Marmota Limited · ASX:MEU
Marmota — Marmota Energy — Shareholder Meeting (November 2014)
28 slides from Marmota's shareholder meeting presentation, Nov 25, 2014
Slide 1: Annual General Meeting – Managing Director Presentation
Annual General Meeting For personal use only Managing Director Presentation 25 November 2014 David Williams
Slide 2: Important Information
Important Information For personal use only Disclaimer This presentation has been prepared by Marmota Energy Limited (“MEU”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third par
Slide 3: Corporate Snapshot
Corporate Snapshot Marmota Energy (ASX: MEU) is a diversified mineral exploration and development company with key For personal use only projects across the Cu-Ni, Cu-Au, uranium and iron spaces. Capital Structure1 Shares on Issue 263M Options 0.7M Market Cap (at 1.1cps) $2.9M Cash (as at 30 Sep 14)
Slide 4: FY14 Year in Review
FY14 Year in Review Broad range of mineral exploration activity conducted throughout FY14. For personal use only Project Year in Review Summary New analysis increased uranium recovery potential Junction Dam Moved to 100% of uranium rights over EL 4509 Infill geochemical sampling and geophysica
Slide 5: FY14 Year in Review – Junction Dam
FY14 Year in Review – Junction Dam For personal use only Saffron deposit QEMSCAN Results: Direct mineralogical assessment Samples from sonic cored drill holes analysed Uraninite and autinite confirmed as the uranium minerals These two minerals are readily leachable and are the predominant co
Slide 6: FY14 Year in Review – Melton
FY14 Year in Review – Melton For personal use only Melton copper project: 2,000 metre Phase 1 aircore drilling program at West Melton was designed to give initial broad spaced coverage of this untested area 19 holes intercepted copper mineralisation grading >0.1% Cu 8 holes intercepted signifi
Slide 7: FY14 Year in Review – Durkin
FY14 Year in Review – Durkin For personal use only Durkin nickel project: Assay results of up to 1.38% nickel from targeted individual one metre intervals submitted for assay from first pass RC drilling in the 1st half of 2013 Best results achieved from the geochemical analysis were 3 metres at
Slide 8: FY14 Year in Review – Indooroopilly
FY14 Year in Review – Indooroopilly For personal use only Indooroopilly project: 14 vertical RC drillholes for a total of 2,100 metres State PACE co-funded project at “Moonbi” prospect assay results containing high grades of tungsten were returned from two drill holes (MRC005 and 006) Best r
Slide 9: FY14 Year in Review – Lake Anthony/Mt Christie
FY14 Year in Review – Lake Anthony/Mt Christie For personal use only Lake Anthony/Mt Christie iron project: Assays of surface outcrop samples provided high grade iron results grading above 58% Fe Subsequent analysis revealed that 70% of the hand specimen shown below consisted of a heterogeneous
Slide 10: FY14 Year in Review – Aurora Tank
FY14 Year in Review – Aurora Tank For personal use only Aurora Tank gold project: Apollo Minerals identified a “new large-scale IOCG target” from field work Apollo undertook a ground gravity survey and acquired historic high resolution airborne magnetic and radiometric data Apollo stated that
Slide 11: Actions this year
Actions this year Melton copper project: For personal use only Geophysics review using drilling results provided a clearer understanding of depth to basement, the structural and geological setting for the mineralisation and highlighted new targets for further exploration (ASX Release 7 July 2014)
Slide 12: Strategic Review – Portfolio Overview
Strategic Review Portfolio Overview For personal use only Large portfolio covering 5,886 sq km across 26 tenements with multiplicity of targets but with high associated work commitments To ensure exploration expenditure is focused on highest priority targets, Marmota has recently conducted a str
Slide 13: Strategic Focus
Strategic Focus For personal use only Review has resulted in a strategic focus on: 1) Junction Dam Uranium Project 2) Melton Copper Project 3) Aurora Tank Gold Project 4) Durkin Nickel (Pundinya) Project Rationalisation Market interest (acquisition, farm-in, JV) for non-core projects to be tested
Slide 14: Uranium Market
Uranium Market For personal use only Spot U3O8 price is on the rise as: o approval given for the restart of first two reactors in Japan at Sendai o steady demand, particularly from traders, for longer dated delivery o growing demand with 71 new reactors under construction worldwide, 27 of which ar
Slide 15: Uranium Market
