Marmota Limited · ASX:MEU
Marmota — Marmota Energy — Shareholder Meeting (November 2010)
32 slides from Marmota's shareholder meeting presentation, Nov 19, 2010
Slide 1: Marmota Energy Limited Annual General Meeting 2010
For personal use only MARMOTA ENERGY LIMITED Annual General Meeting 2010 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
For personal use only Corporate Information Stock Code ASX: MEU Shares 150 m Market Cap (at 17 November 2010) A$12.7 m Cash (at 30 September 2010) A$ 8 8.1 1m Brief Corporate History • Listed on the ASX November 2007 from Monax exploration uranium assets • 2008 – 9 Improved exploration licence posit
Slide 4: For personal use only
For personal use only • Access to 10,000 km2 • Ground with listed uranium and gold occurrences • Projects strategically located in established mineral domains, close to mine infrastructure
Slide 5: South Australian Project Pipeline
South Australian Project Pipeline S t b 2010 September For personal use only Three Marmota Energy projects acknowledged k l d d and d lilisted t d by b the th SA Government: • Mulyungarie • Junction Dam • Pundinya Further work planned to progress the listed Marmota projects up the triangle over the
Slide 6: Today's Presentation
For personal use only Today's Presentation South Australia: Uranium Copper United States: Big Blue JV Angel Wing JV
Slide 7: Mulyungarie – Junction Dam Project
Mulyungarie – Junction Dam Project For personal use only • Exciting uranium address in South Australia • Strategically located nearby to existing mine infrastructure, approximately 50 Km from Broken Hill. • Early 2009, first phase drilling was completed by Marmota intersecting multiple occurrences o
Slide 8: Mulyungarie gamma log and drillhole locations
For personal use only MARMOTA ENERGY GAMMA LOG TRACE FROM DRILL HOLE MURM0124 Roll front uranium schematic model cross section overlain by downhole gamma trace from drill hole MURM0124. (Adapted from published sources) Mulyungarie drillhole locations with eU3O8* grades over Bouguer gravity image. *E
Slide 9: Junction Dam Uranium JV
Junction Dam Uranium JV • Extends our footprint in best uranium address in For personal use only South Australia • JV with Teck Australia, PlatSearch, and Eaglehawk Consulting, where Marmota is set to earn 75.5% of the uranium rights on Junction Dam • Junction Dam covers the eastern extension of the
Slide 10: 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 11: Junction Dam Phase Drilling Results
For personal use only Junction Dam Phase 1 Drilling Results • Phase 1 drilling: g 20 Holes drilled • Multiple holes returning peak grades greater than 1000 ppm eU3O8* over a 1 5 km strike length open at both ends 1.5 • Outstanding high grade intercepts including: ave 2011 ppm with peak grade of 7,
Slide 12: High resolution TEM completed over target
High resolution TEM completed over target For personal use only New data defined potential extensions to the high grade target zones where drilling has previously confirmed mineralisation.
