Moab Minerals (ASX:MOM) has strengthened its position in the East African energy sector by securing four strategic uranium tenements adjacent to its existing Manyoni Uranium Project in Tanzania.
The acquisition, facilitated through a transfer from AuKing (ASX:AKN) to Moab’s subsidiary, Katika Resources, represents a vital consolidation of the company’s regional holdings.
The newly acquired tenements are particularly valuable as they contain direct extensions to the known palaeochannel uranium system, which is already mineralised at Manyoni.
The geological continuity suggests high potential for further resource expansion and streamlined exploration efforts.
The transaction is a key milestone for the company, following a substantial 25% upgrade to the Manyoni mineral resource estimate announced in September 2025.
That update placed the project's resources at a 27.2 million lbs of uranium with an average grade of 139ppm U3O8.
To finalise the deal, Moab is seeking shareholder approval during the June quarter for the issuance of 62.5 million ordinary shares to AuKing as consideration.
Managing Director Malcolm Day emphasised that this acquisition is an "important step" in building a strategic tenement holding with diverse exploration targets.
Moab is preparing for an intensive operational phase, including metallurgical testwork and step-out drilling across the new tenements.