Board Change • May 21
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO & Director Jason Brewer is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO & Director Jason Brewer is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 31
Marula Mining PLC has filed a Follow-on Equity Offering in the amount of £1.013916 million. Marula Mining PLC has filed a Follow-on Equity Offering in the amount of £1.013916 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,037,759
Price\Range: £0.0375
Transaction Features: Subsequent Direct Listing New Risk • Apr 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 72% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£7.35m market cap, or US$9.46m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Shareholders have been diluted in the past year (17% increase in shares outstanding). New Risk • Apr 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.60m (US$9.82m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 72% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£7.60m market cap, or US$9.82m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). Tillkännagivande • Jan 30
Marula Mining PLC has filed a Follow-on Equity Offering in the amount of £0.25 million. Marula Mining PLC has filed a Follow-on Equity Offering in the amount of £0.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,666,667
Price\Range: £0.0375
Transaction Features: Subsequent Direct Listing New Risk • Jan 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£8.11m (US$9.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 72% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£8.11m market cap, or US$9.97m). Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). Tillkännagivande • Nov 26
Marula Mining PLC, Annual General Meeting, Dec 17, 2024 Marula Mining PLC, Annual General Meeting, Dec 17, 2024. Location: the office of memery crystal, 165 fleet street, ec4a 2dy, london United Kingdom New Risk • Sep 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (39% increase in shares outstanding). Market cap is less than US$100m (UK£15.2m market cap, or US$20.3m). New Risk • Aug 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (UK£14.7m market cap, or US$18.7m). New Risk • Apr 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 63% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (41% increase in shares outstanding). Market cap is less than US$100m (UK£15.0m market cap, or US$18.6m). Tillkännagivande • Mar 02
Marula Mining PLC has filed a Follow-on Equity Offering in the amount of £0.3 million. Marula Mining PLC has filed a Follow-on Equity Offering in the amount of £0.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,400,000
Price\Range: £0.125
Transaction Features: Subsequent Direct Listing Tillkännagivande • Jan 24
Marula Mining plc Provides an Update on the Ongoing Commissioning and Optimisation of the Rados SRF100-8 XRF Ore Sorter At the Blesberg Lithium and Tantalum Mine Marula Mining provided an update on the ongoing commissioning and optimisation of the Rados SRF100-8 XRF ore sorter ("Rados Ore Sorter") at the Blesberg Lithium and Tantalum Mine ("Blesberg" or the "Project"). As announced on 12 December 2023, the Rados Ore Sorter, associated conveyors and support equipment was fully installed and first start-up material was processed as part of the commissioning and optimization of the sorting process. The Rados Ore Sorter is one of the key parts of the Company's plan to expand its ore processing capacity at Blesberg to increase production of a high-grade lithium spodumene saleable product in this current quarter. Highlights: Commissioning of the Rados Ore Sorter has now been successfully completed; The successful first bulk testing and first production of product has now been completed; This work has been conducted by representatives from Rados International Technologies (Malta) Limited ("Rados") and overseen by the Company's on-site management team and South African metallurgical and mineral processing group, Erudite Strategies Limited; Handover of the Rados ore Sorter to the Company's management and new plant operating team has now taken place; Major advancements made with the Rados Ore Sorter's artificial intelligence ("AI") capabilities and ore sorting algorithm has seen spodumene recoveries increase to 89% achieved during the commissioning and bulk testing; Spodumene recoveries on a varied range of feed material are exceeding and outperforming the previous laboratory and test results achieved by Rados as part of the plant design work in 2023; The AI capabilities of the Rados Ore Sorters have allowed it to continuously improve and enhance the recovery, product mass split, sorting aspects and optimisation of the processing technique; As part of this optimisation work, the Rados Ore Sorters is able to identify and sort approx 20 different colours of spodumene (both UV florescent and non-UV fluorescent) based on each spodumene's unique XRF characteristic, which has positive implications for grade control and product grade improvement; The Rados team has advised the Company, that along with its partners, that Blesberg is the first operation in the world to successfully mechanically dry process lithium ore on a large scale with spodumene recoveries in excess of 80% and more than threefold upgrade ratio; Optimisation of the Rados Ore S Porter will continue and production is forecast to increase further as a new McCloskey jaw crusher, new Bell B25E ADT, Kobelco SK520XLDLC-10 excavator, JCB467ZX wheel loader and the sensor based Tomra COM XRT 1200 ore sorter, are scheduled to be delivered and commissioned as previously advised. Tillkännagivande • Jan 17
Marula Mining PLC Appoints Collins Aseto as Head of Exploration in East Africa Marula Mining announced that the Company has appointed Mr. Collins Aseto as Head of Exploration in East Africa. Mr. Aseto is a geoscientist with over 15 years of experience in mineral exploration, mine geology and project and resource development. Mr. Aseto brings to the Company both local and international expertise from senior exploration and mining positions, having previously worked at Lonmin Plc, Anglo American Plc, and Acacia Mining Ltd, where he served as Senior Geologist. He holds a Bachelor of Science degree in Geology from the University of Nairobi, and a Master of Science degree in Economic Geology from Auburn University-Alabama, USA. He is also a member of the Geological Society of Kenya, amongst other professional societies. As Head of Exploration in East Africa, Mr. Aseto will oversee the management and implementation of the Company’s exploration programs throughout East Africa and will be responsible for identifying additional exploration and mining opportunities in Kenya and Tanzania that are consistent with the Company’s strategic goals. In his role, Mr. Aseto will work closely with the Company’s Chairman and CEO and amongst other things will be responsible for: Sourcing battery metals projects and opportunity targets within the greater East African region. Planning and managing all aspects of mine site, early-stage and advanced-stage exploration. Defining and directing the Company’s exploration strategy within East Africa and identifying and evaluating new projects for potential acquisition. Monitoring and reviewing ongoing exploration programs to ensure that objectives are met, that programs are proceeding on time and on budget and communicating any significant deviations to corporate management. Leading the Company’s participation in collaborative research programs related to East Africa mineral potential and exploration. Tillkännagivande • Dec 27
