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Marula Mining (AQSE: MARU, A2X: MARU), an African-focused mining and development company, has issued an update regarding the delivery and commissioning of the Tomra COM XRT 1200 Ore Sorter (Ore Sorter) to the Blesberg Lithium and Tantalum Mine. This update is part of Marula's broader strategy to enhance production and export capabilities for spodumene ores and high-value lithium products.
Details of Ore Sorter Delivery and Commissioning
The Company has engaged multiple contractors, including Tomra Systems ASA, to manage the delivery, refurbishment, and commissioning of the Ore Sorter at Blesberg. The de-commissioning of the Ore Sorter at its previous location in Gauteng Province, South Africa, has been completed. Transportation to Springbok in the Northern Cape Province is set to begin shortly.
The Ore Sorter is crucial for Marula's plans to boost ore processing capacity at Blesberg and enhance the production of high-grade lithium spodumene ore and other premium lithium products. The commissioning of the Ore Sorter has faced delays due to factors beyond the Company's control. However, the Directors anticipate that once operational, the Ore Sorter will significantly contribute to Marula’s production capabilities.
Funding and Share Issuance Update
In a related development, Marula Mining has received ZAR 7 million (approximately £300,000) in cash through the AUO Commercial Brokerage LLC Subscription Agreement. This funding is earmarked for covering expenses related to the Ore Sorter.
The Company will provide further updates once it receives an additional ZAR 2 million under its existing funding arrangements with AUO. Following the announcement on 18 April 2024, there are still 54,075,518 new ordinary shares to be issued to AUO.
