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Delecta Limited ( (AU:MOM) ) has provided an update.
Moab Minerals has extended the deadline to satisfy conditions precedent for its acquisition of Imbas Mining Pty Ltd, which holds rights to earn up to an 80% interest in the Sasare Gold and Copper Project in Zambia, pushing the date out to 28 February 2026. The extension, agreed with Imbas, is intended to provide Moab with additional time to secure shareholder approval and complete due diligence on the transaction, signalling the company’s continued strategic push into African gold and copper alongside its existing uranium and battery metals portfolio, with potential long-term implications for its resource diversification and growth prospects.
More about Delecta Limited
Moab Minerals Limited is an ASX-listed exploration and project development company focused primarily on the Manyoni Uranium Project in Tanzania, where it holds an 80% interest alongside local partner Galo Capital Ltd. The company also owns the Highline Copper-Cobalt Project in Southern Nevada and holds a 9.3% stake in CAA Mining, which is advancing lithium and gold exploration projects in Ghana, broadening Moab’s exposure to energy and battery metals across multiple jurisdictions.
Current Market Cap: A$4.03M
For detailed information about MOM stock, go to TipRanks’ Stock Analysis page.