Uranium resource upgraded at Manyoni Project in Tanzania
Moab Minerals reported a 25% increase in contained uranium oxide (U3O8) at its Manyoni Project in Tanzania.
This takes its mineral resource estimate (MRE) to Joint Ore Reserve Committee (JORC) 2012 standards, up from JORC 2004. The resource now stands at 27.19-million pounds of uranium oxide at an average grade of 136 parts per million (ppm), up from the historical estimate released in March 2024.
“The upgraded MRE 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,” said Malcolm Day, managing director of Moab.
He added, “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.
The project’s shallow overburden and flat-lying mineralisation present clear advantages for future mining operations, potentially lowering both capital and operational expenditures. Comprehensive environmental and baseline studies are planned, in parallel with metallurgical test work designed to better assess ore characteristics and 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
