Moab Minerals (ASX:MOM) has upgraded its resource estimate of the Manyomi Project in Tanzania to 27.19 million pounds grading 136 parts per million (ppm) of triuranium oxide, a 25% increase on historical estimates.
The company in a statement noted the deposit observes a “shallow overburden” meaning near surface operations present potential advantages in “capital and operational expenditure”.
Managing Director Malcolm Day says the updated resource estimate is highly encouraging for the company.
“The upgraded mineral resource estimate underscores the significant growth potential of the Manyoni Project, with ongoing drilling and geological mapping further refining the understanding of the mineralisation controls within the palaeochannel system.
“Exploration activities have also identified multiple zones where uranium grades are locally enhanced, particularly within the central high-grade core, offering opportunities for targeted development and resource expansion,” Day says.
The company intends to follow up the project with environmental and baseline studies to run in parallel with metallurgical testwork, assessing ore characteristics and an optimal processing pathway.
“These initiatives aim to support the advancement of the project through permitting and feasibility stages, while maintaining a strong focus on community engagement and sustainable development.”
Moab Minerals is a uranium explorer focused on developing the Manyoni and Octavo projects in Tanzania.
Write to Maddison Elliott at Mining.com.au
Images: Moab Minerals
