Marmota Limited · ASX:MEU
Marmota — Marmota Energy — SA Exploration and Mining Conference 2011
22 slides from Marmota's conference presentation, Dec 2, 2011
Slide 1: Marmota Energy – SA Exploration and Mining Conference
MARMOTA ENERGY For personal use only LIMITED SA Exploration and Mining Conference December 2011 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 21 Nov 2011) A$11 m spaces. Cash (at 30 Sept 2011) A$4.7 m B
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: Today's Presentation: Junction Dam Uranium
For personal use only Today's Presentation Junction Dam Uranium 5
Slide 6: 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: Mulyungarie gamma log and drillhole locations
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: 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: Location: Honeymoon Mine
Junction Dam location For personal use only Honeymoon Mine 9
Slide 10: 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: 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 12: Phase 2 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 13: Phase Drilling Results continued
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 14: 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 15: Ground TEM surveys
Junction Dam – Ground TEM surveys • TEM methods work well at Junction Dam for For personal use only the delineation of palaeochannels at sites where there is a measureable vertical electrical resistivity contrast between channel deposits and underlying bedrock, such as where a palaeochannel is incis
Slide 16: Saffron and Bridget palaeochannel visualisation
Saffron and Bridget palaeochannel visualisation (depth to resistive For personal use only basement image) Bridget Saffron Maiden Inferred Resource 16
Slide 17: 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 18: 2011 Phase 3 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 open north and south. uranium mineralisation interc
Slide 19: Sonic drilling
Sonic drilling Below. Sonic drill rig at Junction Dam • 2011 Phase 3 drilling included 1500 metres of Sonic drilling across Saffron For personal use only and Bridget prospects. • Critical for statistically appropriate sample return. • Excellent sample quality with 100% recovery of critical mineralis
Slide 20: Maiden Inferred Resource for Saffron
Maiden Inferred Resource for Saffron For personal use only • 4.36 million tonnes of mineralisation* • Estimated to contain some 1,510 tonnes of U3O8 (3.33 million pounds) Saffron Inferred resource • Two mineralised sand layers of the Eyre New zones of uranium Formation (basal and upper) intersected
Slide 21: 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 22: Marmota Energy Limited – ASX: MEU
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
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