Marula Mining PLC – Haywards Heath, England-based mining investor – Initial exploration activities at Bagamoyo graphite project in Tanzania have started. Says Phase 1 will include mapping, sampling and trenching across the 22 granted mining licenses and “targeting high-grade, jumbo and large flake graphite mineralisation”. It is due to be completed in the first quarter of this year.
Chief Executive Officer Jason Brewer says: “I am delighted to confirm that Marula continues to rapidly progress its activities at pace, and across what is fast becoming a very exciting portfolio of battery metals projects here in Africa. Graphite continues to stand out as an essential ingredient in the manufacture of electric vehicle batteries, and as global demand for electric vehicles continues to escalate it is expected to drive a considerable increase in demand for graphite, Marula intends to work towards supplying the product to the global markets from its exploration and development activities in Tanzania and in support of the green transition.”
Back at the end of November, Marula Mining entered binding heads of agreement with Tanzanian miner Kusini Gateaway Industrial Park Ltd, securing a 73% commercial interest in Bagamoyo.