Moab Minerals Ltd’s Post

Star Minerals to launch uranium drilling in Namibia: Star Minerals is set to kick off drilling at its Cobra uranium project in Namibia which will comprise the first step of its staged earn-in to the project, estimated to contain 9 million pounds of uranium oxide. Star’s assessment of the project, which sits in the country’s highly-prospective Erongo region

Moab Minerals Ltd (ASX:MOM) has successfully completed the acquisition of 81.85% of Linx Resources, expanding its portfolio with advanced, large-scale uranium projects in Tanzania. "The completion of the acquisition of such high potential uranium projects is transformational for the Company. The fact that Uranex Ltd previously explored, and extensively drilled, the Manyoni Uranium Project from the early 2000’s to 2013 assists greatly. "There is a large volume of historic exploration data, including drilling data, that the Company has access to that will effectively save a lot of time and money. Given the current uranium price of circa US$85/lb, Moab is in the right place at the right time to re-evaluate the Manyoni Uranium Project and to commence exploration on the Octavo Uranium Project." - Moab Minerals Managing Director Malcolm Day #ASX #ASXNews #Investing #Mining #Uranium Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au https://lnkd.in/gdCR_XdF

Tanzania’s State Mining Corporation (STAMICO) is issuing new licenses for critical mineral exploration in unexplored basins to expand its energy transition metals portfolio. In an exclusive interview with Energy Capital & Power during Critical Minerals Africa 2024 Forum last week, Venance Mwasse, Managing Director, STAMICO said the licenses are for graphite, cobalt and nickel exploration. 🔗 Gain More Insight: https://lnkd.in/dS2Ktn-b “The key entry in this new critical mineral industry is geological information hence we are investing in new exploration through Vision 2030,” stated Mwasse, adding that the main aim is to de-risk Tanzania’s critical minerals and attract investors. He added that the campaign falls under efforts by STAMICO to support Tanzania’s economic growth agenda by drawing new investments into critical minerals and associated industries. Stay tuned for highlights from the event and more updates as we continue to explore the theme: "Innovate, Enact, Invest in African Critical Minerals to Sustain Global Growth." Join the conversation with #CMA2024 and check out our image gallery for the latest moments from the summit, visit: https://lnkd.in/gTaDFZGY #CMA2024 #CriticalMineralsAfrica #EnergyTransition #Africa #Mining #Investment #Tanzania #Exploration #Licensing #graphite #Cobalt #Nickel #ECPEvents

Namibia records surge in uranium exploration Namibia, renowned as the world’s third-largest producer of uranium, accounting for 11% of global supply, is currently witnessing a significant uptick in exploration activity and acquisitions within its uranium mining sector. According to the Chamber of Mines Namibia , Namibia’s uranium sub-sector is expected to significantly contribute to the country’s economic growth in 2024. "Increased production in 2024, combined with growing output in the medium-term from new uranium mines, will translate into increased foreign exchange earnings for the country and increased government revenue through royalties, corporate tax and export levies," CEO of the Chamber of Mines Veston Malango said. Companies from across the world, including Australia, Canada, Russia, and beyond, are increasingly investing in Namibia's uranium sector, drawn by the country's rich potential and favourable market conditions. https://lnkd.in/dAKU97Z4 #namibia #uranium Namibia Investment Promotion and Development Board (NIPDB) Bannerman Energy Ltd Puranium Energy Ltd (CSE: UX) (FSE: 2DK0) Madison Metals Inc. (CSE: GREN) (OTCQB: MMTLF) Tom Alweendo Deep Yellow Limited #mining

#ASXNews Agreement to Acquire Firawa Uranium-REE-Nb Project in Guinea DMC Mining Limited is pleased to announce that it has entered into binding agreements to acquire 100% of the Firawa Uranium-Rare Earth Element (REE)-Nb project in southeast Guinea and the Labé Uranium project in northern Guinea. • The Firawa #Uranium-#REE-Nb Project is a carbonatite style deposit and has the potential to be a globally significant deposit, based on scale potential and historic grades. • Firawa Project contains a JORC (2012) inferred Mineral Resource Estimate of; 27.1 MT @ 295ppm U3O8 (for 17.6 mill lbs U3O8), cutoff grade 100 ppm U3O8 • Significant historical intercepts include, 14m @ 471ppm U3O8 and 45m @ 32,900ppm TREO. • A total of 154 historic drill holes have been completed at Firawa Project, for 12,342 metres of drilling. • Mineralised zones of uranium & REE extend over a length of ~3 km and are open at depth and to the east and west. • Results so far have shown a positive correlation between the uranium and the REE content. • Analyses of 5 high-grade samples have resulted in an average NdPr:TREO ratio of 28.0%. • Mineralisation at Firawa contains anomalous concentrations of niobium (Nb2O5) throughout the 3km mineralised zone up to 22,784 ppm (2.28%) Nb2O5 in rock chips. #DMM Executive Chairman, David Sumich, commented: “The proposed Firawa Uranium-REE Project acquisition fits well into our critical minerals development strategy. As well as having a Mineral Resource Estimate reported in accordance with the JORC (2012) code, including over 12,000 metres of historic drilling, we are acquiring an oxide project that contains nearly 200 high-grade rare earth intersections. The significant exploration program already completed allows us to hit the ground running.” “The Labé Project will complement our exploration of the Firawa Project and will be an additional asset to our growing portfolio of uranium-based asset.” See the full announcement: https://loom.ly/rCwqvEw #DMCMining #MiningNews #ASX