Marula Mining PLC Announces Phase 1 Exploration Activities Completion at Nyorinyori and NyoriGreen Projects Marula Mining PLC announced that the Phase 1 Program of exploration activities at the Nyorinyori Graphite Project and the NyoriGreen Graphite Project has now been completed, with the Company’s independent geological consultants Geofields Tanzania Limited (“Geofields”) having undertaken the initial mapping, sampling, and trenching field work.An initial report of the findings from the Phase 1 Program of exploration activities is due to be received in January 2024 and along with the assay results from the sampling program, they will be incorporated into the Phase 2 Program of exploration activities, which will include geophysics surveys, multi-spectral satellite image work, additional trenching, and the commencement of a diamond drilling program later in First Quarter 2024. Highlights: Phase 1 Program of exploration activities completed on schedule by Geofields; The work at the Projects is focused on the high-grade and jumbo flake graphite mineralisation that has previously been observed with visual estimates of +90% graphite content in shallow broad graphite veins at Nyorinyori; The Phase 1 Program of exploration activities comprised of mapping, sampling, and trenching field work across the 20 granted mining licenses that make up both the Nyorinyori and NyoriGreen Projects: Approx. 200 samples have been taken as part of this Phase 1 Program and sample preparation will commence in the new year by SGS Tanzania, with the samples then sent to South Africa for assay work by SGS South Africa; Assay results from these samples are expected to be received by the end of January 2024; Initial feedback from Geofields on their findings from the Phase 1 Program of exploration activities have been positive in respect to both identified strike lengths of graphite mineralisation and visual grade estimations of total graphite content; A preliminary Phase 1 Program report is due to be submitted to the Company by Geofields in early January 2024, which will include a summary of the initial findings and their recommendations for the next Phase 2Program of activities; This preliminary report and recommendations are due to be presented to the Company in early January 2024, with a final report to then be provided upon receipt of the assay results and geological database for the Projects; A Phase 2 Program of exploration activities is then scheduled to commence in First Quarter 2024, incorporating the Phase 1 Program results and recommendations, and will include additional trenching, geophysics surveys, multi-spectral satellite image work, and the commencement of a resource drilling program across the Projects. Further Information: Phase 1 exploration activities at the Projects included mapping, sampling, additional trenching work where applicable and the establishment of a comprehensive geological database across the 20 granted graphite mining licences. Approximately 200 samples across both Nyorinyori and NyoriGreen have been taken, with sample preparation to be completed by SGS Tanzania at its facilities in Mwanza, and the assay work to then be completed by SGS South Africa in Randfontein. The Phase 1 Program of exploration at Nyorinyori focused on the high-grade and jumbo flake graphite mineralisation that has been observed with visual estimates of +90% graphite content in shallow broad graphite veins at Nyorinyori. This mineralisation has been seen to extend over an initial strike length of over two kilometres at Nyorinyori and is interpreted to extend into the NyoriGreen licenses area. As announced on 13 December 2023, Takela Mining Tanzania Limited (“TMT”) and NyoriGreen Mining Limited (“NML”), having collectively made seven new Mining License Applications at Nyorinyori and NyoriGreen. These applications are anticipated to be granted in First Quarter 2024.Additionally, to demonstrate the Company’s commitment to its Environmental, Social and Governance principles, Marula Mining has commenced the community engagement process at the Nyorinyori and NyoriGreen graphite projects. This is a significant milestone for Marula, and its planned progress at the Projects, as the Company prioritises its move towards sustainable mining. Tillkännagivande • Dec 13
Marula Mining plc Announces New Processing Equipment Installed At Blesberg, Commissioning and Optimisation to Commence Marula Mining plc provided a further update on the new processing equipment in respect of the announcement on 7 December 2023, which confirmed the early arrival of the Rados SRF100-8 XRF ore sorter at the Blesberg Lithium and Tantalum Mine. The Rados SRF100- 8 XRF ore sorter and associated conveyors and support equipment have now been fully installed, and the plant is anticipated to receive its first start-up material later this week as part of the commissioning and optimisation of the sorting process. The Rados SRF100 -8 XRF Ore Sorter, is one of the key parts of the Company's plan to expand its ore processing capacity at Blesberg to increase production to up to 5,000 tonnes per month of a high-grade lithium spodumene saleable product in first quarter of 2024. Highlights; The installation of the Rados SRF 100-8 XRF ore Sorter and associated equipment has been completed ahead of schedule and within 72 hours of arrival at Blesberg; Initial commissioning of the Rados SRF50-8 XRF ore sorters is scheduled to commence this week, ahead of schedule, and with trial processing of pre-screened stockpiled 55 millimetre ("mm") to 80mm material; The process testing and commissioning process will be managed by representatives from Rados International Technologies (Malta) Limited and overseen by the Company's on site management team and consultants, including recently appointed South African metallurgical and mineral processing group, Erudite Strategies Limited; As part of the testing and commissioning process a minimum 50 tonnes of material will be sorted; The initial testing and commissioning of the RadosSRF100-8 XRF Ore sorter will be focused on optimisation of the process flowsheet and sorting of the spodumene; A 'high-recovery" and "high-grade" sorting algorithm will be run over two separate days of testing as part of the optimisation process and prior to the mine closing over the Christmas period; Operation of the Rados SRF300-8 XRF ore s shorter will re-commence in the New Year on a stand-alone basis and target production of a saleable high-grade spodumene product, ahead of the installation of the additional processing equipment which includes an additional crushing and screening circuit and the second XRF ore sorter, the Tomra COM XRT 1200 ore sorter, which remains on track to arrive at Blesberg in early first quarter of 2024 with commissioning to follow. The testing and commissioning of theRados SRF100-8XRF ore sorter is set to commence and will look at two different sorting strategies of the spodumene, including one that maximises the recovery of the material and one that maximises the grade of the material. This will allow to optimise the whole process as seek to maximize returns and efficiencies. "I am looking forward to the commissioning of the new equipment being completed and being able to confirm the first saleable product produced from the ore sorter as well as seeing the transformative impact it, and the soon to arrive Tomra COM XRT 1200ore sorter, will have on operations in terms of increased production. Tillkännagivande • Dec 12
