Marmota Limited · ASX:MEU
Marmota — Marmota Energy — Shareholder Meeting (November 2011)
36 slides from Marmota's shareholder meeting presentation, Nov 18, 2011
Slide 1: Marmota Energy Limited Annual General Meeting November 2011
MARMOTA ENERGY For personal use only LIMITED Annual General Meeting November 2011 1 Copyright Marmota Energy Limited
Slide 2: Forward Looking Statements
For personal use only Forward Looking Statements “These materials include forward looking statements. Forward looking statements inherently involve subjective judgement and analysis and are subject to significant uncertainties, risks and contingencies, many of which are outside of the control of, an
Slide 3: Corporate Information
Corporate Information Stock Code ASX: MEU Shares 150 m For personal use only Market Cap (at 10 Nov 2011) A$9 m Cash (at 30 Sept 2011) A$4.7 m Brief Corporate History • Listed on the ASX November 2007 from Monax exploration uranium assets • 2008 – 9 Improved exploration licence position, obtaining te
Slide 4: Today's Presentation
Today's Presentation For personal use only South Australia: Uranium Copper Iron ore Western Australia: Rudall East uranium project United States: Big Blue JV Angel Wing JV 4
Slide 5: Junction Dam Uranium JV
Junction Dam Uranium JV • Extends Marmota’s footprint in best uranium address in South Australia For personal use only • JV with Teck Australia, PlatSearch, and Eaglehawk Consulting, where Marmota is set to earn 87.3% of the uranium rights on Junction Dam • Junction Dam covers the eastern extension
Slide 6: Junction Dam location
Junction Dam location For personal use only Honeymoon Mine 6
Slide 7: Junction Dam Exploration
Junction Dam Exploration • Exploration program was launched in mid For personal use only September 2009. • High resolution ground gravity survey over the western target zone was completed. • Augmented by soil and radon surveys. • Geophysics defined 20 km extent of the Yarramba Palaeochannel. High re
Slide 8: Junction Dam Phase Drilling Results
For personal use only Junction Dam Phase 1 Drilling Results • Phase 1 drilling: 20 Holes drilled • Multiple holes returning peak grades greater than 1000 ppm eU3O8* over a 1.5 km strike length open at both ends • Outstanding high grade intercepts including: *Equivalent grades (eU3O8) from ave 2011
Slide 9: Junction Dam Phase Drilling Results
Junction Dam Phase 2 Drilling Results For personal use only • Multiple holes returning peak grades greater than 1000 ppm eU3O8* over significant interval thicknesses • PFN holes completed confirming high grades • Strike length increased to 2km open north and south • High grade intercepts in Phase 2
Slide 10: Junction Dam Phase & Drilling Results cont.
Junction Dam Phase 1 & 2 Drilling Results cont. HOLE ID EASTING NORTHING DEPTH FROM THICKNESS (metres) AVERAGE GRADE PEAK GRADE GRADE (metres) eU3O8*(ppm) eU3O8*(ppm) THICKNESS m%eU3O8 JDRM0111 484800 6488818 124.8 0.8 588.237 1152 0.047 For personal use only JDRM0114 485000 6488530 124.07 3.15 174.
Slide 11: Junction Dam – Saffron QEMSCAN Results
g Uraninite Coffinite Autunite Uranium - Si intergrowths Uranium - Sulphide intergrowths Junction Dam – Uranium - Ti oxide intergrowths For personal use only Quartz Saffron QEMSCAN Results Kaolinite Fe Sulphides Sphalerite Other Sulphides Ti Oxides & Ti Silicate intergrowths Fe Oxides • Direct miner
Slide 12: Junction Dam – 2011 Phase drilling
Junction Dam – 2011 Phase 3 drilling For personal use only • Mineralisation confirmed from broad spaced drilling at the Bridget and Yolanda prospects immediately adjacent to Saffron. • Uranium mineralisation confirmed along New zones of 15km strike on Junction Dam open north uranium and south. miner
Slide 13: Maiden Inferred Resource for Saffron
Maiden Inferred Resource for Saffron For personal use only • 4.36 million tonnes of mineralisation* • Estimated to contain some 1,510 tonnes of U3O8 (3.33 million pounds) Saffron Inferred resource • Two mineralised sand layers of the Eyre New zones of uranium Formation (basal and upper) intersected
Slide 14: Junction Dam proposed forward plan
Junction Dam proposed forward plan For personal use only Timing Action Status November 2011 • Commence acquisition of ground EM data over Yolanda prospect UNDERWAY • Complete maiden inferred resource calculation for Saffron prospect December 2011 Commence retention lease process at Saffron area in p
Slide 15: Pundinya Uranium Project
For personal use only Pundinya Uranium Project 15
Slide 16: Pundinya Uranium Project
Pundinya Uranium Project • Further expansion of Marmota’s South Australian uranium project interests with the acquisition of the For personal use only Pundinya uranium project. • Exciting grades of up to 3200 ppm U3O8 have been returned from assay in drillholes completed on the project. • Significan
Slide 17: Pundinya Uranium Project
GRADE Hole No East North From To Thickness U3O8 Pundinya Uranium Project For personal use only THICKNESS m m m ppm m%eU3O8 W057 379264 6634393 48 52 4 249 0.0996 • Mineralised zone lies in the basal sand unit W058 379452 6634410 43 48 5 219 0.1095 unconformably overlying the basement. W074 379296 66
Slide 18: Pundinya Uranium Project
Pundinya Uranium Project For personal use only In 2011, application of the same exploration methodology successfully used at Junction Dam. Proposed exploration program along an additional 9km of prospective channel to include: • Biovegetation, soil and calcrete sampling. • Ground radon surveys. • Hi
