Moab Minerals (ASX:MOM) Completes Validation Drilling at Manyoni Uranium Project

Perth, Australia – Moab Minerals is pleased to announce the successful completion of its validation drilling program at the Manyoni Uranium Project in Tanzania. This milestone sets the stage for further exploration and the development targeting a maiden JORC (2012) Mineral Resource Estimate (MRE) in 2025.

Key Highlights:

• Completion of Validation Drilling

  • 110 PQTT core holes totaling 1,608m drilled.

  • Downhole gamma logging for radiometric equivalent U₃O₈ (eU₃O₈) completed.

  • First batch of 51 core samples submitted to an ISO-certified laboratory in South Africa; results expected late December 2024 or early January 2025.

  • Remaining samples being prepared for shipment.

• Advancing Resource Estimation

  • Drilling program validates uranium grades from historical drill holes.

  • Data will support metallurgical testing, bulk density measurements, and geological modeling for a maiden JORC (2012) MRE in 2025.

  • Expanded drilling planned for newly acquired AuKing tenements to report resources to JORC (2012) standards.

• Exploration Upside

  • Acquisition of AuKing tenements expected to complete in March 2025.

  • Expanded drill programs in 2025 to assess resource potential across additional tenements.

Moab Managing Director, Malcolm Day, stated:
“Drilling at the Manyoni Uranium Project has been completed and the first batch of the assay results is expected in late December or early January. The acquisition of additional surrounding tenements from AuKing (expected to be completed in the March 2025 Quarter) which contain three uranium Projects known as E, F and G, adds significant upside potential to Manyoni. We’ll now look at expanding the drill program in 2025 to evaluate the resource potential of these new tenements”.

Project Overview: The Manyoni Uranium Project is located in central Tanzania, approximately 100 km northwest of Dodoma. The project area is underlain by a shallow playa lake system containing two distinct uranium mineralisation types:

1. Mbuga Clay: Organic-rich clay containing schröckingerite.

2. Granitic Saprolite: Granitic material with carnotite mineralisation.

The mineralisation is near-surface, flat-lying, and ideal for resource modeling and potential development.

Next Steps:

• First assay results (batch 1): Late December 2024.

• Second assay results (batch 2): Early January 2025.

• Metallurgical test results: March 2025 quarter.

• Expanded exploration drilling: September 2025 quarter.

• Maiden JORC (2012) MRE and resource studies: December 2025 quarter.

About Moab Minerals Limited:
Moab Minerals Limited (ASX:MOM) is an exploration and project development company with a portfolio of exploration projects including:

▪ The Manyoni and Octavo Uranium Projects located in Tanzania,

▪ The REX Uranium-Vanadium Project located in the famed Uravan Mineral Belt of Colorado,

▪ The Highline Copper-Cobalt Project in Southern Nevada, and

▪ The Woodlands Project in Western Australia.

Jane Morgan, Investor and Media Relations
+61 405 555 618
 [email protected]