Member Info for Andii

AUO haven't done JORC standard, but they are miners. Humour me and listen to the intimate interview with Qu in to n

https://youtu.be/j5VOfPzrxCo?si=wU-ZObpa1IEc3iYe

10:00 mine builder, technology group.

27:00 opertunity in Marula

29:19 not interested in complex projects.

33:15 majors take 5-7 years, forget that - low hanging fruit

Very lean, profitable

35:19 famous for opening multiple pits in a mine. Many pit operation, controlling the costs, low strip ratio

AUO investments which have been forwarding cash to support Marula have an inferred resource at 10MT and 3% copper on their website

https://auoinvestments.com/our-companies/

Alternative kinusi report if first didn't work

https://drive.google.com/file/d/1bUFX-wHsqvIgwdjvkfH6qM9zeXMCoVO7/view?usp=drivesdk

Here is a report on Kinusi created by investors for investors

https://mobidrive.com/sharelink/p/3rOAlTRnizcTnUp3YCawr238HXIVCuVfpoRabWv75eTj

Here is a list of all comapny RNS's broken down into individual projects

https://mobidrive.com/sharelink/p/3rOAlTRnizcTnUp3YCawr25VFTAl6uxMBMYCzMmAlPvz

Credit to Kev W on telegram

Phase 1 processing plant (to upgrade the lower grade material averaging 3-5% up to 20-25% sellable concentrate) is currently behind schedule. Not even sure if it has been ordered yet TBH

https://x.com/JB_MiningAfrica/status/1879037718984090091?t=LSKXM6wk-FaX1x9FYV_Q6Q&s=19

https://x.com/JB_MiningAfrica/status/1839564741628317791?t=hkbedEUogz8YasGiDaC67g&s=19

Metalurgic test work we have been told results came back but they are being reviewed prior to release. We have heard this before from other mines and the results have never been released. Anyway, they have been doing some testing towards the phase 2 plant as per photos in this tweet;

https://x.com/JB_MiningAfrica/status/1867562855681204465?t=MrlJU-0aWXaIhclRKruYPw&s=19

Richard the chairman and geologist is excited

https://x.com/JB_MiningAfrica/status/1849084320838762936?t=EfdcGQU8QrKVH_AVFw0jLQ&s=19

https://x.com/JB_MiningAfrica/status/1851547613008478470?t=ovP6L86mkdhzRU93fj07hA&s=19

https://x.com/JB_MiningAfrica/status/1849073376196710641?s=19

They have been drilling by hand

https://x.com/JB_MiningAfrica/status/1843522101611036852?t=k2YW9JiKiDv-iN81fSaw4w&s=19

The existing partner Takela have been on site for years miming by hand and making a profit. Marula are on hand to mechanise the process and step up volume with offtake agreements in place

Oh, and this will really impress you, they have a digger!

https://x.com/JB_MiningAfrica/status/1862063984423158203?t=3Hdk1I-_9QrW7I2ilZFcsQ&s=19

Photos of the copper report competed by Yana who was a mine manager with copper 360 previously. (This hasn't been released)

https://x.com/AndrewMathieso3/status/1859945888237654117?t=9MXJuOXDP5YDshDCIR4HwQ&s=19

And mine economics based on phase 1 plant only plus map of geological sample results competed by a company called geofields (from 2023 RNS's)

https://x.com/AndrewMathieso3/status/1839594478111510641?t=dBRfoobIozMUpZ0EfEsMNg&s=19

A theoretical lifespan of each leakbot of 15 years?

1.2m households? I asked Grok and it came out with 500 to 750k UK households.

Is every household applicable? The leakbot website states only houses and bungalows.

Lets rationalise this and say that there are minimum 400k applicable households that take up the offer. £24m per year recurring revenue a year.

This one insurance customer alone which was not even on our radar could increase the yearly revenue by 400%

A UK insurer is sending out letters to their home insurance customers stating that accepting and fitting a free leakbot is now mandatory if they want to maintain free water damage protection!

https://www.coveainsurance.co.uk/brokers/how-leakbot-can-help-our-customers/

“So at this point you are probably wondering what the outcome of our review was. After taking a conservative approach to the review and purposefully not including a “worst case” scenario in the estimates, our Claims experts agreed that the early notification of a LeakBot saved an average of over £10,000 of damage in each case.”

