Marula to finalise NCLT project acquisition following receipt of prospecting right
Following the receipt of the signed prospecting right for the Northern Cape lithium and tungsten (NCLT) project in December, Africa-focused mining and exploration investment company Marula Mining can now complete the acquisition of the project by making the final payment to the vendors. Marula has elected to settle the £625 000 – about R15-million – tranche through the issuance of 20.83-million shares.
Following the receipt of the signed prospecting right for the Northern Cape lithium and tungsten (NCLT) project in December, Africa-focused mining and exploration investment company Marula Mining can now complete the acquisition of the project by making the final payment to the vendors. Marula has elected to settle the £625 000 – about R15-million – tranche through the issuance of 20.83-million shares.
