REMINDER: Our focusIR Investor Webinar takes place TONIGHT with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Presentation being uploaded to the website next week
https://twitter.com/JB_MiningAfrica/status/1779130803370274983?t=IL-9avLXAEerEBxqoatISw&s=19
Updated list of projects, outstanding warrants and a list of all RNS's devided into individual projects. Many thanks to Kev on the very active Marula Investors telegram group. https://mobidrive.com/sharelink/p/3rOAlTRnizcTnUp3YCawr26Ez0b3lxSk3Wd0fb0hDCSj
Zak Mir and Biztech discuss Marula at 12 minutes in this video.
https://youtu.be/fvIQimW6c60?si=D2iarltiv4dWQP6z
Incorrectly identifying marula as an explorer when both Blesburg and the Manganese mine are producing right now although we are still awaiting the first sale. One thing for sure is the share price values us as an explorer.
As announced on 17 February 2023, upon the completion of the initial exploration program, Marula is required to complete a share-based payment of £100,000 to TMT through the issue of 799,361 new ordinary shares at a price of 12.51p, which is based on the 30-day volume-weighted average price ("VWAP") of the Company. The Company will also complete a share-based payment of £250,000 to NML through the issue of 1,998,401 new ordinary shares at the VWAP of 12.51p, as announced on 28 September 2023. In aggregate 2,797,762 new ordinary shares have been issued at a price of 12.51p per share (the "Milestone Shares").
"Blesberg has such a valuable assortment of minerals that extend beyond just the lithium bearing ores.
"We know that Blesberg was one of the major producers in South Africa of tantalum and we believe there is an opportunity through the sale of the coltan mineralisation that has been identified at the mine to materially enhance the project economics by concluding a standalone offtake agreement for this by-product of the lithium mining activities."
Featuring sovereign, panther and marula
https://www.youtube.com/live/tdCnhiaSYyk?si=oONUMr3O-Yi__fmf
Featuring sovereign, panther and marula
https://www.youtube.com/live/tdCnhiaSYyk?si=oONUMr3O-Yi__fmf
Check out marula mining.
https://twitter.com/JB_MiningAfrica/status/1778373707347403200?t=wD0PvChizU_mofH3tynNdA&s=19
$54m revenue from byproducts per year
Over $60m revenue from lithium SC6
Offtake shipments start in May. Already in production and building stockpiles ready for sale
Market cap under £15m
Last one Daz as you ran away from the Maru board.
https://twitter.com/JB_MiningAfrica/status/1778373707347403200?t=wD0PvChizU_mofH3tynNdA&s=19
$54m per year revenue from the byproducts alone at Marulas lithium mine
$54m revenue per year from Blesburg byproducts
https://twitter.com/JB_MiningAfrica/status/1778373707347403200?t=wD0PvChizU_mofH3tynNdA&s=19
#maru here is the video in YouTube format
https://www.youtube.com/live/tdCnhiaSYyk?si=oONUMr3O-Yi__fmf
At 1hr17m30s Jason talks about coltan sales two weeks after assay results come back from the offtake partner so potentially this month (£250k for the first 2t sample with a further 7t bagged ready to go)
At 1hr8m30s Jason talks about feldspar at todays prices being worth more than the Lithium.
Plenty of info on the dual listings and also the Manganese mine too
OK it's a pilot plant capable of doing 60ktpa. Nice pilot!
They are waiting for the Tomra sorter to arrive which has 4x the processing capacity hence they are just in the initial ramp up phase right now.
#maru here is the video in YouTube format
https://www.youtube.com/live/tdCnhiaSYyk?si=oONUMr3O-Yi__fmf
At 1hr17m30s Jason talks about coltan sales two weeks after assay results come back from the offtake partner so potentially this month (£250k for the first 2t sample with a further 7t bagged ready to go)
At 1hr8m30s Jason talks about feldspar at todays prices being worth more than the Lithium.
Hi Daz, you didn't answer my question over on the other board.
Here is the maths for you
Kodal own 49% of the Lithium project. Over 2025 and 2026 production rate is 125ktpa.
At todays lithium price that is $1150 minus $500AISC = 650 x 62.5k = $40m profit
Marula 60ktpa and AISC of $500 + another $1000/t minimum for byproducts = 1650 x 60k $99m profit
First revenue due this month
Https://twitter.com/i/broadcasts/1YqKDgLAPvoxV?t=7FV6Q9YR6hpDUKLhb2Cp3w&s=09
Around 1hour 10m.
Feldspar (one of the lithium byproducts) will generate more revenue than the lithium.
Lithium at 5kt a month will make over $5m revenue. With Feldspar we are talking over $10m a month.
There are multiple other byproducts all to be considered.
And copper
Manganese
Graphite
From the zoom meeting, the next items of news we expect before Easter break (so before friday)
10. Next news (likely before Easter 🐣) is:-
- Phase 1 graphite;
(high grade assay results for flagship graphite project)
- consolidation for Blesberg;
(adding more licences)
- Tomra arrival;
(final bit of processing equipment with 4x the capacity of the Rados sorter at Blesberg to bring capacity to 5000t of SC6 a month or over $5m revenue a month)
- Jana’s report for Kinusi
(including plans to produce a simple copper cement process which is 4x more valuable than concentrate)
Blesburg - first lithium revenue due in May
Kinusi - first copper revenue due Q2
NyoriNyori - first graphite revenue due 2H
Rain, they have only done geo samples and trenching assay results and tested samples on the pilot plant which hasn't been installed yet.
The variance in samples of between 7% and 31% with such a small scale means its impossible to release an official estimate.
We know the final milling circuit can do 5tph so at 24/7/365 that would be a theoretical max capacity of 42kt of 25% copper ore worth $1200/t = $50m but we don't know what gold byproducts are worth and we don't know the recoveries at scale or what the price of Copper will be in 2 months, or what improvements Yana has suggested that are to do with more valuable copper cement.
You missed my obvious mistake yesterday so you are clearly clueless.
You seem to think the economics of a mine revolve around some high grade drill despite disregarding the political, logistical, geographical and metallurgical challenges.
Low hanging fruit means high grade and low risk for all over the above^
You asked me to look at a certain drill hole of another project so I did and the high grade gold strike appeared 100m under surface. That's a lot of digging to get there and the pitnwouod be over 100km away from a biomass power plant that still requires built.
You are relying on $200m capex with a £15m market cap company. If you listened to the soon to be chairman of marula and succesful mining euntrepeuner being interviewed (link to youtube video in my post from this morning) you will know that he would never target a high capex deep mine. They only target mines that can have money spent on them to get into production in a year or less.
Your mine is on about year 5 of feasability studies still at the lre funding stage and you are trying to compare these two miners. You don't understand the different phases and their cash risks and are blinkered by feasability studies even when they aren't all that positive. Asiamet NPV 8 study has a variation where NPV is only $100m, and that's if the project comes in on budget and on time. $100m cash buffer over 10 years for a $200m+ capex project is high risk and if that's your reference point then I'm afraid I can't help you and your wasting our time here repeating the same mantra over and over like it has weight.
Kinusi is about 6 months behind Blesburg in exploration terms but is still deemed economical hence a phase 1 pilot plant is almost ready for delivery.
Further info due in RNS this week so please bore off with the tonnage semantics. I've given you the rough tonage maths as asked (a few times now, $12m rev yesterday and theoretical max $50m today based on 25% concentrate and not the talked about csment value add) the links, the videos, the released info.
Please stop, you know the story I've typed the entire thing, we did the hard work and your getting it for free without doing the hard work. It's actually insulting