Marula Mining PLC - Surface and Water Use Agreements for NCLT Project

Marula Mining PLC

("Marula'' or the "Company")

25 June 2025     

Surface and Water Use Agreements for Northern Cape Lithium and Tungsten (Pty) Limited ("NCLT") Project

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, NCLT has signed a Surface Use Agreement and Water Use Agreement ("Agreements"), with the Vioolsdrift Communal Property Association ("VCPA"), in relation to the Company's planned exploration activities at the NCLT Project located in South Africa ("NCLT Project").

The NCLT Project extends over 15,000 hectares and is located contiguous to and immediately north of the Company's existing Blesberg Mine, and where the Company's other key South African subsidiary Southern African Lithium and Tantalum Mining (Pty) Limited ("SALT"), recently signed a life of mine, Surface Use 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 Agreements allow NCLT to progress its planned exploration activities which will focus on known high-grade tungsten mineralisation identified across several former mining operations and projects. The exploration activities will focus on antimony, beryllium, bismuth, chrome, cobalt, copper, feldspar, heavy minerals, iron, lead, molybdenum, monazite, nickel, niobium, phosphate, platinum group metals, pyrite, rutile, sulphur, sulphur in pyrite, tin, tungsten, vanadium, zinc and zirconium.

The Company has already completed its preliminary work at the NCLT Project following further site visits recently completed by the Company's Executive Management, geological team and consultants. This included inspection and review of the Kaalbeen and Isis Tungsten Mines and the nearby Koubank, Kaalbeen West and Armbank tungsten deposits as well as the Spodumene Kop lithium deposit. The Company has completed an initial sampling and exploration programme across each of these key sites, and once the results have been received, they will be combined with additional geophysical exploration, satellite multispectral analysis, and historical information from the South African Council for Geosciences and Historical Geological records, to allow a prioritisation of the Company's exploration efforts across the NCLT Project area.

The proximity of the NCLT Project to Blesberg provides a centralised base for operations and shared services, which reduces overall costs during prospecting activities in both areas. This synergy enhances efficiency and encourages knowledge sharing amongst the teams involved. By effectively leveraging their resources, NCLT and SALT aim to maximise the potential of both projects while maintaining a strong focus on environmental stewardship and community engagement.

The Directors of Marula are responsible for the contents of this announcement.

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.