Moab Minerals Strengthens Manyoni Uranium Project Through Consistent Results

Highlights

• Initial 51 drill holes reveal widespread uranium mineralization
• Shallow, flat-lying deposits support low-cost open-cut mining potential
• Additional assays and strategic tenement expansions enhance project scope

Moab Minerals (ASX:MOM), a mining exploration company, has delivered encouraging assay results from its Manyoni uranium project in Tanzania. Located northwest of Dodoma, the project lies within a region known for abundant uranium-rich deposits. Recent drilling from the initial 51 holes has shown consistent mineralization across the area, with most holes indicating significant concentrations of uranium oxide. These findings highlight the many opportunities present in a system characterized by shallow and flat-lying deposits that may be amenable to cost-effective open-cut mining techniques.

Drilling Program and Technical Insights
The ongoing drilling campaign has provided substantial data, with 49 out of 51 holes returning mineralized intervals that exceed a defined threshold for uranium concentration. Notable intercepts include continuous zones of mineralization that extend from near-surface levels downward through several meters of rock. Detailed analysis of the core samples has confirmed the presence of uranium mineralization in a flat-lying sequence, suggesting that the geological setting is conducive to low overburden removal costs and straightforward extraction methods. The systematic approach to drilling not only validates historical data but also refines the geological understanding of the mineralized system, reinforcing the technical merits of the Manyoni project.

Geological Characteristics and Mining Potential
The Manyoni project benefits from a geological setting that exhibits uniformity in both structure and mineralization. The mineralized zones are located at shallow depths, and their flat-lying nature implies a potential advantage for open-cut mining operations. The ease of access to the ore body, coupled with minimal overburden, indicates that extraction could be executed with lower operational costs compared to more complex underground projects. This favorable geology enhances the overall profile of the project, setting it apart as a promising target within the Tanzanian uranium landscape. The presence of continuous mineralized zones also suggests the potential for expanding the resource base as additional drilling refines the extent of the deposit.

Expanding the Technical Dataset
Moab Minerals is currently progressing through a comprehensive drilling program that spans 110 holes and covers a significant portion of the project area. The data gathered so far has surpassed initial expectations, confirming the consistency and continuity of the uranium mineralization across multiple tenements. Ongoing metallurgical testing aims to determine the optimal processing pathways, which will be instrumental in guiding future exploration phases. The upcoming assays from the remaining 59 drill holes are anticipated to further enrich the technical dataset and provide additional clarity on the lateral and vertical extents of the mineralization. This systematic accumulation of data will lay the groundwork for a detailed resource estimate based on recognized industry guidelines.

Strategic Tenement Expansion and Regional Integration
In parallel with the drilling program, Moab Minerals is actively pursuing strategic acquisitions to expand the Manyoni project area. The company is finalizing agreements to acquire adjacent tenements that encompass known uranium occurrences. This strategic expansion is intended to integrate additional mineralized zones into the existing project portfolio, thereby enhancing the overall development strategy. The integration of these tenements will not only increase the size of the exploration footprint but also provide access to geological information from earlier work programs in the region. With these strategic moves, the Manyoni project is being positioned as a comprehensive uranium asset within a resource-rich area of Tanzania.

Local Geology and Resource Model Development
The geological framework at Manyoni is marked by a consistent lithology that supports extensive uranium mineralization. Detailed geological mapping and geochemical surveys have identified key structures that appear to control the distribution of mineralized zones. These controls include subtle fault zones and stratigraphic markers that have guided the placement of drill holes during the initial phase of exploration. As more data becomes available, a refined resource model is expected to emerge that accurately defines the geometry and continuity of the uranium-bearing units. The emerging model is set to provide insights into the processes that have led to the formation of the deposit, offering a blueprint for targeted follow-up drilling and potential extraction scenarios.

Operational Efficiency and Future Drilling Campaigns
One of the most compelling aspects of the Manyoni project is its operational simplicity. The shallow depth of the mineralization and the flat-lying nature of the deposit suggest that any future mining operations could be conducted with a relatively low capital expenditure. The current drilling program, designed to validate and extend the known mineralization, is structured to maximize data collection while maintaining operational efficiency. Future drilling campaigns will likely focus on step-out and infill drilling to delineate the resource boundaries more clearly and identify high-grade zones within the broader deposit. This phased approach ensures that each step builds on the technical findings of the previous phase, thereby reducing uncertainties and refining the exploration strategy.

Harnessing Tanzania’s Resource Potential
The Manyoni uranium project forms a critical component of Tanzania’s expanding mining landscape. The country has attracted significant attention due to its favorable geology and the presence of several large-scale mineral deposits. With Manyoni, Moab Minerals is well placed to contribute to the region's growing reputation as a major source of uranium. The project benefits from Tanzania's supportive regulatory framework and the presence of established infrastructure, which together enhance the viability of future development plans. By aligning its technical programs with the broader trends in the Tanzanian mining sector, Moab Minerals is well positioned to capitalize on the region’s abundant resource potential.

A Strategic Vision for the Future
The promising results from the Manyoni project underscore a strategic vision that encompasses both technical excellence and operational efficiency. The comprehensive drilling program, combined with ongoing metallurgical testing and strategic tenement acquisitions, demonstrates a clear commitment to advancing the project through methodical exploration and data-driven decision-making. The robust dataset emerging from the initial 51 drill holes, along with anticipated results from the remaining program, serves as a strong foundation for the next phase of exploration. As further assays are integrated into the resource model, the technical understanding of the deposit will continue to improve, guiding future efforts aimed at unlocking the full potential of the Manyoni uranium project.

Moab Minerals’ progress at Manyoni reflects a blend of disciplined exploration techniques and strategic expansion within a promising geological setting. The consistent uranium mineralization, shallow deposit characteristics, and planned program enhancements collectively signal a well-structured path forward for this uranium project. With continued data accumulation and refinement of the geological model, the Manyoni project is set to play an important role in the evolving landscape of uranium exploration in Tanzania.