Marula announces major mining tenement expansion for graphite projects in Tanzania
Battery metals miner Marula Mining’s partner on the NyoriGreen graphite project, in Tanzania, has submitted applications for eight new mining and prospecting licences.
Marula agreed with its partner, NyoriGreen Mining Limited (NML), that more applications would be pursued after NML was granted ten mining licences in the country.
Following the grant of the new licences, Marula and NML will incorporate them into the broader NyoriGreen and Nyorinyori graphite projects.
The new licences will increase the total number of granted graphite mining licences that make up all the projects from 27 to 35, and will also include an additional and much larger prospecting licence, which will more than double the area of land over which the projects extend.
Marula also awaits assay results from a graphite sampling programme that was undertaken as part of a Phase 1 exploration programme. These results will inform a Phase 2 programme of exploration activities, including geophysics surveys, multispectral satellite image work, additional trenching and an initial resource drilling programme, which are all envisioned to start in the second quarter.
Marula CEO Jason Brewer says the company continues to strategically position itself in Tanzania's rapidly growing and globally important graphite sector. “This expansion underscores our commitment to maximising value for our shareholders and further solidifies our partnerships in Tanzania.
“It is important for us to move now and further consolidate our position here at Nyorinyori ahead of the release of the results of the Phase 1 programme of exploration, as we expect this region to quickly establish itself as another major graphite-producing region in Tanzania,” he adds.
Marula also has interests in several mine projects in South Africa and Zambia. The company’s strategy is to identify and invest in advanced, high-value mining projects in East, Central and Southern Africa.
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