Appointment of Kwemvelo as External Trading Desk

Marula Mining PLC

20 July 2026

 

Marula Mining PLC
("Marula" or the "Company")

Appointment of Kwemvelo as External Trading Desk

Marula Mining PLC (AQSE: MARU A2X: MAR), an African-focused mining and development company, is pleased to announce the appointment of Kwemvelo Concepts Proprietary Limited ("Kwemvelo") as its exclusive external commodities trading desk.

Kwemvelo is a South African commercial advisory company established in 2016, providing commercial advisory, transaction support, contract assurance, commercial governance, due diligence and risk management services across Africa within the mining, oil and gas, infrastructure, energy and other capital-intensive sectors.

Under its engagement with Marula, Kwemvelo will support the Company through the establishment of an integrated commercial growth framework designed to strengthen market access, commercial execution and transaction governance as Marula advances its portfolio of producing and development-stage critical mineral assets.

Pursuant to the engagement, Kwemvelo will receive a monthly retainer, together with transaction-related fees in respect of all transactions falling within the scope of the mandate and typical of a engagement of this manner.

The appointment represents a further step in strengthening Marula's commercial infrastructure as the Company continues its transition into a larger multi-asset critical minerals producer. The engagement is expected to enhance market access, support customer and offtake development, improve commercial governance and transaction execution, and provide a scalable commercial platform capable of supporting increasing production volumes and future growth across the Company's operations.

The services to be provided by Kwemvelo are expected to include:

·      Commercial market development

·      Trading desk support

·      Buyer and offtake engagement

·      Transaction coordination

·      Contract assurance and risk governance

·      Logistics coordination

·      Commercial due diligence

·      Independent collateral assurance coordination through third-party providers, where required

Kwemvelo will act as an external commodities trading desk working alongside Marula's Board and Chief Operating Officer.

The engagement is expected to establish a structured commercial operating framework comprising:

·      Commercial Market Development

·      Trading Desk Support

·      Commercial Intelligence

·      Counterparty Due Diligence

·      Contract and Risk Governance

·      Independent Collateral Assurance Coordination

Together, these functions are intended to provide a single integrated commercial platform supporting Marula's operations across multiple commodities and jurisdictions. The framework is expected to assist Marula in strengthening relationships with customers, traders and financing partners, while supporting efficient transaction execution, enhanced governance standards and sustainable production growth.

Jason Brewer, Chief Executive Officer of Marula Mining, commented:

"As Marula intends to transition into a larger multi-asset producer, our commercial infrastructure must evolve alongside our operational growth. The appointment of Kwemvelo strengthens our downstream commercial capability and provides additional expertise across market development, commercial governance, logistics coordination and transaction management.

"This appointment supports our objective of building a scalable, institutionally robust mining company capable of servicing international customers, financiers and investors. Where regulated advice or approvals are required, these will continue to be provided by appropriately authorised advisers appointed by the Company."

Vishnu Naidoo, Chief Operating Officer of Kwemvelo, commented:

"Marula has assembled an exceptional portfolio of critical mineral assets with significant long-term potential. Our role is to help unlock that value by providing the commercial architecture and risk management framework that connects production with customers, logistics, financing, governance and investor confidence.

"We look forward to working alongside Marula's Board and operations team to strengthen commercial execution and support the Company's next phase of growth."

About Kwemvelo Concepts Proprietary Limited

Kwemvelo is a South African commercial advisory company established in 2016. The company provides commercial advisory, transaction support, contract assurance, commercial governance, due diligence and risk management services across the African continent in the mining, oil and gas, infrastructure, energy and other capital-intensive sectors.

Through its integrated commercial architecture approach, Kwemvelo supports organisations in strengthening market access, transaction governance and commercial execution across complex operating environments, helping clients connect production, logistics, financing and customer relationships through scalable and disciplined commercial frameworks.

The Directors of Marula are responsible for the contents of this announcement.

ENDS

Marula Mining PLC Jason Brewer Chief Executive Officer Faith Kinyanjui Mumbi Investor Relations	Email: [e-mail] Email: [e-mail]
AQSE Corporate Adviser Cairn Financial Advisers LLP Liam Murray / Ludovico Lazzaretti	[phone]
A2X Markets Advisor AcaciaCap Advisors Proprietary Limited Michelle Krastanov	[phone]

About Marula Mining

Marula Mining (AQSE: MARU A2X: MAR) is an African focused battery metals investment and exploration company and has interests in several high value critical mineral mining operations and mine development and exploration projects in East and Southern Africa. As we advance operations at these battery metals focused projects, Marula will continue to build and expand its interests in other high-quality projects in Africa.

Marula's strategy is to identify and invest in advanced and high-value mining projects throughout East, and Southern Africa that the Directors believe would deliver returns for its shareholders. The Board and management team aim to establish Marula as a socially and environmentally responsible, sustainable, and profitable producer of critical metals and commodities that are of increasingly strategic importance to modern technologies and the global economy. Marula's shares are traded on AQUIS Stock Exchange ("AQSE") in London and A2X Markets in South Africa.

Caution:

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

 

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