KILIFI MANGANESE PROCESSING PLANT ▪ Marula acquired an 80% interest in the Kilifi Plant ▪ Through shareholding in Agarwal Metals and Ores Limited, a Kenyan incorporated mineral processing company. AMO is the registered owner of the Kilifi Manganese Processing Plant (the "Kilifi Plant") located approximately 60 km from the Port of Mombasa in the Tezo Area, Kilifi County in Kenya. ▪ Construction of the Kilifi Plant was completed in February 2023 at a cost of approx. KES 220 million and it commenced processing third-party manganese ores later that quarter before operations were suspended in H2 2023 as a result of the then prevailing low manganese ore prices and inability to secure adequate third party feed. ▪ The Company is targeting run of mine ore feed to the Kilifi Plant of +20% manganese, that has been historically mined in the region, and which will be upgraded to +30% manganese after processing through the Kilifi Plant. 65
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