Moab Minerals Restricted (ASX: MOM) (Moab or the Firm) is happy to offer an replace of actions on the Manyoni Uranium Venture in Tanzania, Africa.
Highlights:
- An intensive core drilling program (60 holes) has commenced on the Manyoni Uranium Venture.
- Goal of 60-hole Stage One drilling is to confirm historic drill outcomes, get hold of further geologic and bulk density info, and perform preliminary metallurgical test-work to determine the optimum processing pathway for the challenge.
- Strategically positioned simply 5km north of Manyoni city, the Manyoni Uranium Venture enjoys handy entry to trendy railway and sealed freeway infrastructure, in addition to available energy and water sources.
- The Manyoni Uranium Venture was beforehand explored, and extensively drilled, by Uranex Ltd from the early 2000’s till 2013. The challenge didn’t proceed because of the low worth of uranium at the moment.
- Mineral Useful resource Estimation will probably be carried out by Snowdens/Optiro following profitable completion of the Stage One program.
- Part two drilling, involving an extra 100 holes, will comply with on and is designed to find extensions to the identified mineralisation at Manyoni.
Moab Managing Director, Mr Malcolm Day, commented: “I visited the Manyoni Uranium Venture final week and am excited to report that drilling has began. The Firm solely settled the transaction on ninth July and in lower than two months has been in a position to ‘hit the bottom operating’. The drilling program is predicted to run over the subsequent few months with many of the assay outcomes obtainable in November/December. I look ahead to updating shareholders in coming months in regard the development of the Manyoni Uranium Venture”.
In regards to the Manyoni Uranium Venture
Tanzania Uranium Tasks (Moab 94.00%)
On 12 March 2024, the Firm introduced the acquisition of a package deal of superior uranium tasks in Tanzania (refer ASX Announcement 12 March 2024) (Acquisition). The Firm accomplished the Acquisition on 9 July 2024.
The Acquisition consists of the Manyoni and Octavo Uranium Tasks, protecting a complete of 216 km2. The tasks are strategically positioned simply 5km north of Manyoni city, the Manyoni Uranium Venture enjoys handy entry to trendy railway and sealed freeway infrastructure in addition to available energy and water sources.
The Manyoni Uranium Venture was beforehand explored, and extensively drilled, by Uranex Ltd from the early 2000’s till 2013.
Venture Location
The Manyoni Uranium Venture tenements are positioned within the Republic of Tanzania (pop. 65 million), Africa, roughly 100km northwest of the capital metropolis of Dodoma (pop. 765,000). The placement of the uranium challenge at Manyoni is proven in Determine 1 and Determine 2.
Core drilling underway at Manyoni uranium challenge
Determine 1. Location of the Manyoni Uranium Venture
Determine 2. Location of Manyoni Tenements
Geological Setting and Uranium Mineralisation
The tenements are positioned within the central a part of the Tanzanian Archaean Protect, which is a steady platform of granite-gneiss terrane with marginal greenstone belts. Radiometrically “scorching” granites have been topic to erosion over geological time and have contributed uranium and different metals into the pluvial streams and lakes which drain the protect.
Within the Manyoni space the uranium is deposited in a shallow playa lake system as schröckingerite (within the lake sediments) and carnotite within the granitic saprolite beneath the lake sediments. The mineralisation varies from flat mendacity to shallowly dipping because it follows the route of the palaeo- drainage to the south-east whereas the typical depth to the highest of mineralisation varies from 3m to 10m.
Validation Drilling (Stage One Drilling)
Moab has accomplished a considerable evaluate of historic databases that had been acquired from the property distributors. Moab has appointed Useful resource specialists Datamine/Optiro to help the Firm with planning a program of Validation drilling designed to confirm historic drill outcomes. A program of 60 drill holes involving PQ Triple Tube core drilling adjoining to outdated drill holes that contained uranium mineralisation is deliberate to begin within the 1st Quarter FY2024/2025. The aims of this system embody:
- Twinning of a statistically legitimate variety of drill holes which offers the very best core restoration and pattern high quality. An estimated 60 drill holes to a median depth of 15m are deliberate. This program is designed to deal with historic assay reliability.
- Strict QA/QC controls will probably be applied in order to offer a statistically legitimate technique of verifying uranium grades.
- Bench scale metallurgical check work on a consultant suite of bulk samples from the above drill program.
- Further bulk density measurements to confirm historic information and to increase the database for various mineralized domains.
- Improved understanding of the geological controls on uranium grade distribution.
It’s estimated that this preliminary program will probably be accomplished in 2nd Quarter FY2024/2025. On completion of the Validation drilling program the knowledge will probably be used to replace the wire-frame mannequin for mineralized domains thereby facilitating useful resource estimation, relying on outcomes.
Exploration Drilling (Stage Two Drilling)
Along with the above drilling, Moab is planning to undertake an exploration drilling program that’s designed to find extensions to the identified mineralisation at Manyoni. This will probably be primarily based on grid drilling on a 400m x 400m and 200m x 200m sample across the identified mineralisation. The Manyoni uranium mineralisation is at shallow depth, various from 3m to 15m to the highest of mineralisation, and flat mendacity. Moab has executed a drilling contract for no less than 1500m of PQTT core drilling protecting Phases one and two drilling, with the choice to drill an extra 1500m.
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