$PIM - Pinnacle Minerals (ASX:PIM) is pleased to release the Company’s 2024 exploration plan along with an accompanying corporate presentation. The Company’s 2024 exploration plan is budgeted and fully funded from existing cash reserves and focuses on three projects targeting Lithium (Adina East), Uranium (Wirrulla) and Heavy Mineral Sands (Capel), All commodities to be targeted fit with-in the critical / technology minerals umbrella with the sequencing / timing of key exploration activities to provide consistent and meaningful exploration results throughout the calendar year. To ensure project deliverables on key exploration projects the company has elected to not exercise the Manna West option. Pinnacle maintains a strong balance sheet and reaffirms its commitment to the Company’s flagship Adina East Lithium Project in Québec Canada, the Wirrulla Uranium / REE Project in South Australia, and the Capel Mineral Sands Project in Western Australia. Pinnacle Minerals Managing Director, Nic Matich, commented: “The Pinnacle team has spent the first quarter of the year planning and executing an exploration plan involving several critical minerals at our priority projects. We have laid the foundations for success via carefully composing our project portfolio in key commodities in tier 1 jurisdictions, all the while maintaining a strong balance sheet and tight capital structure. Pinnacle is highly leveraged to success and the team is excited about the exploration results that 2024 may bring”. Read more: https://lnkd.in/g35E-ivA $PIM #lithium Robert Hodby William Witham Stephen Ross Jay Stephenson Lincoln Liu Nic Matich

Namibia can capitalize more from the uranium explorations beyond from loyalties, taxes and foreign exchange earnings. With forthcoming and willing investors, Namibia 🇳🇦 should go nuclear with its uranium.

A joint venture between the #Namibian and #Chinese governments, Swakop Uranium was established to mine #uranium for the clean energy sector, growing to become the world’s second-largest uranium producer. Founded on the principles of “Safety First, Quality Foremost, Pursuing Excellence”, the #mining company has made a name for itself by prioritising place safety and sound environmental management above all else. “Our vision of growth is real, our intentions clear and actions aligned to the long life of the #mine ahead of us,” pointed out Qiu Bin , CEO of Swakop Uranium, during our interview two years ago. “Given the uniqueness of mining and processing operations, we offer differentiating technical and managerial experience which prepares professionals to be globally competitive. “ https://lnkd.in/evMSC8Eg #businessworld #digitalnews #globalnews #news #onlinenews #internationalnews #businessleaders #newsupdates #newsoftheday #businessbuilding #latestnews #subscribe #follow #businessfocus

Peninsula Energy Limited (ASX:PEN, OTCQB:PENMF) has updated the mineral resource estimate (MRE) to 58 million pounds U3O8 at its flagship Lance Projects in the leading US #uranium mining jurisdiction of Wyoming. Significantly, the MRE within the Life-of-Mine (LOM) study areas of Ross and Kendrick increased by 19.6% to 26.2 million pounds U3O8. There was a 50% increase in inferred mineral resources within the Kendrick Production Area and a 6.4% increase in resources within the soon to restart Ross Production Area. The updated MRE comes as the importance of uranium to the #greenenergy mix is recognised and the US takes steps to ensure reliable supply.  As explained by Peninsula managing director and CEO Wayne Heili, “This resource growth comes at an opportune time with the United States Government continuing to take meaningful action to reinvigorate its domestic #uraniumproduction and #nuclearfuelcycle... More at #Proactive #ProactiveInvestors http://ow.ly/jWZ6105sO9B

We are pleased to share that KOMIR, the Korean Government’s mining agency, has elected to continue its investment in the Lefroy Lithium Project until 2026. KOMIR will fund the remaining USD$2 million in lithium exploration to earn its 30% stake, further strengthening this significant partnership. The first year of exploration has delivered consistent spodumene mineralisation at the large Kandui Prospect (2km by 1km) and the newly discovered Bird Rock Prospect, demonstrating the project's growing potential. Looking ahead, we will advance exploration at Kandui and Bird Rock, supported by a high-resolution aerial magnetic survey planned for early 2025 to refine drill targets and identify potential zones of thicker pegmatites. Managing Director Tim Wither said: “We started the partnership with no known spodumene intersection, and now we have two advanced targets. The KOMIR partnership is a strong endorsement of Maximus’ lithium prospects and allows us to leverage their expertise as we progress exploration in 2025.” This partnership reflects the growing global demand for critical minerals and highlights the strategic significance of the Lefroy Lithium Project. Gregor Bennett Brayden Sprigg Dos Santos Rajita Alwis #ASX #MaximusResources #KOMIR #Lithium #CriticalMinerals