LARISORO MANGANESE MINE PROJECT ▪ Larisoro Manganese Mine located in Samburu County in Northern Kenya ▪ Within the Proterozoic Mozambique mobile belt, in the portion which lies to the east of the East African Rift Valley. ▪ Marula has 60% commercial interest stake through signing a Binding Terms Sheet with Kenyan manganese mine operator Gems and Industrial Minerals Limited with an option to increase to 70% ▪ The Larisoro Manganese Mine is a conventional and shallow open pit mine with two granted and adjoining mining licences ▪ Marula to make an Initial investment of approx US$1.5 million in new mobile mining equipment and new processing equipment to increase production and resources ▪ The investment in new mobile mining and processing equipment and upgrades and expansion commenced in April 2024
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