“If you want to see more feedback from LeakBot customers feel free to look at them on Trustpilot. And if your customers ask if there are any additional benefits to installing a LeakBot on their Covéa policy, here’s a reminder that we will:

- waive any excess associated with an escape of water for claim free customers or reduce a compulsory escape of water excess for customers who have suffered previous losses

- provide customers with an unlimited free Find & Fix service if the LeakBot detects any potential leaks

- not apply any premium loading at their next renewal in respect of any escape of water claims incurred after the LeakBot device is installed and activated.”

I can’t prove anything or give exact figures. I said estimated guess, and ballpark, then directed you to an RNS where Marula stated their manganese project was targeting over 100%+ pre tax IRR.

Those are the figures and this is the gamble and at a low market cap.

I’ve fed you the info numerous times on ADVFN and you still get it hopelessly wrong and are deliberately obtuse. Good luck with ARS and please go away

Here is one example (curtesy of grok)

Small, high-grade oxide mines (e.g., 5–10% Cu) using SX-EW, like early stages of Chile’s Zaldivar (pre-Barrick), have posted IRRs above 100% due to low capex ($100–$200 million) and quick ramp-up (1–2 years), but these are rare and often exhaust quickly

You are used to huge hige projects with grades under 1% where continuity is absolutely required. With small mines with grades over 20%, there is a lot of margin for error. I do t know the exact terminology, but you selectively mine veins and high grade zones opening new pits and closing them again if they aren't productive. Technology has advanced a long way in the last 10 years to allow this type of mining

Independent geologists gave that as an average estimate. The resource had been mined by the partner Takela for the last decade so they know what has already been mined. The mine would still be economical at 1% copper so a target of 3 to 5% is perfectly believable. There is a huge portion giving them 20% copper without being processed (see today's RNS). It's not rocket science is it

A lot of the lithium projects were over 100% IRR during the lithium boom cycle. They do exist. You need to get a rare set of events, high grade, easily processed, local infostructure available. Most of Marulas projects tick all of those boxes

Any project with 100% IRR is BS?

Go back 3 RNS's, Kilifi economics

"IRR - Pre-Tax

+100% p.a"

You aren't understanding the concept. The resource averages 3-5%. This is then upgraded to 24ktpa of 20-30% with some lower grade byproducts. These are then fed into the 10ktpa phase two cathode plant. The phase 1 plant will be fed something like 300ktpa, phase 2 plant will be fed something like 75ktpa to output 10ktpa (all just rough calculations). There will be concurrent drilling campaign and feasability studies carried out as free cash flow is generated from phase 1. Initially, phase 1 is easy as there is a 20% copper seam running for 400m bear surface

Bukowski, a Sw-Ex plant, I'm not sure but here is an educated guess.

The power is already there locally, as is the water. The phase 2 operatipn will be a 10ktpa plant fed partly by the phase 1 plant. (24kt of around 20-30% copper)

Judging by the economics of previous projects aiming to surpass 100% IRR, and as the ballpark revenue is $100m/year, (10ktpa x $10,000/t copper), and profit margin target is over 25%, logislc dictates that a phase 2 cathode plant should come in with a price tag of around $25m once phase one is fully established.

Hoof, if I had £750k I could probably drive the price up to 10p in a day. Liquidity is the issue and delays have eroded the share price over time. That flips overnight on some good RNS's

Hoof, he is only CEO of one company and puts in the hours well above his payscale. With local experience, I call that value for money.

Buk, why are you so vocal on a share board of a company you have zero confidence in the way they operate!! Lol

Remember, less than 0.1% of exploration companies make it. Why? Their main commodity price drops in value or they run out of funding.

Wouldn't it be ace if a company could bring a project into operation in less than a year for a few million £ and have multi commodities in play all at once? Welcome to Marula :)

Have you counted the number of RNS's recently? Far more than any other junior miner listed in London.

Didn't Jason just negotiate a 5 year offtake agreement for manganese with the largest steel producer in the world?

Isn't Jason taking a salary of £96k a year and investing it all back into Marula at higher share prices than today?

Didn't Jason negotiate projects for share prices of 6p, 9p, 10p over the past 6 months, all at premiums?

Doesn't Jason live in Kenya and visits the various proje t mine sites around 4 or 5 times per year?

You lose Jason you lose marula and all the strategy and value for money he brings. That's a ridiculous statement and would not stand a chance at any EGM vote. Get real

Buk, I am satisfied with info given to date;

31st october RNS

"· Current sales price for a 20-25% high-grade copper concentrate are in the range of US$1,200/t to US$1600/t and provide robust earnings based on current mining costs of up to US$15/t and quoted contract transport and processing costs of up to US$100/t "

Jason this morning (see my 12:07 post)

"Pricing not released as confidential given the 'competitive' nature of these intial 4/5 initial shipments deliveries"