AQSE-listed Marula Mining has entered into a sales and offtake agreement with UK-based commodities trading group Fujax for manganese ore production from the Larisoro manganese mine in Samburu, Kenya.
The agreement covers an initial delivery of 2,000 tonnes of manganese ore, to be delivered by July 1. Following this, Marula is expected to achieve further minimum monthly deliveries of 5,000 tonnes, with nominal monthly deliveries reaching 20,000 tonnes over the next 12 months, continuing through June 2025. The agreement also includes an option for extension by mutual consent.
“Entering into this initial sales and offtake agreement with Fujax so soon after our investment in the Larisoro manganese mine reinforces our confidence in the potential of this mining operation.
This agreement complements our existing Blesberg lithium offtake agreement with Fujax,” said Marula CEO Jason Brewer on May 31.
Deliveries of the initial manganese ore tonnage to Fujax will commence immediately from stockpiled material in Nairobi and processed material from the Larisoro mine, which will be transported to Nairobi.
The agreement stipulates a minimum manganese ore grade of 30% and a maximum iron ore grade of 4%. Marula considers these specifications readily achievable based on current sampling, assay results, and historical sales from the Larisoro mine.
Furthermore, Marula confirmed that the monthly delivery targets and other specifications align with its current production plans, operating procedures, and budget for the Larisoro mine.
The transportation of manganese ore from Larisoro to Nairobi will be managed under a dedicated transportation and logistics agreement.
“Our team at the Larisoro manganese mine has been incredibly busy. With this agreement, I am confident that we now have partners who can enhance our position in Africa and the global manganese market, solidifying our role as a long-term, sustainable producer of high-value battery metal commodities,” Brewer added.