Uranium Market For personal use only In the New Policies Scenario of the World Energy Outlook 2014 published by the International Energy Agency on 12 November 2014: o nuclear power capacity increases by nearly 60 percent, from 392 GWe in 2013, to 624 GWe in 2040 o of the growth in nuclear generati
Slide 16: 1) Junction Dam Uranium
1) Junction Dam Uranium Project For personal use only Commodity: uranium Uranium prices starting to recover with industry cost curves forecasting commercially sustainable prices in 2-3 years Resource: Saffron deposit inferred resource of *5.4 million pounds with average grade of 557ppm U3O8 (see
Slide 17: 1) Junction Dam Uranium
1) Junction Dam Uranium Project For personal use only Commercialisation: Potential stand alone project Alternatively, located next door to Honeymoon Mine which could provide a route to market Can be extracted through in situ recovery which has low front end capex, quick production lead times a
Slide 18: 1) Junction Dam Uranium
1) Junction Dam Uranium Project For personal use only Immediate forward exploration program next 6 months: Drill and install water monitoring wells, undertake pump tests to ascertain permeability and analyse water and flow; Example of FLT Undertake lithological logging and analyse unit extractab
Slide 19: 2) Melton Copper
2) Melton Copper Project For personal use only Resource: High grade copper intersections up to 2.92% (see ASX announcement dated 7 May 2014) at Champion prospect with new target area, Melton Central, identified by the subsequent geophysical review Champion Prospect drill holes, with examples of ma
Slide 20: 2) Melton Copper
2) Melton Copper Project For personal use only Commercialisation: Located adjacent to the Rex Minerals Hillside Project Rex Minerals has a mining lease, approvals to mine and now focusing on developing a mine for its shallow copper resource Objective: Develop exploration targets for the Melton
Slide 21: 2) Melton Copper
2) Melton Copper Project For personal use only Immediate forward exploration program next 6 months: Complete ground magnetics over Melton Central Airborne EM over Champion and Central targets Magnetic image Targeted drilling on Champion and Central highlighting the geophysical targets anomalie
Slide 22: 3) Aurora Tank Gold
3) Aurora Tank Gold Project For personal use only Resource: Apollo Minerals reported initial drilling intersected high grade gold near surface including 5.0 g/t Au over 4 metres (see ASX Release by Apollo Minerals of 21 October 2014) Commercialisation: Early stage exploration but Marmota is 100%
Slide 23: 3) Aurora Tank Gold
3) Aurora Tank Gold Project For personal use only Immediate forward exploration program next 6 months: Forward work program to be driven by Apollo Minerals Apollo Minerals have indicated that they will review induced polarisation data to help with Drill chips from targeting of follow-up drill ho
Slide 24: 4) Durkin Nickel (Pundinya)
4) Durkin Nickel (Pundinya) Project For personal use only Resource: Initial drilling produced significant grades of up to 1.38% nickel. Location provides potential for a reasonable resource Commercialisation: No similar mines in region, but with a good size resource can develop as in a good logi
Slide 25: 4) Durkin Nickel (Pundinya)
4) Durkin Nickel (Pundinya) Project For personal use only Immediate forward exploration program next 6 months: Geophysics review to take into account the results from drilling Location map of drill holes over magnetic image Redrill selected holes and conduct downhole completed during Phase 1 at
Slide 26: Investment Proposition
Investment Proposition Strategy: For personal use only Reduce focus to 3 core projects with 3 core commodities to ensure maximum value from investment dollar spend Commodities: Uranium’s star is starting to turn so position key uranium asset to be at the front of the pack for commercialisation
Slide 27: Equity Raising Summary
Equity Raising Summary For personal use only Marmota announced a non renounceable Indicative Timetable1 rights issue capital raising on 7 November Prospectus Lodged with ASIC and ASX 7-Nov-14 2014 to raise up to $659,398 “Ex” Date 11-Nov-14 (approximately) before costs Record Date 13-Nov-14 1 ne
Slide 28: Focused on the Future – Contacts
For personal use only Investor Presentation Focused on the Future Contacts November 2014 David Williams – Managing Director Marmota Energy Limited Adelaide Equity Partners David Williams Rohin Muller Managing Director Telephone: (08) 8232 8800 Telephone: (08) 8245 4000 Email: rmuller@adelaideequity.