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Marula Mining PLC - Haywards Heath, England-based mining services investor - Following preliminary assay results, and review of the Blesberg lithium & tantalum project in South Africa, site establishment will commence, with Southern Metal Processing Pty Ltd starting initial site works.
The consultant will also submit a proposal for the retreatment of the existing stockpiles and preliminary design work for a longer term hard-rock mine.
Marula will also apply for two five hectare mining permits extending over the initial areas to reprocess the stockpiles, which will be valid for two years with extension permission for another two years.
‘Blesberg continues to go from strength to strength and the outlining of the next phase of work, with the goal of reprocessing the existing stockpiles to produce a high-value and high grade lithium product with cashflow potentially by the end of the year, is further evidence of the value we believe the project possesses,’ said Chief Executive Officer Jason Brewer.
Current stock price: 2.1 pence
12-month change: down 14%
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