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
**
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
**
"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
**
"Marula mining prepare to start deliveries of lithium"
Video from 9th May 2024
https://youtu.be/ztBXBAd15kM?si=t-6xUlw1-hFUQUUK
**
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
******
#MARU #lithium #manganese #copper
Following on from yesterdays Manganese RNS.
https://x.com/Mastermines_CN/status/1795419557080768791?t=L5JYI4ocgUL8xgAfH8__Ug&s=19
"Comilog has released its quotation for July #Manganese shipment much earlier than expected.
USD$8.1/dmt for its Gabon ores, 20% increase vs June's US$6.9/dmt.
What's at play here? Too many sales enquiries or locking in future prices?"
The tweet is later corrected to say it was actually $8.3/DMTU
This compares to the $3.9DMTU published in March
Page of cups, I think you need tonresesrch Jaspn and Q u I n t o n's projects in a little more detail. They only invest in projects that will start earning profits and dividends in very short timeframes.
Take Marula's "Blesburg" lithium project - QGC involvement announced January 2023 and first production was January 2024.
They do all the mining studies and DD inhouse and start designing and installing production equipment from day 1. You are talking months not years to production and all going well, free cash flow in under a year as all projects they find always have IRR figures over 100%
Video of blasting at the Manganese mine earlier today
https://x.com/Chuggley1/status/1794809282732732442?t=b7AzTW-XH7aK4FHkMLXthg&s=19
In-situ values of recoverable material
Kinusi average grade 5% (only targeting the high grade zone) and 20MT x $10,000/T. 75% recovery but byproducts would hedge against this so 20,000,000x10,000x0.05= $10b. 75% owned so $7.5B
Blesburg average grade 0.8% plus byproducts brings this up to 2% x 30MT wider resource including inferred x 75% recovery = $8.249B.
Increase that to $12B once carbonate plant is fitted
Korridor is 80x larger than Blesburg so lets call it $20B
Graphite project 20ktpa x 10 years at $1250/t = $250m
Manganese 300ktpa 70% owned say 200ktpa to Marula, 7 year mine and $250/t revenue = $350m
Sum of parts of these 5 main projects = $45B with further upside potential at every one and more acquisitions being talked about. If Koridor truly is 80x larger than Blesburg and extensively mineralized, this could be an absolute game changer
For reference, GGP own 30% of a $12b in situ resource and their market cap is currently £373m
Linked to the wrong youtube video. Second time lucky
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
#MARU #lithium #manganese #copper
Here is the Q&A section which followed the presentation
https://youtu.be/OyCKIv1w7Cg?si=K9ABE0nLCrBFvT1g
Full year report due before end of June.
Interm revenues will likely appear in RNS in quarterly updates or when received.
We haven't received any revenue in 2024 yet but are aiming forn$1m this month and a lot more next month
No worries Tebbin.
The youtube video I linked to the indaba #MARU presentation was the whole 8 hour presentation. Here is the 20minute Jason Brewer section
https://youtu.be/UiiDQpaqghc?si=Qb0LrGWeYYlljxAv
He talks about Blesburg lithium mine from around 7 minutes
Here is the presentation he is using
https://marulamining.com/assets/files/2024/presentation/Marula_Corporate_Presentation_May2024.pdf
A lot of talk about first revenue from both Manganese (the mine was invested in 3 months ago) and lithium before the end of May. The profit margins sound eye watering (on lithium) as the byproducts should more than cover all operating costs
The video presentation condensed into 5 minutes
https://x.com/MarulaPlc/status/1793539526423621655?t=yuIpIcxgf6EMeOM7osaoGA&s=19
Jason doing a presentation today
https://www.youtube.com/watch?v=Jh6qbpqGPNI
Manganese sales complete by end of this week-
250-500kt per annum target
9km strike, less than 2m deep
looking to join 3 smaller pits into 1 big one 1-12m deep
- sea freight costs out of Mombasa have fallen dramatically
Copper – Kinusi (Tanzania)
Just over 1km strike – 20m wide
Production in q4
mining licence in place
6% copper being discarded as waste by artisnal miners
H2 development - processing equipment on site in July
Doubling licences from 10 to 20 over next month
CPR at Kinusi - September
Graphite flake (Tanzania)
3km strike
1000$/ton(unprocessed), and - post-processing – a much higher price, production in H2
- Graphite at Nyori - processing plant being looked at and into production before yr end. Resource work on Copper and Graphite completed by end Sept
- Blensberg - Funding secured - end July for carbonate plant
Also looking at producing solar hub to power blesberg and NEO at Henkries
CPR on Blesberg out mid June
Drilling and blasting at Blensberg to commence this quarter
- was hoping to announce new acquisition today - even had breakfast meeting on Sunday - but not quite ready
one also next week
Direct link to file
https://t.co/bpUlZXovd0
Https://x.com/marulaplc/status/1792800281941639601?s=67
#maru 50 page report out today. CEO Jason B is at an Africa indaba mining conference today
"Marula mining prepare to start deliveries of lithium"
Video from 9th May 2024
https://youtu.be/ztBXBAd15kM?si=t-6xUlw1-hFUQUUK
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
Offtake agreement discussed. Targetting 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
1st May 2024
https://twitter.com/JB_MiningAfrica/status/1785597723866996973?t=HCuQbbIOSMdaB2pPtaPtbg&s=19
"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."
5000T extra above the original 2000T of manganese stockpiled ready for sale https://x.com/jb_miningafrica/status/1791330598448976242?s=67&t=vC2CFL3GZPCQWix6S9rfGg
7000T at $120/t profit = $840k profit. 60% owned by Marula = $504,000 profit sitting ready to sell
At todays copper price of $10350/ton, the adjusted Kinusi revenue is 1.3119 x $28.5m/year which makes the revenue $37.4m. The opex consists of $10.9m/year which remains constant but cost of artisinal material increases from $2.7m to $3.5m. So profit is then 37.4 - opex (10.9+3.5) = $23m vs $14.9m previously.
An increase of 1.3119x copper price increases the profit margin by 1.54x
Pre tax operating cash flow of $136m over 10 years then becomes $209m.
And this is based on DSO processing and 2.5MT resource size. This could easily be 10MT so $836m free cash flow before tax is possible.
https://twitter.com/JB_MiningAfrica/status/1785587543108440312?t=3MT6_h81PF8Ja1ffCi84wg&s=19
The Kinusi copper processing plant under construction
https://twitter.com/MarulaPlc/status/1738179733869773312?t=G1mrdJZTkbREicOgzhjmoQ&s=19
Quite a lot of those things mentioned have orogressed apart from listings and Tomra delivery.
Here are notes from the following zoom call in March
https://docs.google.com/document/d/1OXucCyUJnw1YLVs2carsflmPQ9vJk_R2Ih8B6L_IOwU/edit