Marula Mining (AQSE: MARU) an African focused mining and development company, is pleased to announce that additional new mobile mining equipment has arrived at the Blesberg Lithium and Tantalum Mine in South Africa (“Blesberg” or the”Project”) and has commenced operations and is to assist with exploration trenching and drilling work.
The equipment, which has been secured for approximately ZAR10 million (approx. US$0.54M) through Q Global Commodities Group’s (“Q Global”) existing relationship with one of its principal equipment suppliers, Bell Equipment Limited, is on standard hire purchase arrangements and further increases the existing 1,000 tonnes daily capacity of the existing mining fleet at Blesberg.
Highlights:
· Marula has received new mobile mining equipment secured from Bell Equipment Limited through its partnership with Q Global, one of South Africa’s leading independent commodity, mining, logistics and investment funds
· The new mining equipment includes a JCB 456ZX wheel loader and a JCB JS305 tracked excavator which are in addition to the Kobelco SK380XDLC excavator, a JCB 3CXbackhoe loader, two new JCB 456ZX wheel loaders, and two new Bell B25E articulated dump trucks which arrived on site in Q2 2023
· The new equipment will further increase the mining capacity at Blesberg above the current approx. 1,000 tonnes of material moved daily
· The new equipment is being used to finalise the preparation of drill pads for the upcoming resource drilling program at Blesberg, to complete a number of additional exploration trenches to confirm extensions to the existing mineralisation and to further accelerate the Company’s plans to commence development and mining of the underlying hard rock resources
Jason Brewer, Marula Mining PLC CEO said:
“We are delighted to have secured this additional new mining equipment, and are pleased to see it now on site and complimenting the existing mining fleet. As always, we appreciate the efforts of our partner, Q Global, for their assistance in ensuring that we obtain this equipment in a timely and cost effective manner.
“This development further demonstrates Marula’s increasing investment in Blesberg, emphasising our commitment to both the existing stockpiles as well as scaling up the mining operation as we expand and move towards a more conventional hard rock open pit mining operation.”
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.
