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JOHANNESBURG - Marula Mining PLC (AQSE:MARU, A2X: MAR) announced Friday that its South African subsidiary has secured a 30-year Surface Use Agreement with the Nama Khoi Local Municipality for operations at the Blesberg Lithium and Tantalum Mine.
The agreement, signed with the municipality in coordination with the Steinkopf Communal Property Association, covers the entire 1,051-hectare license area and includes provisions to extend beyond 30 years if mine life increases.
This development follows the company’s June 19 announcement that it had received Environmental Authorization from South Africa’s Department of Mineral and Petroleum Resources after providing a ZAR 11.86 million (approximately £510,000) environmental rehabilitation guarantee.
The Surface Use Agreement represents a critical component for Marula’s plans to develop Blesberg as a large-scale open pit mining operation and battery metals processing center, according to the company’s press release statement.
The agreement was reached after several months of consultative meetings with stakeholders, aligning with Marula’s stated policy of stakeholder engagement and transparency.
Marula Mining, which describes itself as an African-focused battery metals investment and exploration company, holds interests in multiple mining operations across South Africa, Botswana, Kenya, and Tanzania.
The company is currently advancing its Mining Right application for the Blesberg project, with further announcements expected as the process continues.
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