Marula Mining PLC Announces Commencement of Community Engagement Process at Nyrorinyori and NyoriGreen Graphite Projects in Tanzania Marula Mining PLC announced the commencement of community engagement process at the Nyorinyori and NyoriGreen graphite projects in Tanzania (the Projects). Marula has through its Tanzanian wholly-owned subsidiary, Marula Mining Tanzania Limited (MMT) secured a 75% commercial interest in both of these projects through agreements with Takela Mining Tanzania Limited (TMT) and NyoriGreen Mining Limited (NML). This process of community engagement demonstrates the Company and its partners commitment to its Environmental, Social, and Governance (ESG) principles, and is a significant milestone in the planned progress of the Nyorinyori and NyoriGreen graphite projects journey towards sustainable mining. The community engagement process has coincided with the commencement of detailed mapping, sampling and trenching work by the Company’s independent geological consultants, Geofields Tanzania Limited across the combined 20 granted mining licenses that make up the Projects. Tillkännagivande • Dec 07
Marula Mining PLC, Annual General Meeting, Dec 29, 2023 Marula Mining PLC, Annual General Meeting, Dec 29, 2023, at 14:00 Coordinated Universal Time. Location: Twickenham Rowing Club, Eel Pie Island, Twickenham, Middlesex United Kingdom Tillkännagivande • Dec 06
Marula Mining plc Provides Update on Resource Drilling Exploration and Mining Program for Blesberg Lithium and Tantalum Mine in South Africa Marula Mining provided a further update on its two-phase resource drilling and mining program that is ongoing at the Blesberg Lithium and Tantalum Mine in South Africa ("Blesberg" or the "Project"). The Phase 1 and Phase 2 diamond drilling programs have both been completed, ahead of schedule, with 42 holes completed for a total of 2,386.67 meters (“m”). Assay results from samples taken as part of the Phase 1 drilling have been received and are being reviewed and incorporated into a JORC Code 2012 compliant Mineral Resource Estimate (“MRE”). Open pit mine design work, cut-off grade estimation, detailed mine planning, financial and economic analysis continues, which is focused on the planned conventional open pit mine development and operations that are proposed to commence at Blesberg in early 2024. Highlights: The Phase 2 drilling program has now been completed with 21 diamonddrill holes completed for a total of 1,250.00m drilled; The combined Phase 1 and Phase 2 drilling programs were completed ahead of schedule for a total 42 diamond drill holes for a total of 2,386.67m drilled; Approximately 400 samples from the Phase 2 drilling program have been taken and sent to ALS Laboratories (“ALS”) in South Africa for assay and analysis; Additional samples from the Phase 1 and 2 drilling programs have also been taken in the granodiorite host rock, approximately five meters from pegmatite contact, to determine the extent of the widespread disseminated lithium mineralisation that has already been identified in the diamond drill cores; Sample preparation of the Phase 2 diamond drill cores and additionalsamples in the granodiorite remains on track to be completed in December 2023 with assay results expected to be received in First Quarter 2024;Assay results from the samples taken from the Phase 1 drilling program have now been received from ALS and are being reviewed by the Company’s geological team and consultants; Drill holes from the Phase 1 drilling program, which have been completed down to depths of approximately 70m, have intercepted multiple zones of high and low grade mineralization; The assay results from the Phase 1 drilling program are being used to define a JORC Code 2012 compliant MRE to support the commencement of an initial hard rock open pit mining plan for the Blesberg operations in early 2024; Release of the assay results from the Phase 1 drilling program and JORC Code 2012 compliant MRE is expected in January 2024;The Phase 2 drilling results, once received in First Quarter 2024 are anticipated to increase the confidence level of this JORC Code 2012 compliant MRE and further expand and confirm the extent of the lithium mineralization; Open pit mine design work, detailed mine planning, financial forecasts and economic analysis of the hard rock open pit mining plan work for the Blesberg operations are also now being finalised with the agreed economic cut-off grade being incorporated into the final pit shell designs. Tillkännagivande • Dec 01
Marula Mining plc Announces Commencement of Phase 1 Exploration at the Nyorinyori and NyoriGreen Graphite Projects Marula Mining PLC confirmed that its independent geological consultants, Geofields Tanzania Limited (Geofields), have commenced the on-site Phase 1 Program of exploration work at the Nyorinyori Graphite Project (Nyorinyori) and NyoriGreen Graphite Project (NyoriGreen) (together the "Projects"). The Projects, which are located in the Simanjiro District, in the Manyara Region of Tanzania comprise 20 granted graphite mining licenses and where the Company has secured a 75% commercial interest through agreements with Takela Mining Tanzania Limited (TML) at Nyorinyori and recently with NyoriGreen Mining Limited (NML) at NyoriGreen. Highlights: Experienced Tanzanian geological and mining consultancy group Geofields have mobilised their exploration team and have commenced an initial Phase 1 Program of exploration work at the Projects; The mobilization of Geofields, follows meetings earlier this week in Nairobi between the company, Geofields and technical representatives from Q Global Commodities (Q Global) during which detailed planning, budgeting and scheduling for the accelerated development of the Projects was undertaken and approved; The Phase 1 Program of exploration at Nyorinyori will focus on the high-grade and jumbo flake graphite mineralization that has been observed with visual estimates of +90% graphite content in shallow broad graphite veins at Nyorinyori; This mineralization has been seen to extend over an initial strike length of over two kilometres at Nyorinyori and is interpreted to extend into the NyoriGreen licenses area; Geofields on site work will include mapping, sampling, and where applicable additional trenching work as well as the establishment of a comprehensive geological database across the 20 granted mining licenses; The Phase 1 Program of exploration activities is scheduled to be completed in December 2023 with the findings and initial report to be presented to the Company by the end of January 2024; Approx. 200 samples across both Nyorinyori and NyoriGreen, will be taken as part of the Phase 1 Program in December 2023, with sample preparation completed by SGS Tanzania at its facilities in Mwanza and assay work then completed by SGS South Africa in Randfontein; Assay results from these samples are expected to be received by the end of first quarter 2024; The results from the Phase 1 Program of exploration activities will be incorporated into the Phase 2 Program of activities which will commence in first quarter 2024 and which is anticipated to include geophysics surveys, multi-spectral satellite imaging work, additional trenching and a diamond drilling program; Takela’s management team are on site and conducting meetings with local community representatives on the exploration and development activities which have commenced and future activities planned for 2024, and finalising agreed ESG initiatives to be implemented and also overseeing upgrade work to site infrastructure. Tillkännagivande • Nov 15
