High grade graphite mineralisation observed at Nyorinyori project in Tanzania
High grade graphite mineralisation and the presence of jumbo graphite flakes have been observed at Nyorinyori project in Tanzania. Marula Mining CEO Jason Brewer made the announcement and said the results are from recently completed a technical site visit to the granted mining licenses.
“We are pleased with the promising results observed during our recent site visit to the Nyorinyori Graphite Project. The high-grade graphite mineralisation and presence of jumbo graphite flakes are indicative of the immense potential that we believe this project holds.
Nyorinyori project
“As a result, we will be fast-tracking our on-site activities and accelerating exploration work to further demonstrate and realise this potential. We are now submitting several samples of the high-grade graphite mineralisation taken whilst on site for analyses. In addition, we will also be taking an initial bulk sample to give us a better understanding of this mineralisation and its grade and flake sizes.
“Graphite is an essential component in green energy technologies, such as electric vehicle batteries and hydrogen fuel cells. The Nyorinyori Graphite Project not only aligns with our strategic focus on battery metals but also positions Marula to, in our opinion, quickly contribute towards the global demand for graphite as we collectively push towards the green transition,” said Jason Brewer, Marula Mining PLC CEO said.
The firm recently entered into a binding heads of agreement with Tanzanian mining company, Takela Mining Tanzania Limited, to secure a 75% interest in 10 granted graphite licences that make up the Nyorinyori Graphite Project, located in the Simanjiro District, in the Manyara Region of Tanzania, for a total consideration of up to £400,000 through staged equity payments and subject to certain milestones being achieved.
