Boteti Lithium Brines Project Update
Summary by AI BETAClose X
Marula Mining PLC
("Marula'' or the "Company")
1 September 2025
Boteti Lithium Brines Project Update
Marula Mining PLC (AQSE: MARU A2X: MAR) an African focused mining and development company, is pleased to provide an update on activities at the Boteti Lithium Brines Project (the "Boteti Project") located in the Makgadikgadi Desert Salt Pan in the Boteti District of the Republic of Botswana, which the Company has agreed to acquire up to a 70% interest in from Botswanan exploration company Geowise Resources (Pty) Limited ("Geowise").
The Makgadikgadi Desert Salt Pan has been identified as being highly prospective for various critical minerals, including lithium and has been designated the 'Makgadikgadi Lithium Zone' by Botswana's Department of Mines.
Further to the announcement of 30 April 2025, the Company has completed its due diligence on the acquisition of the Boteti Project and is proceeding with formal acquisition documentation and incorporation of a new special purchase vehicle ("SPV") in Botswana through which the respective interests in the Boteti Project and the three granted prospecting licences are to be held. The Company is pleased to confirm that that this work is ongoing.
The Company is pleased to now confirm that in accordance with its obligations to fund 100% of the exploration, feasibility studies and mine development work necessary to advance the Boteti Project through to production, it has advanced the first payments through to Geowise, to enable activities to now commence.
Geowise's exploration and technical team and consultants have mobilised to conduct site and community liaison and stakeholder consultation ahead of this quarters planned exploration drilling activities. Geologists will, as part of this work, carry out preliminary field observations to confirm lithology, complete brine sampling of existing boreholes, map structural features, and identify environmental conditions relevant to the upcoming exploration drill planning and program.
This phase of work is considered a critical step to ensure awareness, understanding, and consent from local communities prior to the commencement of the major field activities planned.
The community engagement work will introduce the planned exploration of the Boteti Project to local leaders, community members, and relevant authorities. It will ensure transparent communication regarding land access over the duration of the planned activities, and ensure all environmental considerations are incorporated. Furthermore it will provide the platform for community matters to be addressed and importantly ensure all parties are aware of any culturally sensitive areas that are to be respected during the planned exploration activities.
During this visit, Geowise's exploration and technical team and consultants will complete initial baseline geological and environmental observations including:
· confirming surface lithology and note key outcrops;
· identifying and mapping visible structural features including faults, folds, fractures and bedding planes;
· recording soil types, composition, and variability relevant for future sampling;
· observing vegetation cover and land use, noting areas of ecological sensitivity; and
· assessing geomorphological features such as drainage patterns, erosion, and slopes that that may affect accessibility or future sampling strategies.
Upon completion of this work, Geowise and the Company will look to commence the next phase of exploration drilling at selected targets across the three granted prospecting licences. This work will include percussion or reverse circulation drilling, splitting and weighing, test pumping of the brines, on-site acquisition of key field parameters including pH, Eh, Ec, DO and alkalinity of the brines, geological logging of drill chips, pXRF and drill and brine sampling.
The Directors of Marula are responsible for the contents of this announcement. This announcement contains inside information for the purposes of UK Market Abuse Regulation.
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 mining operations and mine development projects in Africa: the Blesberg Lithium and Tantalum Mine, Northern Cape Lithium and Tungsten Project, all in South Africa; the Boteti Lithium Brines Project in Botswana; the Larisoro Manganese Mine and Kilifi Manganese Processing Operation both in Kenya; the Kinusi Copper Mine, the Nyorinyori Graphite Project and the NyoriGreen Graphite Project all in Tanzania. 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, Central and Southern Africa that the Directors believe would deliver returns for its shareholders. The Board and management team aims 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. Marula is exploring opportunities to admit its shares to trading on Kenya's Nairobi Securities Exchange and South Africa's Johannesburg Stock Exchange.
For enquiries contact:
|
Marula Mining PLC Jason Brewer, Chief Executive Officer
Faith Kinyanjui Mumbi Investor Relations |
Email : jason@marulamining.com
Email : info@marulamining.com
|
|
AQSE Corporate Adviser Cairn Financial Advisers LLP, Liam Murray / Ludovico Lazzaretti |
+44 (0)20 7213 0880 |
|
A2X Advisor AcaciaCap Advisors Proprietary Limited Michelle Krastanov |
+27 (11) 480 8500 |
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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