Marula Mining plc Provides Update on Resource Drilling Exploration and Mining Program for Blesberg Lithium and Tantalum Mine Marula Mining provided an update on its two phase resource drilling and mining program that is ongoing at the Blesberg Lithium and Tantalum Mine in South Africa ("Blesberg" or the "Project"). The Phase 1 drilling program has been completed, ahead of schedule, with the increased number of 21 drill holes completed, and with samples sent for assay and analyses. The Phase 2 drilling program is well advanced with 15 holes of the 21 planned diamond drill holes completed as at 13 November 2023. Tillkännagivande • Nov 04
Marula Mining PLC has completed a Follow-on Equity Offering in the amount of AUD 2.199999 million. Marula Mining PLC has completed a Follow-on Equity Offering in the amount of AUD 2.199999 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,714,284
Price\Range: AUD 0.14
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,999,995
Price\Range: AUD 0.14
Transaction Features: Subsequent Direct Listing Tillkännagivande • Sep 21
Marula Mining plc Provides Update on Resource Drilling Exploration and Mining Program for Blesberg Marula Mining provided an update on the approx. ZAR 25 million (approx. USD 1.35 million) resource drilling exploration and mine planning program for the Blesberg Lithium and Tantalum Mine in South Africa that is underway following the appointment and mobilisation to site of experienced South African drilling contractor, PDS Africa Pty Limited and as announced on 11 August and 15 August 2023. Buying Opportunity • Sep 12
Now 24% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be UK£0.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Board Change • Sep 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. CEO & Director Jason Brewer is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Aug 25
Marula Mining plc Provides an Update on the Kinusi Copper Mine Marula Mining provided an update on the Kinusi Copper Mine, where the Company's processing consultants in South Africa, Amoref Pty Limited have completed the construction of an initial modular processing plant that is now ready for transportation, installation and commissioning on site in Tanzania. Amoref completed the final design work and detailed costings of the Processing Plant earlier in Third Quarter 2023 and have now completed construction of the custom designed modular units based on test work that was undertaken on material delivered from Kinusi. The Processing Plant will now be transported to Tanzania and installed and commissioned on a 28 hectare site that benefits from access to both an existing power and water supply and has direct road access through to port facilities in Dar es Salaam. It is proposed that upon successful commissioning and operation of the Processing Plant, the Company will look to expand processing capacity based upon the next Phase II Program of exploration activities and resource definition drilling work that is to be completed. Highlights: The Processing Plant has been designed and constructed in South Africa by Amoref, an experienced crushing, gravity concentration, milling and process plant consultants and manufacturers; A two-phase processing operation is proposed to target production of a high-grade concentrate of +20% copper and a low-grade concentrate of +10% copper with final concentrate grades to be optimised following receipt of outstanding assay work; The Processing Plant has been designed with up-front crushing capacity of 20 tonnes per hour ("TPH") with initial milling capacity set at 5TPH and with the capacity to be increased to 20TPH; Initial feed for the Processing Plant is intended to be from the copper mineralised corridor that has been identified at Kinusi and which extends for over 1km of strike length and is 300m wide and across eight of the granted mining licenses at the Sasimo Prospect; Negotiations on the planned sales of both the high-grade and low-grade copper concentrates are ongoing with the four short-listed global trading commodity groups, as previously announced on 23 May 2023 and are expected to be completed in Fourth Quarter 2023; The Company will appoint an expanded technical team, that will oversee the operation of the Processing Plant at Kinusi; The planned commissioning and operation of the processing Plant and shallow high-grade open pit mining operations will be carried out in parallel with the planned Phase II Program of exploration activities. Initially the Processing Plant comprises a feed bin with a Grizzly fitted with a transfer conveyer and a scalping screen. All fines are fed into a double roller mill and then into a rod mill and the oversize material is fed into a 10 x 16 Telsmith jaw crusher. The crushed material is fed into the scalping screen to ensure all material is processed into 1mm to 75 micron fines. A slew conveyer ensures significant flexibility in the process flow sheet such that material can be moved to either feed a process stockpile or direct to the mill. Phase Two of the Processing Plant sees the milled fines being fed with a paddle feeder using gravity and into a James-table circuit with the milled fines fed into 3 Amoref shaking tables. Tillkännagivande • Aug 18