Slide 13: Junction Dam Phase Drilling Results
Junction Dam Phase 2 Drilling Results • Phase 2 drilling: completed For personal use only • 60 hole program • 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 nor
Slide 14: 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 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 15: Saffron QEMSCAN Results
For personal use only Uraninite Junction Dam – Coffinite Autunite Saffron QEMSCAN Results Uranium - Si intergrowths Uranium - Sulphide intergrowths Uranium - Ti oxide intergrowths Quartz Kaolinite Fe Sulphides • Direct mineralogical assessment Sphalerite Other Sulphides Ti Oxides & Ti Silicate inter
Slide 16: Junction Dam – Honeymoon scale comparison
Junction Dam – Honeymoon scale comparison Marmota phase 1 and 2 drill holes (purple) For personal use only Saffron target area Honeymoon development
Slide 17: Junction Dam proposed forward plan
Junction Dam proposed forward plan Timing Action For personal use only May ‐ September 2010 Phase 2 drilling October 2010 – March 2011 • Undertake QEMSCAN analysis of selected samples. samples • Commence acquisition of ground EM data over Bridget prospect • Assessment of results, determine suitabili
Slide 18: Lake Frome Uranium Projects
For personal use only Lake Frome Uranium Projects • Marmota Energygy Limited has a significant g tenement footprint in the best uranium address in South Australia. • 100% owned byy Marmota • Tenements with listed precious, base metal and uranium occurrences. • Confirmed Namba and Eyre Formation sedi
Slide 19: Lake Frome Uranium Projects
For personal use only Lake Frome Uranium Projects Lake Coonee (EL 4252)
Slide 20: Lake Coonee (EL 4252)
Lake Coonee (EL 4252) For personal use only Historic drill hole locations over Bouguer ggravityy image. g • 100% owned d by b Marmota M t • Project contains the same sediments which host the nearby Beverley uranium mine. • Previous Pre io s e exploration ploration on the project project, cond conduc
Slide 21: Lake Frome Uranium Projects
Lake Frome Uranium Projects For personal use only • Marmota Energy Limited has a significant tenement footprint with a region displaying a strong uranium radiometric signature. • The region has a high uranium radiometric signature on average higher than any where signature, else in SA. • 100 % owned
Slide 22: 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 23: Pundinya Uranium Project
For personal use only Pundinya Uranium Project In 2011, application of the same exploration methodology successfully used at Junction Dam. Dam Proposed exploration program to include: • Biovegetation, Biovegetation soil and calcrete sampling. sampling • Ground radon surveys. • High resolution gravit
Slide 24: Uranium Fundamentals
Uranium Fundamentals Uranium Supply Crunch For personal use only • The uranium market has been in deficit for several years, living off the stockpiles of the Cold War. The world is consuming more than th is i produced. d d • Looking out to 2018, potentially 400 million pounds short globally. globall
Slide 25: Melton Copper-Gold Project
Melton Copper‐Gold Project For personal use only • Early 2010 Marmota Energy Limited completed maiden drill program testing the first three large scale targets at Melton. • Seven drill holes completed. • Four drill holes intercepting minor copper mineralisation. Two drill holes in the southern end o
Slide 26: For personal use only
For personal use only • Miranda target consists of a large gravity anomaly with corresponding magnetic anomaly. • Miranda target is up to 4 km in length. • Four drill holes were completed at Miranda testing both the coincident magnetic and gravity anomaly, and one testing only the gravity. • Drill h
Slide 27: Miranda drill hole schematics
For personal use only Miranda drill hole schematic zoom into copper zones. Miranda drill hole schematic from surface.
Slide 28: For personal use only
For personal use only • Structural observations made from drill core indicate shallowing of mineralised zones to the west. • Down hole geophysics is planned for MIRDD01 and MIRDD04 to try and map the zones of mineralisation. • Phase 2 drill testing planned for early 2011. Example of copper mineralis
Slide 29: Melton EL and adjoining new ELA
For personal use only Marmota Energy Melton EL and adjoining new ELA. • New ELA 100% owned by Marmota. • New ELA covers continuation of large g scale anomaly. • Increase in strategic tenement holding in this highly g y prospective p p region. g
Slide 30: Nevada Gold Projects
Nevada Gold Projects • Marmota Energy in strategic partnership with high grade For personal use only gold producer Ramelius Resources Limited (ASX: RMS) for gold project generation in the gold fields of Nevada. • Marmota a ota hasas tthee right g t to earn ea 40% 0% of o any a y interest te est in a
Slide 31: Summary
MARMOTA ENERGY LIMITED SUMMARY For personal use only • Junction Dam Resource definition priority ‐ data to be assessed for suitability to commence calculation of inferred resource. resource Further drilling planned in 2011 to increase the size of Saffron and test new target areas. • Maintaining
Slide 32: 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