Marula makes maiden investment in Kenya to acquire a 60% interest in manganese mine

Battery metals miner Marula Mining has signed a binding term sheet with Kenyan manganese mine operator Gems and Industrial Minerals (GIM) to acquire a 60% commercial interest in the Larisoro mine, in Samburu Country, Kenya. The shallow openpit Larisoro mine started operating in 2012, with manganese ore grades having ranged from 18.82% to 55% between 2018 and 2024, with 33.41% being the average.