Marula Mining PLC Announces Results from Phase 1 Exploration Program at the Kinusi Copper Mine Initial 10 -15Mt Exploration Target Marula Mining provided an update on the Kinusi Copper Mine (“Kinusi” or the “Project”), where the Company has received a final report on the Phase 1 Program of exploration activities which was completed by the Company’s geological consultants, Geofields Tanzania Limited (“Geofields”) in Second Quarter 2023. The report has confirmed the preliminary findings (announced on 29 June 2023) of the identification of a copper mineralised corridor at Kinusi that extends for over 1 kilometre (“km”) length and over 300 metres (“m”) in width at the main Sasimo Prospect and with field observations by Geofields suggest visible copper grades of up to 30%. Based on the Phase I Program of exploration activities, Geofields have estimated an initial Exploration Target at Kinusi of a 10-15 million tonnes (“Mt”) deposit of high-grade copper, gold, and other base metals, with the potential to increase to in excess of 50Mt on completion of definitive resource drilling programs to now be implemented by the Company. The results of the samples taken by Geofields as part of the Phase 1 Program, which are being re-assayed by SGS Laboratories (“SGS”) at their facilities in Tanzania are scheduled to be received by September 2023 and further updates on these results will be provided then. Exploration Target of 10-15Mt deposit of high grade copper, gold, and other base metals at Kinusi -- Potential to materially increase this target through the next phase of exploration activities and completion of resource definition drilling that will be aimed at defining a maiden JORC Compliant mineral resource estimate at Kinusi -- Copper mineralised zones at Kinusi comprise mainly of malachite and azurite with minor bornite and native copper mineralisation -- Copper mineralisation is associated with the base-metal sulphides and is oxidised near the surface and indicate the potential extensions of the copper mineralisation at depth -- Most copper showings were observed in steeply dipping pegmatite dykes ranging from 1m to 5m in width and are predominantly striking in the North East - South West orientation -- Geofields has re-confirmed that a copper mineralised corridor has been identified at Kinusi which extends on a North East – South West orientation for over 1km of strike length across eight of the granted mining licenses at the Sasimo Prospect, which is one of the two license blocks held by the Company’s local partner Takela Mining Tanzania Limited (“Takela”) -- This copper mineralised corridor, remains open to the southwest, and has been determined to be approximately 300m wide with multiple mineralised quartz and pegmatite veins and with copper grades of up to 30% from their visual estimates -- Geofields has concluded that Kinusi can potentially host high and medium grade copper mineralisation with considerable tonnage upside, based on observed mining activities, the current surface mapping results, and the extensive copper rich occurrences at Kinusi and surrounding areas -- A focused and integrated exploration strategy is recommended by Geofields utilising geochemistry, geophysics, and drilling to unlock value -- Geofields have highlighted that the potential for multiple base-metal and gold mineralisation should be investigated during these activities. Marula and its consultants are finalising its review of the results of the Phase 1 Program and will incorporate the results from the samples that are due to be received by September 2023. These results are expected to highlight the grade and distribution of copper along the +1km copper mineralised corridor at Kinusi -- The assay results will allow the Company and Geofields to then finalise the Phase II Program of exploration activities for Kinusi -- These Phase II Program of exploration activities will include amongst other things a geophysical survey over the property, including an electromagnetic survey, which can detect conductive sulphides to a depth of over 100m -- A maiden drilling program over anomalous electromagnetic targets and other target areas will then also be finalised with the aim of defining the width and grades of copper mineralisation -- The Phase II Program will be undertaken to increase the geological confidence and knowledge at Kinusi. Tillkännagivande • Aug 17
Marula Mining PLC Announces Executive Changes Marula Mining PLC announced that Ms. Hannah Wang'ombe and Mr. Munyaradzi Murape have been appointed as Independent Non-Executive Directors of the Company with immediate effect following completion of standard regulatory and due diligence reviews by the Company's advisers. These appointments are in addition to the appointment of Ms. Angeline Greenwood as Independent Non-Executive Director and the re-appointment of Mr. Richard Lloyd as Chairman. These appointments are important as the Company looks to continue to strengthen its Board with the appointment of experienced independent directors to assist and guide the executive management team in delivering on its strategy. Ms. Wang'Ombe (aged 41) is currently the CEO of the Association of Women in Extractives Kenya, an organisation that provides women with opportunities for equitable professional and economic development within the Kenya mining sector. Hannah has over 10 years' experience in stakeholder engagement, relationship building, crisis management, and public policy processes at the Kenya Institute for Public Policy Research and Analysis, where she worked as a Researcher and Head of Strategy and Planning. Ms. Wang'Ombe will also assume the role of Chair of the Environment and Social Responsibility Committee and be a member of the Remuneration and Nomination Committee. Munyaradzi Murape (aged 46) is the CEO of Redstone Partners Limited, a UK-headquartered financial markets development company focused on the Southern African region. He began his career working in investment banking in Zimbabwe, for a range of banks including HSBC (Private) Securities Limited and CBZ Bank Limited. Munyaradzi has over 20 years' experience as an investment banker, corporate leader, public and private sector investor. In 2015, he earned the award of the Archbishop Tutu Fellowship at Oxford University. Mr. Murape will also assume the role of member of the Audit Committee and member of the Risk Committee. Tillkännagivande • Aug 12
Marula Mining plc Announces Planned Resource Drilling Exploration and Mining Program for Blesberg Marula Mining PLC announce that the Board has approved an approx. ZAR 26 million (approx. USD 1.35 million) resource drilling exploration and mine planning program (the "Program") for the Blesberg Lithium and Tantalum Mine in South Africa ("Blesberg" or the "Project"). The Program will be funded by Q Global Mining (Pty) Ltd, a subsidiary of Q Global Commodities ("Q Global"), with the cost of the Program to be offset against subscription funds to be received from Q Global, pending the approval of the conditional subscription agreement and Rule 9 waiver as announced 31 January 2023. The appointment of drilling contractors to complete the Program, which is planned to consist of a two-phase 2,900 metre ("m") and 38 hole diamond drilling, is in advanced stages and expected to be completed shortly, with mobilisation to site and the commencement of drilling to then follow. Appointment of additional contractors to complete other key reports and studies within the Program is underway and will be announced in due course. Tillkännagivande • Aug 08
