Moab Managing Director, Mr Malcolm Day, commented: “I visited the Manyoni Uranium Project last week to see the start of the drilling program. The program is expected to run over the next few months with most of the assay results available in November/December. The acquisition of these additional surrounding tenements, which contain three uranium Mineral Resources1 known as E, F and G, estimated by Uranex resources in 2010 as part of Uranex’s Manyoni Uranium Project, adds significant upside potential to Manyoni. We’ll now look at expanding the current drill program to evaluate the resource potential of these new tenements”.
About the Manyoni Uranium Project
Project Location
The Manyoni Uranium Project tenements are located in the Republic of Tanzania (pop. 65 million), Africa, approximately 100km northwest of the capital city of Dodoma (pop. 765,000). The location of the uranium project at Manyoni is shown in Figure 1. Whilst Figure 2 shows the location of the Auking tenements that Moab (via its 80% owned local subsidiary company Katika Resources Ltd) will acquire.
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