Marula Mining PLC - Africa-focused mining and development company - Provides an update on the execution of formal documentation in regards to its investments in Tanzania at the Kinusi Copper project and the Nyorinyori & Bagamoyo Graphite projects. Says it has signed commercial agreements with Takela Mining Tanzania Ltd on both the Kinusi and the Nyorinyori Graphite project, and with Kusini Gateway Industrial Park Ltd on the Bagamoyo Graphite project. The commercial agreements have been entered into on the same commercial terms and conditions and obligations as those previously agreed to in the binding terms sheets previously signed between the parties.

Chief Executive Officer Jason Brewer says: "I am delighted to confirm that the formal legal documentation on our investment in each of our three Tanzanian projects has now been completed and the commercial agreements have been signed by all parties. This is another positive development for Marula and for our mining and development activities."

Current stock price: EUR0.16, up 20% on Wednesday

12-month change: up from EUR0.03

By Sophie Rose, Alliance News reporter

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