Slide 1: Marmota Energy Limited - Mining 2011
For personal use only MARMOTA ENERGY LIMITED Mining 2011 October 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 j d judgement and d analysis l i and d are subject bj to significant i ifi uncertainties, i i risks i k and d contingencies, i i many off whi
Slide 3: Corporate Information
Corporate Information Stock Code ASX: MEU For personal use only Shares 150 m Market Cap (at 19 Sept 2011) A$8 m Cash (at 30 June 2011) A$5.8 m Brief Corporate History • Listed on the ASX November 2007 from Monax exploration uranium assets • 2008 – 9 Improved exploration licence position, position ob
Slide 4: Today's Presentation
For personal use only Today's Presentation South Australia: Uranium Copper pp Iron ore United States: Big Blue JV A Angel l Wi Wing JV 4
Slide 5: Junction Dam Uranium JV
Junction Dam Uranium JV Extends Marmota’s footprint in best uranium For personal use only • address in South Australia • JV with Teck Australia, Australia PlatSearch, PlatSearch and Eaglehawk Consulting, where Marmota has 74.5% of the uranium rights on Junction Dam • Junction Dam covers the eastern
Slide 6: Junction Dam location
Junction Dam location For personal use only Honeymoon Mine 6
Slide 7: Junction Dam Exploration
Junction Dam Exploration For personal use only • Exploration program was launched in mid 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 1 Drilling Results
For personal use only Junction Dam Phase 1 Drilling Results • Ph Phase 1 drilling: d illi 20 H Holes l d drilled ill d • Multiple holes returning peak grades greater than 1000 ppm eU3O8* over a 1.5 km strike l length th open att b both th ends d • Outstanding high grade intercepts including: ave 2
Slide 9: Junction Dam Phase 2 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 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 For personal use only JDRM0111 484800 6488818 124.8 0.8 588.237 1152 0.047 JDRM0114 485000 6488530 124.07 3.15 174.
Slide 11: Saffron QEMSCAN Results
Uraninite Coffinite Autunite Uranium - Si intergrowths Uranium - Sulphide intergrowths For personal use only Junction Dam – Uranium - Ti oxide intergrowths Quartz Kaolinite Saffron QEMSCAN Results Fe Sulphides Sphalerite Oth Sulphides Other S l hid Ti Oxides & Ti Silicate intergrowths Fe Oxides • Di
Slide 12: Junction Dam - 2011 Phase 3 drilling
Junction Dam – 2011 Phase 3 drilling For personal use only • Mineralisation confirmed from broad spaced drilling at the Bridget and Yolanda prospects p p immediatelyy adjacent j to Saffron. • Uranium mineralisation confirmed along 15km strike on Junction Dam open p north New zones of and south. uran
Slide 13: Junction Dam proposed forward plan
Junction Dam proposed forward plan Timing Action Status For personal use only October 2010 – March • Undertake QEMSCAN analysis of selected samples. COMPLETED 2011 • Commence acquisition of ground EM data over Bridget prospect • Assessment of results, determine suitability to commence calculation of
Slide 14: Pundinya Uranium Project
For personal use only Pundinya Uranium Project 14
Slide 15: Pundinya Uranium Project
Pundinya Uranium Project • Further expansion of Marmota’s South Australian For personal use only uranium project interests with the acquisition of the Pundinya uranium project. • Excitingg grades g of up p to 3200 pp ppm U3O8 have been returned from assay in drillholes completed on the project. • Si
Slide 16: Pundinya Uranium Project
For personal use only GRADE Hole No East North From To Thickness U3O8 THICKNESS Pundinya Uranium Project 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 17: Pundinya Uranium Project
For personal use only Pundinya Uranium Project 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 18: Western Spur Iron Project
For personal use only W t Western SSpur IIron P Project j t 18
Slide 19: Iron ore projects
• Western Spur is located 60 km north west of For personal use only Lake Frome in the north‐east of South Iron ore projects 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 20: For personal use only
• A number of outcrops have been visually For personal use only identified with iron ore mineralisation at 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 21: Prospectivity
PROSPECTIVITY Marmota sample location For personal use only 1981 WMC drillhole location • Iron outcrop 4 extends for 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 22: Marmota 4WD
For personal use only Marmota 4WD Significant scale of iron outcrop, photograph from the top of the southern end of Outcrop 4 22
Slide 23: Iron Assay Results
SAMPLE ID EASTING NORTHING Al2O3 % Fe2O3 % Fe % LOI % Mn% SiO2 47801 324313 6693368 0.79 74.92 52.39 12.89 1.45 2.98 47802 324300 6693277 0.65 0 65 79.58 79 58 55 65 55.65 11 58 11.58 2.11 2 11 2.85 2 85 47803 324249 6693244 1.79 63.5 44.41 14.46 0.88 5.22 For personal use only IRON ASSAY RESULTS 47
Slide 24: Melton Copper-Gold Projects
For personal use only Melton Copper‐Gold Copper Gold Projects 24
Slide 25: Melton copper-gold project
For personal use only • S g ca t copper Significant coppe grades g ades intersected te sected in drilling d g at the Melton copper‐gold project on South Australia’s Yorke Peninsula. • Results include 9 metres at 1.03% copper pp including 1 metre at 2.25% copper and 0.46 g/tonne gold intersected in d
Slide 26: Miranda target
West For personal use only • Miranda target is up to 3 km in length. Melton Melton • Eight drill holes have been completed at Interpreted continuation of the Mi d Miranda. Pine Point Fault Zone • Drill holes intersected observable sulphide mineralisation (pyrite and chalcopyrite). TARGET 3 • The Mir
Slide 27: Miranda Target - Large magnetic body
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 28: 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 Cu % Au Ag m g/t g/t MIRDD01 773860 6219295 451 21 0.11 1.02 (Phase 1) For personal use only MIRDD04 773835 6219245 432 4 0.15 1 (Phase 1) 463 4 0.13 0.9 487 3 0 26 0.26 3 56 3.56 MIRDD0
Slide 29: Forward Plan
For personal use only Forward Plan • Petrological g assessment of mineralised samples from key intercepts. • Reassessment of shallower intervals of drillholes for p potential further assay. y • Phase 3 drilling program which will aim to MELTON PROJECT more clearly delineate the potential high ggrade
Slide 30: Nevada Gold Projects - Big Blue
• Marmota Energy in strategic partnership with high grade gold producer Ramelius Resources Nevada Gold Projects Limited ((ASX: RMS)) for ggold project p j generation g in the gold fields of Nevada. For personal use only • Marmota is currently participating in two high ggrade p potential ggold p proj
Slide 31: Angel Wing
For personal use only Angel Wing • Surface rock chip sampling has returned encouraging assay results l up to 3m @ 17.1g/t Au (Ramelius’ check sampling returned 3m @ 25.2g/t Au + 89.2g/t Ag). • Ramelius’ li ’ 1m rockk chip hi samples l returned d assays up to 57.7g/t Au with coincident elevated silve
Slide 32: Summary
Summary Junction Dam uranium For personal use only • Maiden resource calculation at the Saffron prospect. • Significant expansion potential identified at Bridget and Yolanda prospects. Western Spur iron ore • Commissioning of independent exploration target assessment. Melton copper ‐ gold • Phase 3
Slide 33: 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