Marula Mining’s South African Lithium and Tantalum Mining subsidiary has inked a significant long-term offtake deal with UK-based Fujax UK for spodumene ore and concentrate from the Blesberg lithium and tantalum mine in the Northern Cape.
The agreement encompasses the sale and purchase of the entirety of Blesberg’s spodumene ore and concentrate production until December 31, 2026, with a minimum of 50,000 tons at a 6% lithium grade.
Commencing sales in May, the agreement will see monthly deliveries to Fujax, which retains the option to extend the offtake arrangement for an additional three years until December 31, 2029. Notably, there are no predefined limits on additional deliveries over this period.
Under the terms, 80% of the monthly sales value will be paid upon delivery to Fujax’s designated Cape Town warehouse, with the remaining balance settled upon receipt of final quality and weight certificates at the discharge port.
CEO Jason Brewer expressed satisfaction with the deal, highlighting its pivotal role in advancing Blesberg’s long-term growth plans.
He emphasized the partnership with Fujax, citing their global expertise in metals and minerals trading, logistics, storage, risk management, and financing as instrumental in driving the project forward.
