Marmota Limited · ASX:MEU
Marmota — Shareholder Meeting (November 2017)
25 slides from Marmota's shareholder meeting presentation, Nov 9, 2017
Slide 1: AGM Presentation 2017
For personal use only AGM Presentation 2017 ASX: MEU 9 November 2017
Slide 2: Corporate Snapshot
Corporate Snapshot ASX: MEU! For personal use only Capital Structure Largest Shareholders Shares on issue 547 m Op2ons 0 Dr Colin Rose Unlisted op2ons 6.5 m Southern Cross Capital Market Cap (at 1.7 cents per share) ~ $9.3 m J Rose Cash (as at 30 September 2017) $ 693,000 Yandal Investments (Mark Cr
Slide 3: Share Price
Share Price ASX: MEU! 1 year plot 5 year plot For personal use only 3
Slide 4: The Year in Brief
The Year in Brief! Spending less Gold DISCOVERY For personal use only Doing more at Aurora Tank 4 drill programs Maiden Gold JORC Total: 17,833m of drilling estimate underway 10 gold-in-calcrete Outstanding anomalous zones gold intersections ready to drill-test at Aurora Tank 4
Slide 5: Aurora Tank Gold Discovery
Aurora Tank For personal use only Gawler Craton Aurora Tank Gold Discovery AGM UPDATE
Slide 6: Aurora Tank: How it was a year ago
Aurora Tank How it was … 1 year ago For personal use only (Sept 2016) 6
Slide 7: Aurora Tank a year later
Aurora Tank 1 year later… For personal use only (Sept 2017) 7
Slide 8: Gold Discovery at Aurora Tank
GOLD DISCOVERY at Aurora Tank 100% owned! • Aurora Tank is located 50km NE of the Challenger Gold Mine (ASX:WPG) • In September 2016, Marmota carried out its first drilling program at Aurora Tank For personal use only • In September 2017, Marmota reported outstanding 1m intersec2ons including 101 g/t
Slide 9: Aurora Tank Gold First Metallurgical Testwork
Aurora Tank Gold First Metallurgical Testwork! Cyanide Leach Tests Yield 94% to 97% gold recoveries ! For personal use only ASX: MEU 30 Oct 2017 Gold Recoveries (in %) vs Leach 2mes in hours (for the 3 test samples) 9
Slide 10: Gawler Craton Gold Exploration
Aurora Tank For personal use only Gawler Craton Gawler Craton Gold Exploration AGM UPDATE
Slide 11: Our goal: Find the next Challenger Gold Mine
Our goal: Find the next Challenger Gold Mine …! • Challenger (right) has produced over 1 million For personal use only ounces of high-grade gold (A$1.7 billion of gold at current prices) • At opening: one of Australia’s most profitable gold mines 1 • Discovered by drilling calcrete gold anomalies (as
Slide 12: Our goal: Find the next Challenger Gold Mine
Our goal: Find the next Challenger Gold Mine …! Consolida2on For personal use only Marmota has further consolidated and expanded our DOMINANT tenement holding around the Challenger Gold Mine (ASX:WPG) o See diagrams: next 3 pages o MEU tenements now cover 6,000 km2 of highly prospecFve ground around
Slide 13: MEU Tenements around Challenger
MEU Tenements around Challenger For personal use only
Slide 14: MEU Gawler Craton Portfolio expanded
MEU Gawler Craton PorZolio expanded For personal use only July 2015 July 2017
Slide 15: MEU, Challenger and Neighbours
MEU, Challenger and Neighbours For personal use only
Slide 16: Gawler Exploration Taskforce (GET)
Gawler Exploration Taskforce (GET)! • Last year, we brought in Dr Kevin Wills – the geologist who designed the For personal use only programs that discovered Challenger – to head up exploraFon • Marmota’s tenements are significantly underexplored = more potenFal (not old ground that has already been
Slide 17: Calcrete sampling in the Gawler Craton
Calcrete sampling in the Gawler For personal use only Craton Marmota’s tenements are significantly underexplored 17
Slide 18: The best happens undercover!
The best happens undercover! For personal use only Most of Marmota’s Gawler Craton ground is blanketed by a thin veneer of residual or transported surface cover. This is an advantage because: • It means the old-timers / prospectors would not have been able to find whatever riches may be lying undern
Slide 19: Gold-in-calcrete anomalies depend on thickness of cover
Gold-in-calcrete anomalies depend on thickness of cover! No cover With minor cover For personal use only Gold-in-Calcrete: Gold-in-Calcrete: Peak 500 to 1000ppb Au Generally 0 to 100ppb but generally 0 to 100ppb Type (a) Weathered basement at/near surface Type (b) Mineralisa2on under thin Gold prese
Slide 20: What's Next?
Aurora Tank For personal use only Gawler Craton What’s Next? AGM UPDATE
Slide 21: New drill-test ready targets
10 new drill-test ready targets! For personal use only • Challenger was found by drilling calcrete gold anomalies • Aurora Tank was found by drilling calcrete gold anomalies • Marmota has now idenFfied 10 new anomalous coherent gold-in-calcrete zones … (but not drill tested them yet) • Most are now d
Slide 22: Aurora Tank: First Diamond Drilling Commencing
Aurora Tank: First Diamond Drilling Commencing! For personal use only First Diamond Drilling Commencing 22
Slide 23: Update overnight from Aurora Tank
Update overnight from Aurora Tank (via satellite) Rig on site For personal use only Drilling has commenced 23
Slide 24: Marmota as a company is evolving
Marmota as a company is evolving …! For personal use only Transitioning from: Discovery Production Marmota is very fortunate to have: Peter Thompson Technical Director and Dr Kevin Wills ExploraFon Director … on the Board, both of whom have years and years of invaluable technical experience to advan
Slide 25: Disclaimer
Disclaimer Disclaimer This presentaFon has been prepared by Marmota Limited (“MEU”). The informaFon contained in this presentaFon is a professional opinion only and is given in good faith. Certain For personal use only informaFon in this document has been derived from third parFes and though MEU has