Drilling program set for Nyorinyori, NyoriGreen graphite projects in Tanzania
Marula Mining PLC has initiated a 2,000-meter diamond drilling program at its Nyorinyori and NyoriGreen graphite projects in Tanzania. This is part of the company’s strategy to focus on high-potential assets.
By reallocating resources from the Bagamoyo Graphite Project, Marula demonstrates its commitment to optimizing exploration budgets and targeting areas with promising high-grade and large flake graphite mineralization.
Drilling program
The drilling program, with a budget of $2.44 million, will test 1.20 kilometers of surface graphite mineralization observed in widths up to 120 meters. Sampling results, showing Total Graphitic Carbon (TGC) assays ranging from 11.22% to 15.89%, underline the high potential of these projects.
Withdrawal from the Bagamoyo Graphite Project reflects Marula’s emphasis on optimizing its project portfolio. Â Collaboration with Takela Mining Tanzania Limited and NyoriGreen Mining Limited aligns with the goal of achieving operational milestones, including commencing small-scale open-pit mining by mid-2025.
Trading on AQUIS Stock Exchange and A2X Markets, with aspirations to expand to Kenyan and South African exchanges, reflects Marula’s growth ambitions. The forward-looking approach is based on recent exploration successes and a clear focus on Tanzanian graphite assets.
This development places Marula in a competitive position within the African mining sector, particularly in graphite, a critical material for the green energy transition. The company’s progress and results from the upcoming drilling campaign will likely be pivotal for its growth trajectory and shareholder value.
