GCIMarula Mining initiates Phase 1 exploration at Nyorinyori and NyoriGreen graphite projects in Tanzania
() , an Africa-focused mining and development company, announced that its geological consultant Geofields has commenced phase 1 of exploration work at the Nyorinyori graphite project and NyoriGreen graphite project, located in the Manyara region of Tanzania. The projects comprise 20 graphite mining licenses where Marula has a 75% commercial interest.
The mobilisation of Geofields follows meetings earlier this week in Nairobi between Marula, Geofields and technical representatives from Q Global Commodities during which detailed planning, budgeting and scheduling for the accelerated development of the two projects was approved. Geofields on-site work will include mapping, sampling, and additional trenching work as well as the establishment of a comprehensive geological database across the 20 granted licenses.
Phase 1 of exploration will focus on the high-grade and jumbo flake graphite mineralisation that has been observed with visual estimates of 90% graphite content in shallow broad graphite veins at Nyorinyori. This mineralisation has been seen over an initial strike length of over 2km at Nyorinyori and is interpreted to extend into the NyoriGreen licences area.
"Our expectations of Nyorinyori and NyoriGreen are high, and we look forward to seeing the results from this Phase 1 Program." said Jason Brewer, CEO of Marula Mining.
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Marula noted further progress in its planned exploration and development of the Nyorinyori and NyoriGreen graphite projects. Graphite is a key component in Li-ion batteries used in EVs, grid storage and portable devices. Marula's exploration programme for the two projects has been planned, budgeted, and detailed, with Geofields commencing phase 1 of exploration activities.
Phase 1 is scheduled to be completed in December 2023 with the findings and initial report to be presented to Marula by the end of January 2024. Approx. 200 samples across both sites will be taken as part of phase 1, with assay results expected by the end of Q1 2024.
The results from phase 1 will be incorporated into the phase 2 programme, which will commence in Q1 2024 and is expected to include geophysics surveys, multi-spectral satellite imaging work, additional trenching, and a diamond drilling programme.
With multiple milestones expected over the next few months, investors interested in battery metals should Marula Mining for future news and updates.
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