Member Info for Andii

"At the Kinusi Copper Mine, the US$2.04 million, will be used to meet the costs of the previously announced Phase II Program of exploration activities and further work which will include amongst other things, the following:

Work will focus on the high-grade copper mineralisation at the main Sasimo Prospect

LIDAR and airborne geophysics survey

Drill access roads and drill pad preparation

Initial 12 -hole, 1,500m as part of a larger planned 5,000m resource drilling program aimed at defining a maiden JORC Compliant mineral resource estimate"

RNS 19th january^^

https://twitter.com/JB_MiningAfrica/status/1687424209620729856?t=ZXZKJTPLZElcEEPWH0vAZA&s=19

Copper recoveries looking very good from the pilot plant tests^^

https://twitter.com/JB_MiningAfrica/status/1694658969099264116?t=O4AYwIY-LYOl0naHnyqouQ&s=19

Here is photos of the processed high grade concentrate and an artists impression of the initial phase 1 processing plant. ^^

Sounds like they are going for a further acid leach phase to turn the output into a high value copper cement. I would imagine this will run in tandem with the plant already built? Or maybe they will feed the low grade material into the cement process only?

All will be revealed before Easter once Jason gets the reports back from the newly employed General Manager and copper expert Yana

Anyone can pick up a rock yes. But the very very high grade rocks at Kinusi they have collected from surface? Here is a big pile of them. I doubt you could pick up more than one at a time

https://ibb.co/0nxBbCJ

We covered all this on the 1st March, I spent hours finding all the research sources for you.

A CPR which is almost ready for release at Kinusi can be a very long and detailed report.

Have you ever heard of a company going from nothing to profitability and multiple JORC releases for say £10m expenditure in 18months? Hang about and you will

Anyone can pick up a rock yes. But the very very high grade rocks at Kinusi they have collected from surface? Here is a big pile of them. I doubt youncould pick up more than one at a time

https://ibb.co/0nxBbCJ

If you are genuinely interested,

This rainwhenidie character is insufferable! Been trolling Marula for almost three weeks now. I hope they either buy in or go away.

Here is the research again. Do us a favour and watch them please as your lack of understanding here is painful.

CEO interviewed on the Biztech academy

https://youtu.be/ypL2y63o9dk?si=dLLylNM2-iIVJB3F

Billionaire mining entraupener who is the largest shareholder and fronted all the cash to develop these assets interview

https://youtu.be/j5VOfPzrxCo?si=20cBNZzf4dumKpVS

Rain, this is my last engagement with you as before you have just annoyed me with your lack of understanding or basic research, constantly drumming the same criticism on repeat despite me spoon feeding you.

Asiamet resource COPPER average grade 0.5%

Remote location with no power, requires a biomass paint to be constructed 100km away? Wow, that's risky...

Kinusi copper average grade 2.5% as reported by independent geological experts. Already being lined profitably by locals hence initial processing plant being built to improve. Up to 15% from surface. Search twitter for marula kinusi. You can see the blue rock. That's off the scale and you know it. Stage 2 drilling program paid for and under way now.

The $1billion is for Blesburg, in a different country from Kinusi Copper. You did realise that yes? When I stated "try and calculate the IRR figure for us for the lithium resource?"

You had made the distinction in your head regarding the two projects? You do know that the Lithium resource has been drilled and had 30t at least of sampling done and the offtake agreement has been signed.

*******

At Blesburg, *LITHIUM PROJECT* 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

Https://docs.google.com/document/u/0/d/1OXucCyUJnw1YLVs2carsflmPQ9vJk_R2Ih8B6L_IOwU/mobilebasic

Credit to Ant, Steve, Chuggs and Kev on telegram. Cheers

Oh we are on month 15 of that 18 months to profitability by the way. Remember my IRR figures?

Would you be so kind as to try and calculate the IRR figure for us for the lithoum resource?

Here is a table with the economics based on 3000t of SC6 product. The company is aiming for 5000t/month minimum.

https://ibb.co/DWLXPJz

Notice total cost per ton $276/t (bottom right)

Add in transport and tax and the AISC is about $500/t

SC6 worth $1100/t and byproducts worth $500/t

AISC is $500/t for every $1500/t revenue*

Good afternoon

Here is the Asiamet resources DFS - the company you are invested in and told us was a better investment

Initial 9.2 year mine life producing up to 20ktpa of copper cathode per annum

• Life of Mine (‘LOM’) Revenue of $1.4 billion and EBITDA of $655.3 million

• Capital cost of $208.7 million (excluding growth and contingency $26.7 million)

• Post Tax NPV8 $162.8 million, IRR 21.0% (post tax, excluding closure costs)

• Payback Period 3.4 years

To summarise, this plant will take another at least 2 years to fund and build and cost $200m

Over 9 years it will.make $1.6b

NPV will be $162m

That's a very poor return.

Blesburg, Just ONE of Marulas project is likely to make $200m in 2.5 years. AISC is $500m for every $1000 revenue on lithium alone. The free byproducts are another $500/t.

Run that through your calculator, and they will see over $750m FCF or NPV back.

Capex? $5m

Time to profitability? 18 months

Number of shares? About 400m

ARS have spent about £40m over the past 5 years and haven't made a penny.

2.59b shares in issue

A way, congratulations on finding Marula.

The Kinusi at Marulas copper mine they know extends at depth by the way as the original owners have peppered mining shafts along the strike. Effectively a free drill hole if you like.

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.

Thank you Zan_TM, the expanded and on point response I was looking for.

I will now add kOD to my watch list and keep myself updated on news releases.

I was originally invested around 2018 at 20p when the first JORC arrived. I think I sold out at 14p as investor interest wained following placings and a realisation of the wait ahead to get to this stage you are at now. Good luck

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

📢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?