Africa-focused mining and development company Marula Mining, through its wholly owned South African subsidiary Muchai Mining South Africa, has signed a binding term sheet with South African mining company Mansena Cobalt to acquire a 51% shareholding in Mansena Kruisrivier Cobalt (MKC). MKC is the registered holder of prospecting right LP30/5/1/1/2/13532PR, which extends over 2 340.90 ha of the Kruisrivier 74 JC Farm in the Elias Motsoaledi district of Limpopo, South Africa, and which includes the historical Kruisrivier cobalt mine.