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Moab Minerals Limited (ASX:MOM)

ALERT: Price-sensitive ASX Announcement for MOM
Current share price for MOM : $0.002 0 (0%)+
Announcement
Release
28 Jan 2026 8:14AM
Price at Release
$0.002
Full Release
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Summary
Moab Minerals Limited has decided to terminate its agreement to acquire the Sasare Copper-Gold Project in Zambia due to unsatisfactory due diligence results. The company will instead concentrate on advancing its Manyoni Uranium Project in Tanzania, leveraging the favorable uranium market conditions. This project benefits from an updated JORC-compliant Mineral Resource Estimate, and Moab plans to undertake further test work and a Scoping Study to advance its development.
Key Points
  • Moab Minerals Limited terminated its agreement to acquire the Sasare Copper-Gold Project in Zambia.
  • The acquisition was subject to several conditions which were not satisfied, leading to the termination.
  • Moab will refocus its efforts on the Manyoni Uranium Project in Tanzania.
  • The decision is supported by the current strength in the uranium market.
  • The Manyoni Uranium Project has an upgraded Mineral Resource Estimate compliant with JORC 2012.
  • Moab plans to conduct mineralogy test work and a Scoping Study on the Manyoni project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.