Slide 1: AGM 2018 Chairman's Presentation
For personal use only AGM 2018 Chairman’s Presentation ASX: MEU 14 November 2018
Slide 2: Corporate Snapshot
Corporate Snapshot ASX: MEU For personal use only Capital Structure Largest Shareholders Shares on issue 653 m Options 0 Dr Colin Rose Unlisted options 31 m Southern Cross Capital Market Cap (at 1.8 cents per share) ~ $11.7 m J Rose Cash (as at 30 Sept 2018) $ 1,136,000 Yandal Investments (Mark Crea
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: First visible gold 1 Diamond, 2 RC, 1 AC (March) Total: Over 10km of drilling CAR: Outstanding 20 out of 23 holes gold intersections intersect gold mineralisation 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 (Sept 2016)
Aurora Tank How it was … Sept 2016 For personal use only 6
Slide 7: Aurora Tank a year later (Sept 2017)
Aurora Tank 1 year later… For personal use only Sept 2017 7
Slide 8: Aurora Tank: And today (Nov 2018)
Aurora Tank And today … For personal use only Nov 2018 8
Slide 9: Gold Discovery at Aurora Tank 100% owned
GOLD DISCOVERY at Aurora Tank 100% owned • Aurora Tank is situated 50km NE of the Challenger gold mine • In September 2016, Marmota commenced its first drilling program at Aurora Tank For personal use only • More than 178 intersections greater than 1g/t gold, all close to the surface, including: 9
Slide 10: Aurora Tank First Visible Gold
For personal use only Aurora Tank First visible Gold March 2018 From Diamond Core 10
Slide 11: For personal use only
For personal use only 11
Slide 12: Aurora Tank Gold: New zone of gold mineralisation?
Aurora Tank Gold For personal use only New zone of gold mineralisation ? Sept drilling: Single drill hole at AT102: Discovery of gold anomalism approximately 500m to the north of the Goshawk zone of mineralisation Goshawk zone (gold discovery) 12
Slide 13: 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 Gold Recoveries (in %) vs Leach times in hours (for the 3 test samples) 13
Slide 14: Gawler Craton Gold Exploration
Aurora Tank For personal use only Gawler Craton Gawler Craton Gold Exploration AGM UPDATE
Slide 15: Just warming up …
Just warming up … For personal use only • Marmota’s tenements are significantly underexplored = more potential (not old ground that has already been overworked): see next diagram • Woomera prohibited area: desirable area of exploration focus 1 • Highly prospective geology o Significantly underdrille
Slide 16: 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 17: MEU Tenements around Challenger
MEU Tenements around Challenger For personal use only
Slide 18: MEU Gawler Craton Portfolio expanded
MEU Gawler Craton Portfolio expanded For personal use only July 2015 Nov 2018
Slide 19: MEU, Challenger and Neighbours
MEU, Challenger and Neighbours For personal use only
Slide 20: What's Next?
Aurora Tank For personal use only Gawler Craton What’s Next? AGM UPDATE
Slide 21: 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 Exploration Director … on the Board, both of whom have years and years of invaluable technical experience to advan
Slide 22: Uranium – Coming back …
For personal use only Uranium – Coming back … AGM UPDATE
Slide 23: Marmota Uranium JORC Resource
Marmota Uranium JORC Resource Marmota is particularly well-placed For personal use only for any upturn in the uranium sector, with: • Existing uranium JORC Resource that the Company spent millions of dollars to develop in prior years, and • Located adjacent to one of only 4 permitted mines in Austra
Slide 24: Marmota Uranium JORC Resource
Marmota For personal use only Uranium JORC Resource Marmota has: • JORC Inferred Resource of 5.4 million pounds U3O8 with average grade of 557ppm U3O8 [ ASX:MEU 18 July 2013 ] • Overall Exploration Target* of 22–33 million pounds U3O8 • Grades of up to 8143ppm U3O8 at the Saffron deposit Board is wa
Slide 25: Uranium prices
Uranium prices • The uranium price has been rising For personal use only • Sentiment appears to be returning to the sector • Uranium prices have increased by about 35% to around US$28.50 per pound (A$39 per pound) in the last 6 months Uranium Spot price: Six month Uranium Spot Price: Longer term 25
Slide 26: Disclaimer
Disclaimer Disclaimer This presentation has been prepared by Marmota Limited (“MEU”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain For personal use only information in this document has been derived from third parties and though ME