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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
30 Jan 2026 1:59PM
Price at Release
$0.002
Full Release
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Summary
Moab Minerals Limited, an exploration and project development company, reported on its quarterly activities for the period ending December 31, 2025. During this period, Moab focused on its Manyoni Uranium Project in Tanzania, refocusing efforts after terminating an agreement to acquire the Sasare Cu-Au Project in Zambia. This decision is driven by the strong uranium market. Efforts included completing technical work to upgrade the mineral resource estimate and planning a scoping study. The company also reported on their cash flow activities, noting operating expenses and costs related to staff and corporate administration. Financing activities included securing a $600,000 loan from European Lithium Ltd. Moab is also involved in other projects such as the Highline Copper-Cobalt Project and holds an interest in CAA Mining, with interests in lithium and gold exploration in Ghana.
Key Points
  • Moab terminated acquisition of the Sasare Cu-Au Project in Zambia.
  • Refocused on the Manyoni Uranium Project due to a strong uranium market.
  • Mineral Resource Estimate for Manyoni upgraded to JORC 2012 compliance.
  • Investing activities included $88k in exploration and evaluation.
  • Entered a $600k loan agreement with European Lithium Ltd.
  • No activities were reported for the Highline Copper-Cobalt Project in Nevada during the quarter.
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.