TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Delecta Limited ( (AU:MOM) ) has shared an update.
Moab Minerals Limited, operating in the uranium mining sector, has announced a significant upgrade in the Mineral Resource Estimate (MRE) for its Manyoni Uranium Project in Tanzania. The new estimate shows a 25% increase in contained uranium oxide, now totaling 27.19 million pounds at an average grade of 136ppm. This upgrade, now compliant with JORC 2012 standards, highlights the project’s growth potential and operational advantages, such as low-cost mining due to shallow overburden and flat-lying mineralization. The proximity of mineralized areas allows for optimized mine planning and reduced costs. The company is also planning environmental studies and metallurgical tests to advance the project through permitting and feasibility stages, with a focus on sustainable development.
More about Delecta Limited
Current Market Cap: A$1.87M
Learn more about MOM stock on TipRanks’ Stock Analysis page.