.
He made his billions successfuly mining in Africa over the past 20 years and comes from a mining family. So I would say he knows quite a bit.
https://youtu.be/zPPLlDLBUcU?feature=shared
Here is a link to the QGC founder Q u i n t o n
being interviewed by Zak Mir
https://shorturl.at/cetzI
I especially enjoy the part where he says the value of marula is currently 20x to 30x undervalued. The share price at that time was 8p.
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Bang up to date, two interviews from this past week
Zaks Traders Cafe
https://youtu.be/mB3ojYtJkOk
StockBox:
https://youtu.be/ztBXBAd15kM
Bilionaire south african early investor and largest shareholder interview from last year
https://youtu.be/j5vofpzrxco?si=5sdrlzrfojyfv1xq
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graphite webinar. jason brewer the ceo talks at 53 minutes. indicates that the byproducts from blesburg lithium mine are potentially worth more than the lithium. production output rate expected to be 5k tonnes a month of 6% li2o
https://www.youtube.com/live/tdcnhiasyyk?si=rpzlgkglm5_eyeiw
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biztech academy ceo interview from last year. great introduction to marula
https://youtu.be/oiugooyx8lc?si=hlsqsf36eibwsu4t
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the feldspar byproduct at blesburg worth $54m
https://twitter.com/jb_miningafrica/status/1778373707347403200?t=ncrvc6jpsk7ijvvdhbfnfq&s=19
https://postimg.cc/Z0JGrgc3 (screen shot of tweet)
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twitter post of kinusi copper mine economics. this is based on direct sold ore. the plan is to rapidly transition into copper cement which will have lower transport and higher recovery prices. notice also $15m profit a year is based on $8500/t copper. today it is $9900/t and rising.
https://twitter.com/jb_miningafrica/status/1785587543108440312?t=3mt6_h81pf8ja1ffci84wg&s=19
https://postimg.cc/QKMYv24y
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table showing economics and $276/t processing cost per tonne of 6%li2o at blesburg
https://postimg.cc/6TzDz0jP
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link to spreadsheet with all projects, outstanding warrants, rns links and videos. credit to kev on telegram.
https://mobidrive.com/sharelink/p/3roaltrnizctnup3ycawr25e9qskdd6ddjgn27ajh5xj
The partner came onboard with 100m shares at 3.75p!
We don't need any other partners, everything is now self funded from free cash flow starting from this month. Yes, first sales this month. That's like 5 x daster than KOD
The motive has always been to progress assets in tandem. This has been RNS'd as far back as Jan 2023
https://www.aquis.eu/stock-exchange/announcements/3949540
Hi Daz. Your gonna love this one!
We got an update on the copper mine. Looks like 2.5MT ore can produce an NPV around $100m. Exploration target is 50MT.
They will also change this to a 90% copper cement process which will slash transport costs and improve recoveries massively.
Here is the info you were waiting for. The source is twitter and not official RNS so you may be dissapointed but this is showing ballpark $100m NPV ($15m profit per year from start of 2025) based on 2.5MT resource size. The exploration target is up to 50MT and they plan to move into the production of copper cement which will improve recovery and slash transport costs
https://twitter.com/jb_miningafrica/status/1785587543108440312?t=3mt6_h81pf8ja1ffci84wg&s=19
Chance to get in before this is officially RNS'd
Rains, if you are reading.
Here is the info you were waiting for. The source is twitter and not official RNS so you may be dissapointed but this is showing ballpark $100m NPV ($15m profit per year from start of 2025) based on 2.5MT resource size. The exploration target is up to 50MT and they plan to move into the production of copper cement which will improve recovery and slash transport costs
https://twitter.com/jb_miningafrica/status/1785587543108440312?t=3mt6_h81pf8ja1ffci84wg&s=19
Those images again as links didn't work
https://postimg.cc/Z0JGrgc3
https://postimg.cc/QKMYv24y
https://postimg.cc/6TzDz0jP
bilionaire south african early investor and largest shareholder interview from last year
https://youtu.be/j5vofpzrxco?si=5sdrlzrfojyfv1xq
graphite webinar. jason brewer the ceo talks at 53 minutes. indicates that the byproducts from blesburg lithium mine are potentially worth more than the lithium. production output rate expected to be 5k tonnes a month of 6% li2o
https://www.youtube.com/live/tdcnhiasyyk?si=rpzlgkglm5_eyeiw
biztech academy ceo interview from last year. great introduction to marula
https://youtu.be/oiugooyx8lc?si=hlsqsf36eibwsu4t
the feldspar byproduct at blesburg worth $54m
https://twitter.com/jb_miningafrica/status/1778373707347403200?t=ncrvc6jpsk7ijvvdhbfnfq&s=19
https://ibb.co/bbm1jmh (screen shot of tweet)
twitter post of kinusi copper mine economics. this is based on direct sold ore. the plan is to rapidly transition into copper cement which will have lower transport and higher recovery prices. notice also $15m profit a year is based on $8500/t copper. today it is $9900/t and rising.
https://twitter.com/jb_miningafrica/status/1785587543108440312?t=3mt6_h81pf8ja1ffci84wg&s=19
https://ibb.co/0kp4kxv (screen shot of table from tweet)
table showing economics and $276/t processing cost per tonne of 6%li2o at blesburg
https://ibb.co/g3104y8
link to the telegram group
*************marulamining01
link to spreadsheet with all projects, outstanding warrants, rns links and videos. credit to kev on telegram.
https://mobidrive.com/sharelink/p/3roaltrnizctnup3ycawr25e9qskdd6ddjgn27ajh5xj