Marula Mining PLC - 30-Year Surface Use Agreement Signed at Blesberg

Marula Mining PLC

("Marula'' or the "Company")

20 June 2025     

30-Year Long-Term Surface Use Agreement Signed at Blesberg

Marula Mining PLC (AQSE: MARU A2X: MAR) an African focused mining and development company, is pleased to announce that the Company's South African subsidiary, Southern African Lithium and Tantalum Mining (Pty) Limited ("SALT"), has signed a Surface Use Agreement with the Nama Khoi Local Municipality ("NKLM") in agreement with the Steinkopf Communal Property Association ("SCPA") (the "Agreement") for the long-term mining and processing operations planned at the Blesberg Lithium and Tantalum Mine located in South Africa ("Blesberg" or the "Project").

The Agreement is a critical component of the Company's plans to develop Blesberg as a large-scale and conventional open pit mining operation and major critical battery metals processing centre, in accordance with the Mining Right application that is currently being advanced in South Africa. As announced on 19 June 2025,  progress is being made in the approval process of the Mining Right, with the receipt of the Environmental Authorisation from the South African Department of Mineral and Petroleum Resources ("DMPR") following provision of a ZAR 11,860,902 (approximately £510,000) environmental rehabilitation guarantee, and submission of an updated Social Labour Plan for approval by the DMPR, which has been approved by both the NKLM and the affected communities. 

Signing of the Agreement follows several months of consultative meetings with stakeholders, and  is in line with the Company's policy of ensuring that all stakeholders are informed and engaged throughout this process in a transparent and collaborative manner to the principles of equitable development and empowerment within the communities the Company operates.

The Agreement provides access to and the use of the full 1,051 hectare Blesberg license area and extends over the proposed term of the Mining Right, and with agreement between the parties to extend the term of the Agreement beyond 30 years if the life of mine increases further in the future. It allows the Company's subsidiary, SALT, to undertake the proposed exploration, mining and processing operations for critical and battery metals, subject to receiving the Mining Right and compliance with all applicable legislative requirements.

Further announcements will be made in due course.

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 and Northern Cape Lithium and Tungsten Project, 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.