Slide 19: Rudall East Uranium Project
Rudall East Uranium Project Rudall East uranium JV with For personal use only Teck Second agreement with Teck Australia Pty Ltd to explore for uranium expanding from SA into the Rudall East uranium project in WA. Rudall East covers the eastern extension of the Patterson Orogen which hosts the nearby
Slide 20: Rudall East project prospectivity
On the project: • Comprehensive suite of pre ‐competitive data supplied by the government provides a valuable ‘head‐start’ to exploration. • AEM survey has delineated buried palaeochannels and unconformity contacts, both of which are For personal use only important for uranium targeting in the proje
Slide 21: Western Spur Iron Project
For personal use only Western Spur Iron Project 21
Slide 22: Iron ore projects
• Western Spur is located 60 km north west of Iron ore projects For personal use only Lake Frome in the north-east of South Australia covering approximately 393 square kilometres. • Iron ore outcrops located 13 km from the Strzelecki Track, a major arterial road servicing gas fields to the north. •
Slide 23: Western Spur iron outcrops
• A number of outcrops have been visually identified with iron ore mineralisation at For personal use only Western Spur. • Surface expressions of a large zone extending for approximately 10 kilometres. • The iron mineralisation has been identified as haematite-goethite, and massive haematite. Below:
Slide 24: Prospectivity
PROSPECTIVITY Marmota sample location 1981 WMC drillhole location • Iron outcrop 4 extends for For personal use only approximately 3 km. • Drill hole logs which define intervals of iron mineralisation intercepted by a number of holes completed by WMC in 1981. • The logs show intervals of up to 30 me
Slide 25: Significant scale of iron outcrop
For personal use only Marmota 4WD Significant scale of iron outcrop, photograph from the top of the southern end of Outcrop 4 25
Slide 26: South Australia iron ore projects comparison table
South Australia iron ore projects comparison table (Source: PIRSA M20 Information sheet – October 2011) IRON EXPLORATION TARGET ASSESSMENT • Independent assessment of exploration results completed by Marmota during 2011 and previously by other exploration organisations including Western Mining Corp.
Slide 27: Melton Copper-Gold Projects
For personal use only Melton Copper-Gold Projects 27
Slide 28: Melton copper-gold drilling results
For personal use only • Significant copper grades intersected in drilling at the Melton copper-gold project on South Australia’s Yorke Peninsula. • Results include 9 metres at 1.03% copper including 1 metre at 2.25% copper and 0.46 g/tonne gold intersected in drill hole MIRDD08. • Significant grades
Slide 29: Miranda target and West Melton targets
West • Miranda target is up to 3 km in length. For personal use only Melton Melton • Eight drill holes have been completed at Interpreted continuation of the Miranda. Pine Point Fault Zone • Drill holes intersected observable sulphide mineralisation (pyrite and chalcopyrite). TARGET 3 • The Miranda
Slide 30: Miranda Target – Large magnetic body extending to depth
For personal use only Miranda Target – Large magnetic body extending to Depth Interpreted low grade zone Interpreted high grade zone Miranda target Phase 1 and 2 assay results schematic. Miranda total magnetic intensity image with drill hole locations shown and copper intercepts down hole displayed
Slide 31: Significant results from Miranda drilling
Significant results from Phase 1 and 2 of drilling of the Miranda target include: Hole East North From m Interval m Cu % Au g/t Ag g/t MIRDD01 (Phase 773860 6219295 451 21 0.11 1.02 1) For personal use only MIRDD04 (Phase 773835 6219245 432 4 0.15 1 1) 463 4 0.13 0.9 487 3 0.26 3.56 MIRDD05 (Phase 7
Slide 32: Forward Plan
Forward Plan For personal use only • Petrological assessment of mineralised samples from key intercepts. • Reassessment of shallower intervals of drillholes for potential further assay. • Phase 3 drilling program which will aim to MELTON PROJECT more clearly delineate the potential high grade minera
Slide 33: Nevada Gold Projects – Big Blue
• Marmota Energy in strategic partnership with high grade gold producer Ramelius Resources Nevada Gold Projects Limited (ASX: RMS) for gold project generation in the gold fields of Nevada. For personal use only • Marmota is currently participating in two high grade potential gold projects with RMS:
Slide 34: Angel Wing
Angel Wing For personal use only • Surface rock chip sampling has returned encouraging assay results up to 3m @ 17.1g/t Au (Ramelius’ check sampling returned 3m @ 25.2g/t Au + 89.2g/t Ag). • Ramelius’ 1m rock chip samples returned assays up to 57.7g/t Au with coincident elevated silver values (up to
Slide 35: Summary
Summary Junction Dam uranium • Growth of the maiden resource at the For personal use only Saffron deposit. • Significant expansion potential identified at Bridget and Yolanda prospects. Western Spur iron ore • Logging of WMC open drill holes in December 2011. Melton copper - gold • Phase 3 drilling
Slide 36: Marmota Energy Limited
For personal use only MARMOTA ENERGY LIMITED ASX CODE: ‘MEU’ www.marmotaenergy.com.au The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr D J Calandro, who is a Member of the Australian Institute of Geoscientist