Africa-focused miner and developer Marula Mining is preparing to list on the LSE’s Aim and has appointed mining and environmental consultancy MSA Group as the technical consultant for the listing process.
MSA Group, which provides services such as exploration, geology, and mineral resource and reserve estimation, has prepared numerous public reports for all the major mining stock exchanges, and will complete a competent person's report on Marula’s portfolio of battery metals projects in Africa.
Marula has also appointed law firm ENSafrica as its African lawyers for the listing and the firm is due to complete an independent legal due diligence report on Marula’s portfolio of projects.
Marula has the Blesberg lithium and tantalum mine, in the Northern Cape province of South Africa; the Nkombwa Hill niobium, tantalum, rare earths and phosphate project in the North-East of Zambia; and the Tanzania-based Bagamoyo graphite mine, the Kinusi copper mine and the Nyorinyori graphite project.
Marula’s appointment of the MSA Group and ENSafrica follows the earlier appointment, in March, of Peterhouse Capital as its sole corporate broker.
These appointments are also in addition to those of Cairn Financial Advisers and Memery Crystal as nomad and legal counsel to Marula.
Marula CEO Jason Brewer says the company is confident that the expertise of the MSA Group and ENSafrica will ensure a smooth and successful listing process. “These appointments, alongside our existing partners Cairn Financial Advisers, Memery Crystal and Peterhouse Capital, demonstrate our commitment to assembling a strong and experienced team to support our growth and future success.”
He adds that the Aim listing is being undertaken as Marula’s board is of the firm opinion that it will provide the company with greater access to capital, increased visibility, and a larger pool of potential investors. “[This will] enable us to further expand our portfolio of high-quality mining projects in Africa and continue delivering value to our shareholders.”