Marula Mining Diversify into Manganese with Investment in Kenyan Mining Operation #maru

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Recorded 1/3/2024 ➡️ Jason Brewer highlights the significance of diversifying the company's portfolio by entering into manganese mining, which aligns with their strategy and presents an opportunity for cash flow generation. ➡️ Marula Mining plans to increase production at the mine to 5,000 to 10,000 tons of saleable manganese over the next 3 to 6 months & anticipates a rapid payback period of 12 to 15 months based on conservative assumptions. ➡️ The company plans to invest $1.5 million in new mining and processing equipment, which will be funded through existing arrangements with QGC or direct funding facilities with equipment suppliers. Delivery is expected by mid-April, with operations commencing in the second half of Q2. By Mark Fairbairn