Marula Mining nears final approval for Blesberg lithium mine

Published 19/06/2025, 15:32
 Marula Mining nears final approval for Blesberg lithium mine

JOHANNESBURG - Marula Mining PLC (AQSE:MARU, A2X: MAR) has satisfied two of three key conditions required for the issuance of a 10-year mining right at its Blesberg Lithium and Tantalum Mine in South Africa, according to a company press release statement.

The South African Department of Mineral and Petroleum Resources (DMPR) has granted environmental authorization after receiving the required ZAR 11.86 million (approximately £510,000) rehabilitation guarantee. The company has also completed the required environmental authorization notification and appeals process.

Additionally, Marula has submitted an updated Social Labour Plan to the DMPR, which has been approved by the Nama Khoi Local Municipality and affected communities, and is currently under review by authorities.

The final outstanding condition is the finalization of the Broad-Based Black Economic Empowerment structure for the company’s subsidiary, Southern African Lithium and Tantalum Mining. This process, which requires a minimum 30% BEE shareholding distribution, is expected to be completed by July 2025.

Once issued, the mining right will cover the full 1,051-hectare Blesberg license area, replacing a 2-year mining permit that covered only 5 hectares. This expansion will allow the company to develop a large-scale open pit mining operation beyond the current reprocessing of historical stockpiles.

The mining right approval will enable Marula to proceed with appointing a mining contractor and finalizing a previously announced joint venture with Asian-based battery manufacturers regarding a lithium acid leaching plant.

Marula Mining maintains interests in several battery metals projects across East, Central and Southern Africa, including operations in South Africa, Botswana, Kenya, and Tanzania.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.