Marula Mining Negotiate JV on #lithium Sulphate Plant & Answer Shareholder Questions #maru

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➡️ Marula Mining is in advanced negotiations with a Chinese battery manufacturer to establish a joint venture for a lithium sulfate plant at the Blesberg lithium and tantalite mine in South Africa. This plant, scheduled for commissioning in the second half of 2025, will process high-value ore with more stable revenue projections. ➡️The joint venture plant is expected to generate approximately $200 million annually from the production of 2,000 tons of high-value lithium sulfate. The Chinese partner will fund and provide technology for the plant, minimizing Marula’s capital risk while securing a long-term supply of lithium for the partner’s battery operations. ➡️The Company has recently raised £750,000 through a share subscription at 5p per share. With future funding secured and operations expanding, including plans to extend Blesberg’s mining life beyond 10 years, the company is positioning itself for long-term growth.