Marula Mining
PLC
("Marula'' or the "Company")
7
May 2024
Appointment of New Mine
Manager at the Larisoro Manganese Mine in Kenya
Marula Mining (AQSE: MARU), an
African focused mining and development company, is pleased to
announce the appointment of Mr. Benard Kiprotich as the Mine
Manager at the Larisoro Manganese Mine
("Larisoro" or the "Mine") in Samburu
County, Kenya.
This appointment follows the
Company's agreement with Kenyan manganese mine operator Gems and
Industrial Minerals Limited ("GIM"), to invest in the mining
operation with the purchase of new processing and mining equipment
and the undertaking of a exploration program.
Mr Ngetich is a Mine Manager with
over five years of experience in Mining and Mineral Processing
Engineering in Kenya. He brings extensive expertise to the Company
from hands-on experience in his previous roles, having worked in
Kenya at a number of open cast quarrying operations and underground
mining operations.
Highlights:
· Mr
Kiprotich joins Marula Mining's wholly owned subsidiary Muchai
Mining Kenya Limited ("MMK") as the new Mine Manager of the
Larisoro Manganese Mine
· Mr
Kiprotich holds a degree in Mining and Mineral Processing
Engineering, from Jomo Kenyatta University of Agriculture and
Technology (J.K.U.A.T), Kenya
· Mr
Kiprotich brings extensive experience in Mining and Mineral
Processing Engineering and the Board believes he is well positioned
to drive and develop the Larisoro Manganese Mine further
· This
appointment follows the commencement of activities on site
with refurbishment and upgrade work to the
existing processing equipment underway
· Mr
Kiprotich will work closely with the geological team headed by Mr
Collins Aseto, Head of Exploration East Africa and Mr Edward
Ruheni, General Manager East Africa, to ensure smooth and timely
operations at the mine
· Mr.
Kiprotich, within his appointed capacity, will ensure;
I.
Efficient and safe mining operations to meet
production targets, alongside assessing equipment
needs
II. Implementation and maintenance of robust safety and
environmental standards
III. Management of budgets effectively and optimisation of costs to
enhance operational efficiency
IV. Compliance with regulatory and legal requirements related to
mining operations
V. Building and maintaining positive relationships with
stakeholders, including local communities and regulatory
bodies
·
High-grade manganese ores from the Mine delivered
at the lay-down yard in Nairobi are currently undergoing
final sorting and sampling ahead of planned sales in May
2024
·
The sorted material is scheduled for
transportation from GIM's lay-down yard in Nairobi to Mombasa for
export in the coming weeks
Jason Brewer, CEO of Marula Mining,
commented:
"I
am thrilled to welcome Benard to the Company as our new Mine
Manager for the Larisoro Manganese Mine. With his experience and
dedication to operational excellence, I am confident that he will
play a pivotal role in driving our strategic goals and furthering
the development of Larisoro. His leadership will be instrumental in
ensuring efficient mining operations, maintaining high safety
standards, and fostering positive relationships with stakeholders.
We look forward to a successful partnership as we continue to grow
and enhance our presence in the mining industry."
Benard Kiprotich, Marula's Mine Manager at Larisoro,
commented:
"Joining the Company as Mine Manager of the Larisoro Manganese
Mine is an exciting opportunity for me to contribute my expertise
and drive the project forward. I am honoured to be part of a
company that is committed to accelerating development and meeting
production targets while prioritising safety, environmental
standards and regulatory compliance. I look forward to working
closely with the team to ensure smooth operations and build
positive relationships with stakeholders as we advance the Larisoro
Mine to new heights."
The
Directors of Marula are responsible for the contents of this
announcement.
About Marula Mining
Marula Mining (AQSE: MARU) is an
African focused battery metals investment and exploration company
and has interests in several high value mine projects in Africa;
the Blesberg Lithium and Tantalum Mine and Korridor Lithium Project
in South Africa, the Kinusi Copper Mine, the Nyorinyori Graphite
Project, the NyoriGreen Graphite Project and the Bagamoyo Graphite
Project all in Tanzania, the Nkombwa Hill Project in Zambia and the
Larisoro Manganese Mine located in Kenya. 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 the AQUIS Stock Exchange (AQSE), Marula is
exploring opportunities to admit its shares to trading on the
London Stock Exchange plc's Standard List, Kenya's Nairobi
Securities Exchange and South Africa's Johannesburg Stock
Exchange.
For
enquiries contact:
Marula Mining PLC
Jason Brewer,
Chief Executive Officer
Faith Kinyanjui Mumbi
Investor Relations
|
Email :
jason@marulamining.com
Email :
info@marulamining.com
|
AQSE Corporate Adviser
Cairn Financial Advisers LLP,
Liam Murray / Ludovico Lazzaretti
|
+44 (0)20
7213 0880
|
Broker
Peterhouse Capital Limited,
Charles Goodfellow / Duncan Vasey
|
+44
(0)20 7469 0930
|
Financial PR and IR
BlytheRay
Tim
Blythe / Megan Ray / Said Izagaren
|
+44 (0)20 7138 3204
|
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.