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.

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.”

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