Moab Expands Flagship Manyoni Uranium Project by 488km2 via Accretive Acquisition

Moab Minerals Limited (ASX:MOM) (Moab, the Company) is pleased to announce the acquisition of four additional Prospecting Licences surrounding its Manyoni uranium project in Manyoni Province in Tanzania, Africa.

• Moab has executed a binding agreement with AuKing (ASX:AKN) to acquire four highly prospective prospecting licences immediately adjacent to Moab’s existing Manyoni Uranium Project.
• The new tenements are highly strategic as they cover parts of the historic Manyoni Uranium Project held by Uranex (ASX:UNX) prior to 2013, representing the consolidation of all of the Manyoni Uranium deposits for the first time in over 10 years.
• The Manyoni Uranium Project is located within close proximity to infrastructure including modern rail and sealed highway as well as readily available power and water resources.
• The Stage One 105-hole core drilling program is currently underway at the Manyoni Uranium Project and will be followed by the Stage Two program of 100 exploration core holes.
• Moab intends to release its Maiden JORC (2012) Mineral Resource Estimate in calendar year 2025 following completion of preliminary drilling activities.
• Scoping or Preliminary Feasibility Study, planned for calendar year 2025.

Moab Managing Director, Mr Malcolm Day, commented: “I visited the Manyoni Uranium Project last week to see the start of the drilling program. The program is expected to run over the next few months with most of the assay results available in November/December. The acquisition of these additional surrounding tenements, which contain three uranium Mineral Resources1 known as E, F and G, estimated by Uranex resources in 2010 as part of Uranex’s Manyoni Uranium Project, adds significant upside potential to Manyoni. We’ll now look at expanding the current drill program to evaluate the resource potential of these new tenements”.

About the Manyoni Uranium Project

Project Location

The Manyoni Uranium Project tenements are located in the Republic of Tanzania (pop. 65 million), Africa, approximately 100km northwest of the capital city of Dodoma (pop. 765,000). The location of the uranium project at Manyoni is shown in Figure 1. Whilst Figure 2 shows the location of the Auking tenements that Moab (via its 80% owned local subsidiary company Katika Resources Ltd) will acquire.

Core drilling underway in August 2024 at Manyoni uranium project

Figure 1. Location of the Manyoni Uranium Project

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