Marula Mining plc Announces Assay Results of Blesberg Lithium Product Marula Mining to report that independent sampling and assaying of processed spodumene material at the Blesberg Lithium and Tantalum Mine in South Africa ("Blesberg Project" or "Blesberg") has been completed and the results have confirmed a high-grade spodumene product with a grade of 6.50% Li2O. The Company is now able to proceed with its planned sales of product, and is currently negotiating new and longer-term contacts given the higher grade and higher value spodumene product. An update on these new sales arrangements is expected in the coming weeks. Highlight: Stockpile sampling and analysis of a 30 tonne (`t") batch sample was completed at Blesberg by CI Group Limited ("CIG"), CIG are a specialised independent inspection group for the metals and minerals sector based in Johannesburg, South Africa, Sampling was completed on the +50mm processed product at Blesberg with samples drawn from the stockpile, labelled, marked, and sealed upon completion of the sampling process using ISO stipulated methods. The representative sample for the stockpile was transported for further preparation at CIG's ISO/IEC 17025 accredited laboratory where a reduced sample was composed after all particles were broken down in physical size for assay purposes, The assay report now received by the Company has confirmed a high-grade result of 6.50% Li2O for the +50mm processed spodumene material currently stockpiled at Blesberg, The market for spodumene concentrate in excess of 6.00% Li2O attracts a premium pricing from global commodity trading companies and end users, Sales of the +50mm spodumene product from Blesberg, which have previously been delayed, will now proceed under new longer-term sales arrangements that the Company is finalising with a new trading counterparty, with initial shipments of material to commence in due course, Processing of the historic stockpiled material at Blesberg is ongoing and in addition to the production of the +50mm spodumene product, the Company is producing a <10mm fines product and an intermediate product of +10mm to 50mm, with this material also being stockpiled whilst the acquisition of an optical sorter and fines recovery plant is completed and to be installed at Blesberg in H2 2023. Flotation, heavy mineral separation and recovery testwork on this fines and intermediate spodumene product is ongoing at Geolabs Global Limited's laboratory facilities in Pretoria, South Africa and test results from this work is expected in due course. Board Change • Aug 07
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). CEO & Director Jason Brewer is the most experienced director on the board, commencing their role in 2022. Independent Non-Executive Director Angeline Greenwood was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Tillkännagivande • Jul 25
Marula Mining plc Announces Board Changes Marula Mining announced the appointment of Ms Angeline Greenwood and Mr. Richard Lloyd as directors of the Company with immediate effect and a strengthening of its Board of Directors with a number of proposed independent non-executive and executive appointments in Africa and the United Kingdom, subject to standard regulatory due diligence. Marc Nally and Ian Harebottle will step down as directors effective immediately. Ms Greenwood is an experienced finance executive, having worked in the UK and internationally and is currently the Finance Director at the Harlequin Football Club Ltd. Ms Greenwood has previously worked as the Group Financial Controller for the ICG Medical Group and was Group Financial Controller for Avantia Group. Ms Greenwood is an ACCA Chartered Accountant and has a BA Degree in Accounting and Finance. Ms Greenwood was appointed as a director of XY Books Limited on 2 September 2013 and resigned on 14 February 2014. XY Books Limited was placed into Creditors Voluntary Liquidation on 2 April 2014. Approximately £441,000 was outstanding to creditors when the company was dissolved on 22 September 2017. Mr. Lloyd has over 25 years natural resources investment banking and mining geology experience and is a fellow of the Institute of Materials, Minerals and Mining ("FIMMM") and the Geological Society ("FGS"). Mr. Lloyd was previously a Director in the Resources, Energy Infrastructure team at ANZ Bank London, having joined from Commerzbank AG. He has also held positions at Standard Bank London & Dresdner Kleinwort. Mr. Lloyd was a former Director and Chairman of the Company between August 2020 and November 2022 and since then has been working with the Company's executive management team and also in the role of Chairman Designate. Tillkännagivande • Jul 24
Marula Mining plc Announces Kinusi Copper Assay Results Update Marula Mining announced that the assay results from the 51 copper samples that were taken by Geofields Tanzania Limited as part of the Phase 1 Program at the Kinusi Copper Mine that were due to be received late in July 2023, as announced on 29 June 2023, have been delayed until early August 2023. The assay results have been delayed as over 60% of the samples (33 of the 51 samples) submitted for analyses have given preliminary results that exceeded the upper testing /detection limit of 10,000mg/kg (>1.00% copper) under standard ICP-AES testing, with the balance of the preliminary results providing an average result of 4,918mg/kg. Accordingly, the Company has requested additional analyses to be completed at SGS Laboratories ("SGS") testing facilities in Tanzania. All 51 samples will now be re-assayed by SGS at their facilities in Tanzania using the Aqua Regia digestion ICP-AES /0.01-30% copper method, which is considered suitable for high grade copper ore analyses. Results are expected to now be received by early August 2023. Tillkännagivande • Jun 29
Marula Mining plc Announces Initial Findings from the Exploration Work Completed by the Company's Independent Geological Consultants, Geofields Tanzania Limited At the Kinusi Copper Mine Marula Mining announced the initial findings from the exploration work completed by the Company's independent geological consultants, Geofields Tanzania Limited ("Geofields") at the Kinusi Copper Mine ("Kinusi" or the "Project"), where the Company holds a 75% commercial interest with local Tanzanian mining company Takela Mining Tanzania Limited. Geofields has completed the Phase 1 Program of exploration activities (announced on 20 January 2023) and from the detailed geological mapping and sampling work completed over all of the 10 granted mining licenses, they have confirmed the presence of a copper mineralised corridor that extends for over 1 kilometre ("km") in strike length and 300 metres ("m") wide and with high-grade narrow veins visually estimated to contain approx. 20% to 30% mineralised copper-bearing minerals which are mainly malachite and azurite. Samples have been collected and prepared by Geofields as part of the Phase 1 Program and have now been sent for laboratory analyses at SGS testing facilities in Tanzania. Assay results from these samples and from samples previously collected by the Company are expected to be received by late July 2023 and a further announcement of these results will be made in due course. Highlights: Phase 1 Program of field exploration activities have now been completed by Geofields across all 10 of the granted mining licenses at Kinusi which extends on a Northeast-Southwest orientation for over 1km of strike length across eight of the granted mining licenses at the Sasimo Prospect, which is one of the two license blocks held by the Company's local partner Takela Mining Tanzania Limited. This copper mineralised corridor, with its strike length of over 1km and which remains open to the southwest, has been determined to be approximately 300m wide with multiple mineralised quartz and pegmatite veins ranging from 1m to 3m, and with an average copper content of 20%-30% from their visual estimates. Malachite and azurite have been identified as the main