Moab Minerals drills towards Manyoni resource estimate

• Stage 1 exploration campaign started at Manyoni
• 60 holes to be drilled and metallurgical work conducted to verify historical exploration data
• Mineral resource estimate to be completed following drilling

Special Report: An extensive, 60-hole core drilling program has commenced at Moab Minerals’ Manyoni uranium project in Tanzania to verify historical data and produce a resource estimate.

Having only finalised the transaction on 9^th July this year Moab Minerals (ASX:MOM) is hitting the ground running at its Manyoni uranium project.

Manyoni was previously explored and extensively drilled by Uranex from the early 2000s until 2013, yet stalled due to depressed uranium prices post the Fukushima incident.

Strategically located 5km north of Manyoni town, the project area has access to modern railway and sealed highway infrastructure, as well as readily available power and water resources.

Hitting the ground running

The 60-hole, Stage 1 drilling program aims to verify historical drill results, obtain additional geologic and bulk density information, and carry out preliminary metallurgical test work to ascertain the optimum processing pathway for the project.

Drill results will be compiled and analysed to form Manyoni’s resource estimate and then a 100-hole Stage 2 exploration program will locate extensions to the known mineralisation.

Manyoni uranium mineralisation is at shallow depth, varying from 3m to 15m to the top of mineralisation, and flat lying.

MOM has executed a drilling contract for a minimum of 1500m of PQTT core drilling covering Stages 1 and 2, with the option to drill an additional 1500m.

Stage 1 will be comprised of grid drilling on a 400m x 400m and 200m x 200m pattern around the known mineralisation which is at shallow depth.

Stage 2 drilling will follow on, involving a further 100 holes designed to locate extensions to the known mineralisation at Manyoni.

This will be based on grid drilling on a 400m x 400m and 200m x 200m pattern around the known mineralisation.

This article was developed in collaboration with Moab Minerals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.