Marmota Limited · ASX:MEU
Marmota — Marmota Energy — Australian Uranium Conference 2012
31 slides from Marmota's conference presentation, Jul 18, 2012
Slide 1: Uranium Projects - Australian Uranium Conference
MARMOTA ENERGY LIMITED For personal use only Uranium Projects Australian Uranium Conference July 2012 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 judgement and analysis and are subject to significant uncertainties, risks and contingencies, many of which are outside of the control of, an
Slide 3: Corporate Snapshot
Corporate Snapshot Stock Code ASX: MEU Marmota Energy (ASX: MEU) is a diversified mineral For personal use only Shares 150 m exploration and development company with key projects across the uranium, copper, gold and iron ore Market Cap (at 31 March 2012) A$10 m spaces. Cash (at 31 March 2012) A$3.2
Slide 4: Marmota Energy Australia projects
Marmota Energy Australia projects For personal use only Rudall East Western Spur Frome Region Pundinya Junction Dam Melton Cu-Au 4
Slide 5: South Australia uranium projects
For personal use only South Australia uranium projects Junction Dam Pundinya Lake Frome region 5
Slide 6: Junction Dam background - Mulyungarie Project
Junction Dam background - Mulyungarie Project For personal use only Early 2009, first phase drilling was completed by Marmota intersecting multiple occurrences of uranium on the Mulyungarie project nearby to the Honeymoon uranium mine o Anomalous gamma readings in 18 drill holes o Six holes return s
Slide 7: Gamma log trace from drill hole MURM0124
MARMOTA ENERGY GAMMA LOG For personal use only 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 8: Junction Dam Uranium JV
Junction Dam Uranium JV • Extends Marmota’s footprint in best uranium address in South Australia For personal use only • Junction Dam covers the eastern extension of the Yarramba Palaeochannel, which hosts the nearby Honeymoon uranium mine • JV with Teck Australia, PlatSearch, and Eaglehawk Consulti
Slide 9: Junction Dam location
Junction Dam location For personal use only Uranium One Honeymoon Mine MEU 9
Slide 10: Junction Dam Exploration
Junction Dam Exploration • Exploration program was launched in mid For personal use only 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: Saffron and Bridget palaeochannel visualisation
Saffron and Bridget palaeochannel visualisation (depth to resistive For personal use only basement image) Bridget Saffron Maiden Inferred Resource 11
Slide 12: Radon data
Radon data • The element radon is the radioactive daughter product of radium decay. Both For personal use only radium and radon are progeny of uranium decay. • Marmota has been developing a radon tool for use in exploration. • Radon data acquired over target areas at Junction Dam. • Radon is potenti
Slide 13: Junction Dam Phase Drilling Results
For personal use only Junction Dam Phase 1 Drilling Results • Phase 1 drilling: 20 Holes drilled • Multiple holes returning peak grades greater than 1000 ppm eU3O8* over a 1.5 km strike length open at both ends • Outstanding high grade intercepts including: *Equivalent grades (eU3O8) from ave 2011
Slide 14: Junction Dam Phase 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 15: 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 JDRM0111 484800 6488818 124.8 0.8 588.237 1152 0.047 For personal use only JDRM0114 485000 6488530 124.07 3.15 174.
Slide 16: Saffron QEMSCAN Results
g Uraninite Coffinite Autunite Uranium - Si intergrowths Uranium - Sulphide intergrowths Junction Dam – Uranium - Ti oxide intergrowths For personal use only Quartz Saffron QEMSCAN Results Kaolinite Fe Sulphides Sphalerite Other Sulphides Ti Oxides & Ti Silicate intergrowths Fe Oxides • Direct miner
Slide 17: Junction Dam - 2011 Phase drilling
Junction Dam – 2011 Phase 3 drilling For personal use only • Mineralisation confirmed from broad spaced drilling at the Bridget and Yolanda prospects immediately adjacent to Saffron. • Uranium mineralisation confirmed along New zones of 15km strike on Junction Dam open north uranium and south. miner
Slide 18: Maiden Inferred Resource for Saffron
Maiden Inferred Resource for For personal use only Saffron (November 2011) • 4.36 million tonnes of mineralisation* Saffron Inferred resource • Estimated to contain some 1,510 tonnes of New zones of U3O8 (3.33 million pounds) uranium mineralisation intercepted in • Two mineralised sand layers of the
Slide 19: High grade assay results (February 2012)
High grade assay results (February 2012) • 2011 Phase 3 drilling included 1500 metres of Sonic drilling across Saffron and Bridget prospects. For personal use only • Critical for statistically appropriate sample return. • High grade results from assay up to 8142 ppm U3O8 from sonic cored holes drill
Slide 20: 2012 drilling results
2012 drilling results • Saffron deposit footprint increases to approximately eight times the size of the nearby Honeymoon uranium deposit area. For personal use only • Campaign results also confirm contiguous grade continuity with adjoining Bridget deposit on Saffron’s northern boundary, for a total
Slide 21: Increase in Saffron deposit area footprint
Increase in Saffron deposit area footprint Additional zone of mineralisation For personal use only intercepted from 2012 drilling 21
Slide 22: Retention Lease Works - Saffron Deposit
Retention Lease Works – Saffron Deposit • Process required to meet regulatory approval to undertake field leach trials. For personal use only • RL works will include baseline investigations of: · Flora and fauna · Groundwater conditions, including aquifer conditions (quality, flow direction, modelli
Slide 23: Junction Dam first stage development strategy
Junction Dam first stage development strategy • South Australia, well established regulatory regime for uranium mining For personal use only • Marmota has a robust and successful exploration methodology offering rapid growth of the resource base at Junction Dam • Marmota is focused on a path to ISL
Slide 24: Pundinya Uranium Project
For personal use only Pundinya Uranium Project 24
Slide 25: Pundinya Uranium Project
Pundinya Uranium Project • Further expansion of Marmota’s South Australian uranium project interests with the acquisition of the For personal use only Pundinya uranium project. • Exciting grades of up to 3200 ppm U3O8 have been returned from assay in drillholes completed on the project. • Significan
Slide 26: Pundinya Uranium Project
GRADE Hole No East North From To Thickness U3O8 Pundinya Uranium Project For personal use only THICKNESS 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 27: Pundinya Uranium Project
Pundinya Uranium Project For personal use only In 2012, 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 28: Rudall East Uranium Project
Rudall East Uranium Project Rudall East uranium JV with For personal use only Teck Second agreement with Teck Australia Pty Ltd to explore for uranium expanding from SA into the Rudall East uranium project in WA. Rudall East covers the eastern extension of the Patterson Orogen which hosts the nearby
Slide 29: Rudall East project prospectivity
On the project: • Comprehensive suite of pre‐competitive data supplied by the government provides a valuable ‘head‐start’ to exploration. • AEM survey has delineated buried palaeochannels and unconformity contacts, both of which are For personal use only important for uranium targeting in the projec
Slide 30: Summary
Summary Marmota Energy is an innovative and diversified mineral exploration company strongly For personal use only valuing social licence to operate. Our robust and successful exploration methodology offering rapid discovery and growth across Marmota’s strong uranium portfolio. Marmota is well posit
Slide 31: 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