Marula Mining Regulatory News (MARU.PL)

Marula Mining PLC

("Marula'' or the "Company")

30 April 2025

Commissioning Underway at the Kilifi Manganese Processing Plant

Marula Mining PLC (AQSE: MARU A2X: MAR) an African focused mining and development company, is pleased to announce that its commissioning activities are advancing at the Kilifi Manganese Processing Plant (the "Kilifi Plant") located in the Tezo Area, Kilifi County in Kenya.

Commissioning of the Kilifi Plant is a major step forward for the operation and the Company as it establishes itself as a critical minerals producer in Africa.

A staged commissioning schedule is underway at the Kilifi Plant and this commissioning process includes pre-commissioning, dry commissioning and wet commissioning. Pre-commissioning activities by the Company's on-site operations team have been completed. This work has included the inspection and confirmation of the modifications made to the various completed sections of the plant, including the trommel scrubber and vibrating screens, conveyors and feed hopper, as well as the plant wiring, cabling and connections, upgrades to the plant control centre, as well as pump and motor specifications and installations.

Dry-commissioning and pre-operational testing of the Kilifi Plant is progressing well, with mechanical and electrical testing of all the equipment. Final minor upgrades and modifications to the Kilifi Plant are to be completed shortly. Wet commissioning of the plant will commence following completion of dry commissioning. This will involve passing the feed of manganese ore through the entire processing plant circuit, which is anticipated to be completed by 12 May 2025. This work will be overseen by Nairobi-based, Zegatron Engineering Solutions ("ZES"), who have been completing the modifications and optimisation work on the plant. ZES will further assist in the initial operational phase of the manganese processing operations at the Kilifi Plant over the remainder of the quarter to ensure the entire processing plant can perform to its nameplate and optimised design capacity.

First planned manganese sales are expected to commence in May 2025.

Jason Brewer, CEO of Marula Mining, said:

"The plant upgrades, modifications and refurbishment activities at Kilifi are almost complete. Our focus has now switched to dry and wet commissioning in the lead up to the first manganese sales expected in May 2025.

"The commissioning phase at the Kilifi Plant marks an exciting new chapter in our activities here in Kenya and in the manganese sector. The work has been completed to plan and is testament to the efforts of our operations team and to our key contractors headed up by Dadson Mwangi's Nairobi-based, ZES team. I am confident that the final commissioning work will proceed smoothly and allow us to progress to manganese processing operations."

The Directors of Marula are responsible for the contents of this announcement. This announcement contains inside information for the purposes of UK Market Abuse Regulation.

About Marula Mining

Marula Mining (AQSE: MARU A2X: MAR) is an African focused battery metals investment and exploration company and has interests in several high value mining operations and mine development projects in Africa: the Blesberg Lithium and Tantalum Mine, Northern Cape Lithium and Tungsten Project and Kruisrivier Cobalt Mine, all in South Africa; the Boteti Lithium Brines Project in Botswana; the Larisoro Manganese Mine and Kilifi Manganese Processing Operation both in Kenya; the Kinusi Copper Mine, the Nyorinyori Graphite Project and the NyoriGreen Graphite Project all in Tanzania. As we advance operations at these battery metals focused projects, Marula will continue to build and expand its interests in other high-quality projects in Africa.

Marula's strategy is to identify and invest in advanced and high-value mining projects throughout East, Central and Southern Africa that the Directors believe would deliver returns for its shareholders. The Board and management team aims to establish Marula as a socially and environmentally responsible, sustainable, and profitable producer of critical metals and commodities that are of increasingly strategic importance to modern technologies and the global economy. Marula's shares are traded on AQUIS Stock Exchange (AQSE) in London and A2X Markets in South Africa. Marula is exploring opportunities to admit its shares to trading on Kenya's Nairobi Securities Exchange and South Africa's Johannesburg Stock Exchange.

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Caution:

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.