Marula Mining PLC

("Marula'' or the "Company")

9 May 2025        

Wet Commissioning Completed

Marula Mining PLC (AQSE: MARU A2X: MAR) an African focused mining and development company, is pleased to announce the successful completion of wet commissioning of the Kilifi Manganese Processing Plant (the "Kilifi Plant") located in the Tezo Area, Kilifi County in Kenya.

Further to the announcement of 30 April 2025, the Company can confirm that the dry-commissioning and pre-operational testing, final upgrades and modifications of the Kilifi Plant have been completed. This work confirmed that the operational capabilities of all electro-mechanical systems and verified the operational performance of the modifications and upgrades that were made to the various sections of the plant.

Wet commissioning of the Kilifi Plant was also completed earlier today.

The wet commissioning process was overseen by Nairobi-based, Zegatron Engineering Solutions ("ZES"), which completed all the fabrication, installation and modifications and optimisation work on the Kilifi Plant. Wet commissioning involved the full and complete operation of the Kilifi Plant the feed of manganese ore through the entire processing plant circuit. It has confirmed the material handling, processing, and separation efficiency and capabilities of the Kilifi Plant meet the specified design and upgrade targets.

The Company's on-site management team, with the support of ZES will now proceed to increase throughput at the Kilifi Plant through the initial operational phase of the manganese processing operations and aim to achieve the budgeted production and sales for the current quarter.

The first planned manganese sales remain on target to commence in May 2025.

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 and Kruisrivier Cobalt Mine, 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.

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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.