copper-bearing minerals in the veins with minor occasional copper sulphides also observed in some veins. The Director are of the view that this initial work by Geofields has confirmed the presence of a major mineralised copper system at the Kinusi Copper Mine and one that supports the Company’s accelerated mine development plans. Surface exposure of copper mineralisation was observed across PML2921DOM, PML2919DOM, PML2922DOM, PML2927DOM, and PML2925DOM mining licenses at Sasimo, where artisanal mining activities have taken place at various locations. Copper mineralisation at PML 2926DOM, one of the two Mseke mining licenses, is considered by Geofields to be similar to that observed at the eight Sasimo mining licenses, with visual estimates of the copper mineralisation being an average of approximately 15% copper. The other Mseke mining license PML2928DOM, is close to active mines, located approximately 1km to the northwest and Geofields have recommended further work to be undertaken there to detect any potential mineralisation that is not exposed at surface. A total of 51 samples have been collected and prepared by Geofields as part of the Phase 1 Program and these are being sent for laboratory analyses at SGS testing facilities in Tanzania. Assay results from these samples are due to be received late in July 2023 and are expected to be received along with assay and metallurgical results from the previously submitted samples (announced on 23 May 2023) which have been delayed. Geofields have confirmed that the quality assurance and quality control protocols implemented in the sampling program at the Project are consistent with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012). Geofields final Phase 1 Program Report, including a comprehensive geological database incorporating all the mapping and results from the Phase 1 Program is also expected to be received in July 2023. Recommendations for the next Phase 2 Program of activities at Kinusi will also be submitted by Geofields as part of the Phase 1 Program Report and will include a geophysical survey across the full license area and the detailed exploration and resource drilling program work. Given the initial findings by Geofields, Marula’s executive management along with technical representatives from Q Global Commodities will be visiting Kinusi in July 2023 following the delivery of the final Phase 1 Program Report to follow up on their findings and assist with planning of the Phase 2 Program of exploration and drilling activities and ongoing site development works. Tillkännagivande • Jan 12
Marula Mining PLC Commences Initial Exploration Activities at the Bagamoyo Graphite Project in Tanzania Marula Mining PLC announced that initial exploration activities at the Bagamoyo Graphite Project in Tanzania have commenced. This follows the announcement made on 30 November 2022, when Marula secured a 73% commercial interest from local Tanzanian company Kusini Gateway Industrial Park Limited (“KGIP”) in 22 granted graphite mining licenses located in the Bagamoyo District in the Pwanai Region of Tanzania. Highlights: Initial exploration activities (“Phase 1 Program') have now commenced at the Bagamoyo Project in accordance with the Heads of Agreement signed with KGIP in November 2022. Geofields Tanzania Limited has been engaged to complete the Phase 1 Program and has mobilised their team to the site and work is already underway. The Phase 1 Program will include mapping, sampling and trenching across the 22 granted mining licenses and targeting high-grade, jumbo and large flake graphite mineralisation. Samples from the Phase 1 Program will be collected and prepared to be sent for analyses in Tanzania. A comprehensive geological database will be produced as part of Phase 1 Program allowing the Company’s management team and technical consultants to move towards with implementing its Phase 2 Program work. The Phase 1 Program will be completed in first quarter of 2023. The results and recommendations from the Phase 1 Program completed by Geofields will be released following a review by the Company’s technical management team, along with the details of the planned Phase 2 Program that will follow Marula’s Board and management team will be on site with KGIP in January 2023 to review Geofields’ progress and preliminary results. Board Change • Nov 16
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Chairman of the Board Richard Lloyd is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Tillkännagivande • Sep 15
Marula Mining Updates the Market and Shareholders That Site Works Have Commenced At the Blesberg Lithium and Tantalum Project in South Africa Marula Mining updated the market and shareholders that site works have commenced at the Blesberg Lithium and Tantalum Project in South Africa (the “Project” or “Blesberg”). This follows the announcement made on 7 September 2022 of the Preliminary Assay Results and the Board’s decision to accelerate the fast-tracked treatment of the high-grade lithium in the spodumene mineralisation identified, contained in the existing stockpiles. As part of the Company’s strategy to advance the Blesberg Lithium and Tantalum Mine into production the following work programs are being implemented: Site Establishment: Perimeter fencing of the mining area to be erected with access control meeting legislative requirements and the projects standard operating procedures, Installation of access control gates, fences and security guard house, Upgrading and construction of administration offices, and induction and first aid facility buildings, Review and upgrade water storage and supply, Connect fixed line electricity supply and assess area for possible solar installation and Installation of mechanical and engineering workshops with fuel storage and distribution facilities as well as improving on site communications. Mining Permit Applications: Application for two five hectare mining permits extending over the initial areas to reprocess the stockpiles and Permits are valid for a period of two years with extension permission for an additional two years following the expiration of the initial period. Waste Management License: Application for a waste management license on a certain area of the property for the processing of the residual stockpile material. Aerial Drone Survey: Completed over the existing stockpiles and mining area. Updated Resource Statement: Work underway and preparation of an updated resource statement of the existing stockpiles of material including lithium bearing spodumene to be completed by an independent and qualified geologist. Tillkännagivande • Sep 07
