MOAB Minerals

Quarterly Activities Report for the Period Ended 30 September 2024

Moab Minerals Limited (ASX: MOM) (Moab or the Company) is pleased to provide an overview of activities for the period ending 30 June 2024 (“Quarter” or “Reporting Period”).


Highlights:

  • Moab announced the completion of the acquisition of the Manyoni and Octavo uranium projects in Tanzania on 9 July.
  • Validation Drilling commenced at Manyoni in August and is expected to be completed in the December Quarter.
  • Objective is to verify Uranex’s historical drill results at Manyoni, obtain additional geologic and bulk density information, and carry out comprehensive metallurgical testwork to ascertain the optimum processing pathway for the project. This work will feed into a JORC 2012 compliant Mineral Resource Estimate to be followed by Scoping level or Pre-feasibility level mining studies in 2025.
  • Subsequent to the end of the Quarter (ASX:MOM 16 October 2024) Moab announced the acquisition of an additional four uranium tenements covering 488km2 which will be consolidated into the Manyoni uranium project.
  • At the REX uranium project in Colorado the Company is in the process of permitting an 18- hole drill program to follow-up the results of the 2023 drill program. The Company intends to seek a joint venture (JV) partner to drill the project.
  • Moab continues to monitor its 11.02% interest in CAA Mining Limited (CAA Mining), an exploration and development company focused on lithium and gold exploration in Ghana, Africa.
  • On 20 September Moab announced a $750,000 Director loan facility had been put in place to provide ongoing working capital.

Moab Managing Director, Mr Malcolm Day commented: “During the Quarter, we completed the acquisition of Linx Resources Pty Ltd that owns the Manyoni and Octavo uranium projects in Tanzania. This move is in line with the Company’s strategy to shift focus to uranium exploration in Africa. The task at hand is to verify the historical drill results and to test for extensions to known mineralisation through a step-out drill program. Moab announced the completion of the acquisition on 9 July. Validation Drilling commenced in August, which attests to the efficient approvals process in Tanzania. The Octavo tenement is more grassroots but is located in a highly prospective area adjacent to Rosatom’s world-class uranium deposit at Nyota.

In June 2023, Moab acquired an initial 14.64% (now diluted to 11.02%) interest in CAA Mining, an exploration and development company focused on lithium and gold exploration in Ghana, Africa. The board continues to monitor the exploration results from CAA Mining’s Ghanaian lithium projects.I would like to thank shareholders for their support to date and we look forward to providing further exploration updates.”


Click here for the full ASX Release

This article includes content from MOAB Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

MOM:AU
The Conversation (0)
Quarterly Activities Report and Appendix 5B

Quarterly Activities Report and Appendix 5B

Moab Minerals (MOM:AU) has announced Quarterly Activities Report and Appendix 5BDownload the PDF here. Keep Reading...
Uranium Assay Results for Manyoni Uranium Project

Uranium Assay Results for Manyoni Uranium Project

Moab Minerals (MOM:AU) has announced Uranium Assay Results for Manyoni Uranium ProjectDownload the PDF here. Keep Reading...
Outstanding Uranium Assay Results at Manyoni Uranium Project

Outstanding Uranium Assay Results at Manyoni Uranium Project

Moab Minerals (MOM:AU) has announced Outstanding Uranium Assay Results at Manyoni Uranium ProjectDownload the PDF here. Keep Reading...
Quarterly Activities Report and Appendix 5B

Quarterly Activities Report and Appendix 5B

Moab Minerals (MOM:AU) has announced Quarterly Activities Report and Appendix 5BDownload the PDF here. Keep Reading...
Manyoni Uranium Project - Validation Drilling Completed

Manyoni Uranium Project - Validation Drilling Completed

Moab Minerals (MOM:AU) has announced Manyoni Uranium Project - Validation Drilling CompletedDownload the PDF here. Keep Reading...
Graph with rising trend, nuclear cooling towers emitting steam and electrical towers.

US, Brookfield and Cameco Strike US$80 Billion Nuclear Reactor Deal

The US government has entered into an US$80 billion partnership with Brookfield Asset Management (TSX:BAM,NYSE:BAM) and Cameco (TSX:CCO,NYSE:CCJ) to construct new Westinghouse nuclear reactors.The initiative aims to accelerate the revival of the US nuclear industry, while powering the rapid... Keep Reading...
Yellow uranium rock on dark stones with ASX logo in the corner.

Top 3 ASX Uranium Stocks of 2025

After a volatile year defined by tightening supply, bullish investor sentiment and persistent structural challenges, the uranium market is entering the final quarter of 2025 with renewed momentum. Spot U3O8 prices have climbed from a March low of US$63.25 per pound to a year-to-date high of... Keep Reading...
Canadian flag next to uranium ore.

5 Best-performing Canadian Uranium Stocks of 2025

The uranium market is entering the final quarter of 2025 with renewed momentum after a volatile year marked by tightening supply, bullish investor sentiment and lingering structural challenges. Spot U3O8 prices have surged from a March low of US$63.25 per pound to a year-to-date high of US$83.18... Keep Reading...
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

American Uranium (AMU:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
Yellow uranium ore with periodic table symbol on black reflective surface.

Thor Energy Plans to Recover Uranium, Critical Minerals from Colorado Mine Waste

Thor Energy (ASX:THR,LSE:THR) has finalized a binding agreement with US-based DISA Technologies to treat abandoned uranium mine waste in Colorado to recover saleable uranium and other critical minerals.Under the agreement, DISA will deploy its patented high-pressure slurry ablation technology at... Keep Reading...
Queensland Uranium and Rare Earth Acquisition Completed

Queensland Uranium and Rare Earth Acquisition Completed

Basin Energy (BSN:AU) has announced Queensland Uranium and Rare Earth Acquisition CompletedDownload the PDF here. Keep Reading...

Latest Press Releases

Related News