Marula Mining PLC - Further re Blesberg Prospecting Right Application

Marula Mining PLC

("Marula'' or the "Company")

24 June 2025     

Further re Blesberg Expansion with Acceptance of New Prospecting Right Application

Marula Mining PLC (AQSE: MARU A2X: MAR) an African focused mining and development company, is pleased to announce that, further to its announcement of 9 January 2025, the Company's South African subsidiary, Southern African Lithium and Tantalum Mining (Pty) Limited ("SALT") has submitted, and has been accepted by the South African Department of Mineral and Petroleum Resources ("DMPR"), its scoping report in respect to the Blesberg Extension Prospecting Right Application ("Blesberg Extension Project" or "Prospecting Right").

SALT has received confirmation from the DMPR, that its Final Scoping Report and Plan of Study for Environmental Impact Assessment, submitted in respect to applications for environmental authorisation for exploration and development activities at the Blesberg Extension Project, have been accepted.

The Company's South African based executive management team and consultants have commenced the environmental impact assessment process, which involves consultations with interested and affected parties, as well as various key stakeholders and communities in the local municipalities. Environmental impact assessment and environmental management reports will be finalised and submitted to the DMPR which will outline the potential environmental impacts associated with the proposed exploration and development activities. The reports will set out the Company's policies and measures that will be implemented to mitigate the impact of these activities. The Company is committed to maintaining transparency and fostering collaboration throughout this process to address the concerns of all stakeholders involved.

The Blesberg Extension Project extends over an area of 7,219 hectares contiguous to and immediately south of the Northern Cape Lithium and Tungsten Project ("NCLT Project") prospecting right. In aggregate, the Company has an interest in an area extending over 23,270 hectares across the Blesberg Extension Project, the NCLT Project and the Blesberg Lithium and Tantalum Mine, that the Company is proposing to develop as a large-scale and conventional open pit mining operation and major critical battery metals processing centre. Once granted, the Prospecting Right will provide the Company with the right to explore for minerals at the Blesberg Extension Project. The Company will be seeking to explore for minerals including metallurgical silica, mica, molybdenum, monazite, orthoclase, phosphate, platinum group metals, tin, tungsten and vanadium across the Blesberg Extension Project and the NCLT Project.

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.