Marula Mining PLC Provides Blesberg Preliminary Assay Results Marula Mining PLC announced to update the market and shareholders on the Blesberg Lithium and Tantalum Project in South Africa where high grade lithium results have been received from the initial sampling and metallurgical test work and flowsheet work completed on material collected from existing stockpiles located at the Blesberg mine site in August 2022. Preliminary assay results demonstrate high-grade lithium contained in the lithium bearing spodumene mineralisation with results including 6.19% Li2O, 5.60% Li2O and 6.19% Li2O. Average grade of 6.10% Li2O reported from the initial test work completed on the initial one tonne of material assayed by the Company’s South African based mineral processing and mining consultants Southern Metal Processing Pty Limited. Lithium grades of 6.25% Li2O reported in the first 520 kilogramme (“kg”) bulk sample and grades of between 1.5% Li2O and 5.8% Li2O reported in additional 486kg sample taken and initially sampled. Lithium grades of the samples assayed demonstrate a high grade and high value lithium product that can be potentially recovered from the existing stockpiles without incurring high up-front capital costs and high mining and processing costs. Tantalum mineralisation also identified in the stockpiles from initial test work. Initial estimates of the stockpiles of between 280,000 tonnes to 400,000 tonnes of material with new survey work to now be undertaken to complete updated detailed estimates. The stockpiles have been established from almost 80 years of intermittent mining operations at Blesberg and when the mining and recovery of lithium from the spodumene mineralisation was not the principal target. The samples already taken are being tested to determine the mineralogy of the material collected and the estimated volumes from the stockpiles to determine which process will be best suited for the processing of the stockpiled material and to better define an estimated value of the contents. Additional bulk sampling work to commence, including recovery trials at scale and a manual mining assessment to provide more confidence in the volume and mineralisation content of the stockpiles. The Board has approved an accelerated programme to fast-track the treatment of the high-grade lithium in the spodumene mineralisation identified and contained in the existing stockpiles. Tillkännagivande • Aug 03
Marula Mining plc Provides Blesberg Lithium and Tantalum Project Update Marula Mining updated the market and shareholders on the Blesberg Lithium and Tantalum Project in South Africa (the “Blesberg Project”). Work programs have commenced and include a major bulk sampling program on the lithium and spodumene stockpiles and metallurgical testwork to finalise process plant designs and optimise the previous process flowsheet designs, aimed at the production of a lithium concentrate product suitable for the international export markets. The Blesberg Project is one of the larger known economically mineralised pegmatite deposits and has historically been the larger single source of tantalum in South Africa. The Blesberg Project has operated as a small scale mining operation intermittently between 1925 and 2003, and whilst the orebody contains a significant amount of lithium (spodumene), the main minerals extracted and sold at the time were feldspar, mica, and tantalum, with the lithium mineralisation either placed in stockpiles or discarded in the surface waste dumps where it remains. South African based mineral processing and mining consultants and plant operators, Southern Metal Processing Pty Limited (“SMP”) have been appointed by the Company to complete a major bulk sampling program, metallurgical test work and process plant design and installation for the Blesberg Project. The bulk sampling program has now been completed last week by SMP, with 3 one-tonne samples taken and seventy-five 40 kilogram (“kg”) samples collected from the Blesberg Project site and stockpiles. Bulk samples have now been transported to SMP’s facilities in Johannesburg, South Africa for metallurgical analyses and associated testwork. SMP have also been retained to assist the Company with its permitting and Licensing requirements in order for the Blesberg Project to be brought into production and this work is ongoing. SMP are a team of highly experienced geological, mining and mineral processing professionals with extensive experience in the mining industry throughout Southern and Central Africa and will work closely with the Company in its development strategy for the Blesberg Project. The results of the sample analyses and metallurgical testwork will allow the Company to update the extensive historical test work already completed at the Blesberg Project. The testwork will also enable the Company and SMP to finalise the plant design and optimise the process flow sheet for the production of a spodumene concentrate for the export markets and the potential upgrading to a high value lithium carbonate at SMP’s facilities in Johannesburg, South Africa. Analyses of the bulk samples to be completed in Johannesburg, South Africa, on the 3 one-tonne and seventy-five 40 kg samples collected. Release of metallurgical results and the optimisation work (which has now commenced) on the process flow sheet for the economic recovery and production of a lithium niobium and tantalum concentrate. Design and construction of a conventional beneficiation plant for the proposed processing of the existing stockpiles and waste dumps at the Blesberg Project. The recent test work results and figures will be completed and updated early in the next quarter Third Quarter 2022. SMP’s mining personnel to conduct additional site visits to complete further mining and infrastructure reviews and commence mine planning and design work. Tillkännagivande • Jun 15
All Star Minerals plc, Annual General Meeting, Jul 01, 2022 All Star Minerals plc, Annual General Meeting, Jul 01, 2022, at 09:00 Coordinated Universal Time. Location: at the offices of Memery Crystal, 165 Fleet Street London United Kingdom Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Marc Nally was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Dec 02
All Star Minerals plc Announces the Appointment of Graham Mascall as Non-Executive Director and Chairman All Star Minerals plc announced the appointment of Graham Mascall as a non-Executive Director and Chairman of the Company subject to completion of normal regulatory due diligence checks. He has acted as a Non-Executive Director on a number of London Listed Mining Companies, and was Chairman of Gemfields plc during its most successful years, most notably from 2009 until June 2017. Tillkännagivande • Nov 06
All Star Minerals plc Announces Retirement of Tomas Nugent, Executive Chairman The Company wishes to announce the retirement of Tomas Nugent from the Board on 15th November 2020. Tomas has been Executive Chairman of the Company for over 7 years at the time of retirement and leaves All Star on a sound footing for the future following the appointment of two Directors and £280,000 capital raisings earlier this year. Tillkännagivande • Nov 05
All Star Minerals plc, Annual General Meeting, Nov 30, 2020 All Star Minerals plc, Annual General Meeting, Nov 30, 2020, at 12:00 Coordinated Universal Time. Location: Cardinal House, 46 St Nicholas Street Ipswich, Suffolk, IP1 1TT Suffolk United Kingdom Agenda: To receive and consider the company's audited accounts for the year ended 31st December 2019 and the directors' and auditors' reports thereon; to ratify the appointment of Ian Timothy Harebottle as Director of the company; to ratify the appointment of Richard Andrew Lloyd as Director of the company; to re-appoint Price Bailey as auditor and authorise the directors to fix the auditor remuneration; and to consider other matters. 
