Marula Mining will spend R26 million ($1.35 million) on a resource drilling, exploration, and mine planning programme for its Blesberg lithium and tantalum mine in South Africa.
The African-focused mining and development company said the programme will be funded by Q Global Mining, a subsidiary of Q Global Commodities.
“Our activities at the Blesberg Lithium and Tantalum Mine are moving ahead at pace," said Marula Mining chief executive Jason Brewer.
“Whilst we are continuing to progress the mining and processing of the high-grade spodumene and lithium mineralisation in the historic stockpiles, we are now also moving ahead with a resource drilling, exploration, and mining programme.”
He said that the work will include a geophysics programme spanning 1,200 km2, a five-trench exploration programme, and a two-phased 38-hole, 2,900m drilling programme.
"This study work will give us an indication of the opportunity that I believe Blesberg presents to Marula and shareholders,” said Brewer.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
