Australian mining firm European Lithium has pledged $500,000 to Moab Minerals for its Manyoni Uranium Project in Tanzania. This funding will enhance exploration operations at Manyoni, where drilling has confirmed high-grade uranium deposits. Moab is also pursuing projects in Ghana for gold and lithium. Additionally, African Mining Week offers insights into mining opportunities in Africa.
Moab Minerals Limited has secured a commitment of $500,000 from Australian mining firm European Lithium for its Manyoni Uranium Project in Tanzania. This funding, through private placement, aims to enhance exploration efforts at Manyoni and strengthen Moab’s overall working capital. Recent drilling results from February 2025 confirmed high-grade uranium deposits in the area, and further metallurgical test results are anticipated in March 2025, with expanded drilling slated for September and a maiden mineral resource estimate due by December 2025.
In addition to its uranium focus, Moab is also investigating potential gold and lithium deposits in Ghana. This diversification aligns with its strategic vision for growth in the mining sector.
African Mining Week, taking place from October 1-3 in Cape Town, provides a crucial platform for discussing mining opportunities across Africa. Held in conjunction with the African Energy Week: Invest in African Energies 2025 conference, attendees can gain insights from sponsors and exhibitors about investment and explorative initiatives within the energy sector. For inquiries about participation, contact [email protected].
Moab Minerals is advancing its Manyoni Uranium Project, bolstered by a $500,000 investment from European Lithium. The project demonstrates potential for high-grade uranium, with key developments scheduled for 2025, including drilling and resource estimates. Additionally, the company is diversifying into gold and lithium exploration in Ghana. Events like African Mining Week highlight significant opportunities within Africa’s mining landscape.
Original Source: energycapitalpower.com
