Marula updates on Kilifi Manganese Processing Plant operations
Marula Mining PLC an African focused mining and development company provided an update on operating activities at the Kilifi Manganese Processing Plant located in the Tezo Area, Kilifi County in Kenya and its manganese sales to be concluded under its Agency Framework Contract with Baosteel Resources South Africa (Pty) Ltd.
The Company can confirm that the purchase and transportation of run-of-mine manganese ore to the Kilifi Plant commenced last week and is continuing. The transportation of this material, under an existing haulage contract, is set to increase over the coming weeks in order to meet the budgeted production levels of the Kilifi Plant and the previously announced planned manganese sales to be concluded under its Agency Framework Contract with Baosteel from April 2026.
The run-of-mine manganese ore now being delivered to the Kilifi Plant is currently being stockpiled in the ‘high-grade’ run of mine stockpile area, separate to the ‘low-grade’ stockpile area already designated for the proposed sales to Jindal Pelletising LLC. Upon the pre-determined minimum stockpile levels being achieved, processing of the run-of-mine manganese ore will then commence through the Kilifi Plant.
Sampling of the run-of-mine manganese ore continues to be undertaken at both the mine site and at the Kilifi Plant, under the Company’s standard operating procedures, with the assay results used to determine both feed-grade to the Kilifi Plant and to settle run-of-mine manganese ore purchase costs. Sample preparation is completed on site at the Kilifi Plant’s established laboratory, and sample assay work is also completed independently in Nairobi.
Processing of the run-of-mine manganese is to commence in April through the established and permitted Kilifi Plant and will then continue on an ongoing basis. Transportation of the processed manganese ore, for export through the Port of Mombasa, is also expected to commence in April 2026.
The Company’s Executive Management and Kilifi’s operations team, are co-ordinating with Baosteel in South Africa to arrange export sales, including delivery and shipping arrangements with customers procured by Baosteel acting in its capacity as agent under the Agency Framework Contract and execution of the specific purchase contracts for each export consignment in accordance with the agreed terms.
The Company will provide further updates as operating activities continue and increase at the Kilifi Plant and as export sales and as each purchase contract, for each export consignment, is completed with Baosteel under the Agency Framework Contract.
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.
