Marula Mining PLC

("Marula'' or the "Company")

28 July 2025       

Collaborative Research and Academic Agreement with

Jomo Kenyatta University of Agriculture and Technology

Marula Mining PLC (AQSE: MARU A2X: MAR) an African focused mining and development company, is pleased to announce that it has entered into a 5-year Collaborative Research and Academic Agreement (the "Agreement") with Jomo Kenyatta University of Agriculture and Technology ("JKUAT").

The Agreement sets out a partnership and collaboration between Marula and JKUAT aimed at establishing a framework for cooperative joint research in the mining, mineral processing, mineral value addition and associated fields.  Under the Agreement, both Marula and JKUAT will carry on a continued program of exchanging information on a wide variety of educational and applied research programs focused on maximising value from the development of Kenya's mining sector.

The signing of the Agreement is firmly in line with the Company's strategy in Kenya and throughout Africa, to maximise the benefits from its mining and mineral processing activities for all stakeholders and for responsible broad based socio-economic development in a sustainable environment.

JKUAT is one of Kenya's leading universities and research centres recognised for its strong emphasis on science, engineering, technology, and innovation. With a solid track record in applied research, JKUAT plays a key role in advancing Kenya's development goals, particularly in areas such as industrialisation, sustainable development, and technological innovation

Key objectives of the Agreement include:

·    to undertake joint research in the mining, mineral processing and mineral value addition

·    to provide an instrument for establishing various collaborative initiatives for the growth and mutual benefit of the two institutions

·    to enhance professional skills through training, joint ventures, exchanges, learning and exposures visits, curricula development and review of relevant courses and training, staff and students' interactions and exchange of experiences and information

·    to boost and enhance higher education, through research, training, innovation, technological development and capacity building in the areas of mutual interest

·    to identify and encourage any other activities that would benefit both parties.

The Company and JKUAT have agreed that the initial areas of focus will include:

·    technological development into proprietry processing and refining and purification of raw materials in Kenya to create cathode and anode active battery materials

·    research and technological development of mineral and metallurgical processes to produce and supply High Purity Manganese Sulphate Monohydrate (HPMSM) from Marula's  manganese mining and processing operations in Kenya, to the electric vehicle battery market;

·    research and technological innovation on the extraction, production and supply of high purity lithium and graphite products to the electric vehicle battery market.

Jason Brewer, CEO of Marula Mining, said:

"This 5-year Collaborative Research and Academic Agreement with JKUAT is a major milestone for Marula here in Kenya.

"It is no secret that our ambitions for Marula extend beyond just conventional mining and mineral processing and into the production of high value, refined and intermediate critical metal products for the electric vehicle and energy transition sectors.

"Marula is delighted to be working alongside such a prestigious and established technical university here in Kenyan and through this partnership we are looking at establishing Kenya at the forefront of mineral research in the critical metals sector."

JKUAT Vice chancellor Prof. Victoria Wambui Ngumi said:

"Through this collaboration, we're set to undertake innovative joint research projects that drives innovation and build crucial capacity within the fields of Mining, Mineral Processing, and Mineral Value Addition," Prof. Ngumi said.

"We're particularly enthusiastic about the practical applications of this partnership, which include developing technology for processing and refining raw materials into battery components.

These efforts directly support Kenya's industrialisation agenda as well as global vision to fashion more liveable and a sustainable world."

About JKUAT

Jomo Kenyatta University of Agriculture and Technology (JKUAT) is a public University which aspires to be a university of global excellence in Training, Research and Innovation for Development. JKUAT's mission is to offer accessible, quality and transformative training, research, innovation and entrepreneurship in order to produce leaders in the fields of Agriculture, Engineering, Technology, Built Environment, Enterprise Development, Law, and the Social, Health, Pure and Applied Sciences, to suit the needs of a dynamic world. The university has emerged a veritable centre of excellence in training, research and innovation not just for Kenya but also for the African region.

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 and Northern Cape Lithium and Tungsten Project, 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.