Marmota Limited · ASX:MEU
Marmota — Marmota Energy — Uranium Conference (July 2013)
33 slides from Marmota's conference presentation, Jul 17, 2013
Slide 1: Uranium Conference
For personal use only MARMOTA ENERGY LIMITED Uranium Conference Daniel Gray Senior Project Geologist 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 Marmota Energy (ASX: MEU) is a diversified mineral exploration and development company For personal use only with key projects across the Cu-Ni, Cu-Au, uranium and iron spaces. Capital Structure Share Price Chart Shares 250.4 m Options 1.1 m Market Cap (at 7.5cps) A$18.8 m Cash (a
Slide 4: Multi commodity value proposition
Multi commodity value proposition Melton copper/gold • Significant copper grades intersected in drilling. Durkin copper/nickel • Results include 9m at 1.03% copper including 1m at • Extensive outcrop discovered within 5 km long 2.25% copper and 0.46 g/tonne gold intersected in coincident copper/nick
Slide 5: Marmota Uranium Projects Map
Marmota Uranium Projects Map South Australia: For personal use only Pundinya Lake Frome Junction Dam 5
Slide 6: Junction Dam Uranium Project
For personal use only Junction Dam Uranium Project 6
Slide 7: Junction Dam project overview
Junction Dam Uranium JV • Part of Marmota’s large uranium portfolio. For personal use only • Adjacent to operating ISL mine, close to Broken Hill. • JV with Teck Australia, PlatSearch, and Eaglehawk Consulting, where Marmota has earned 87.3% of the uranium rights on Junction Dam. • 5.4 million pound
Slide 8: Background - Mulyungarie Project
Junction Dam Uranium JV 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 ho
Slide 9: Gamma log trace and Mulyungarie drillhole locations
Junction Dam Uranium JV 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 B
Slide 10: For personal use only
Junction Dam Uranium JV • Extends Marmota’s footprint in best uranium For personal use only address in South Australia • 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 11: Location: Uranium One Honeymoon Mine
Junction Dam location For personal use only Uranium One Honeymoon Mine MEU 11
Slide 12: Exploration
Junction Dam Uranium JV 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 Yarramb
Slide 13: Saffron and Bridget palaeochannel visualisation
Saffron and Bridget palaeochannel visualisation (depth to resistive For personal use only basement image) Bridget Saffron Maiden Inferred Resource 13
Slide 14: Radon data
Junction Dam Uranium JV Radon data For personal use only • The element radon is the radioactive daughter product of radium decay. Radon occurs naturally as an indirect decay product of uranium or thorium. • Marmota has been developing a radon tool for use in exploration. • Radon data acquired over t
Slide 15: Phase 1 Drilling Results – Nov 2009
Junction Dam Uranium JV Phase 1 Drilling Results – Nov 2009 For personal use only • Phase 1 drilling: 20 Holes drilled at Saffron Prospect • Multiple holes returning peak grades greater than 1000 ppm eU3O8* over a 1.5 km strike length open at both ends • High grade intercepts including: ave 423 pp
Slide 16: Geology of the Saffron prospect
Junction Dam Uranium JV Geology of the Saffron prospect For personal use only • Contains Namba and Eyre Formations within the Yarramba Palaeochannel • These sediments unconformibly overlie basement rocks of the Willyama Supergroup • Main mineralisation occurs within the basal sand member of the Eyre
Slide 17: For personal use only
For personal use only Junction Dam Uranium JV 17
Slide 18: Ground based EM survey
Junction Dam Uranium JV Ground based EM survey For personal use only • Conducted first over the Saffron Target prior to Phase 2 drilling • Palaeochannel was highlighted by conductive saline groundwaters from within the channel. Matches up with the gravity data • Assisted with drill targeting for pha
Slide 19: Phase 2 Drilling Results – May 2010
Junction Dam Uranium JV Phase 2 Drilling Results – May 2010 For personal use only • 56 hole program • Multiple holes returning peak grades greater than 1000 ppm eU3O8* • PFN technology tested down 5 holes • Indicated that potentially there is a positive disequilibrium at the Saffron Prospect • Furth
Slide 20: Saffron QEMSCAN Results
Junction Dam Uranium JV For personal use only Uraninite Junction Dam – Phase 2 Coffinite Autunite Saffron QEMSCAN Results Uranium - Si intergrowths Uranium - Sulphide intergrowths Uranium - Ti oxide intergrowths Quartz Kaolinite Fe Sulphides • Direct mineralogical assessment Sphalerite Other Sulphid
Slide 21: Phase 3 Drilling Results – April 2011
Junction Dam Uranium JV Phase 3 Drilling Results – April 2011 For personal use only • 97 hole program • 86 rotary mud holes, 11 sonic drill holes • Further expansion of the Saffron prospect, first drillholes at the Bridget and Yolanda prospects Ground EM survey result over Saffron, • Multiple holes
Slide 22: High grade assay results (February 2012)
Junction Dam Uranium JV High grade assay results (February 2012) • 2011 Phase 3 drilling included 1500 metres of Sonic For personal use only drilling across Saffron and Bridget prospects. • Critical for statistically appropriate sample return. • High grade results from assay up to 8142 ppm U3O8 from
Slide 23: Phase 4 Drilling Results – April 2012
Junction Dam Uranium JV Phase 4 Drilling Results – April 2012 • 60 hole program For personal use only • Saffron deposit footprint increases to approximately eight times the size of the nearby Honeymoon uranium deposit area. • Campaign results also confirm contiguous grade continuity with adjoining B
Slide 24: Increase in Saffron deposit area footprint
Junction Dam Uranium JV Increase in Saffron deposit area footprint For personal use only Additional zone of mineralisation intercepted from 2012 drilling 24
Slide 25: Saffron QEMSCAN Results of sonic core samples
Junction Dam Uranium JV Saffron QEMSCAN Results of For personal use only sonic core samples • 2 samples from sonic cored drill holes analysed • Uraninite and autinite re-confirmed as the uranium minerals at Saffron • Comparable to first samples taken in a different area of the Saffron deposit • The
Slide 26: Retention Lease Works – Saffron Deposit
For personal use only Junction Dam Uranium JV Retention Lease Works – Saffron Deposit • Process required to meet regulatory approval to undertake field leach trials. • RL works will include baseline investigations of: · Flora and fauna · Groundwater conditions, including aquifer conditions (quality,
Slide 27: Pundinya Uranium Project
For personal use only Pundinya Uranium Project 27
Slide 28: Pundinya uranium prospect
Pundinya uranium prospect • Further expansion of Marmota’s South Australian uranium project interests with the acquisition of the For personal use only Pundinya uranium project. • Grades of up to 3200 ppm U3O8 have been returned from assay in drillholes completed on the project. • Significant expans
Slide 29: Pundinya uranium prospect
Pundinya uranium prospect 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 th
Slide 30: Pundinya uranium prospect
Pundinya uranium prospect Pundinya Uranium Project For personal use only In 2013, 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. •
Slide 31: Summary
For personal use only Summary Marmota Energy is an innovative and diversified mineral exploration company strongly 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 32: Indicative drill program time line
Indicative drill program time line • Innovative, robust and successful exploration methodology For personal use only • Undertake retention lease process for the Saffron uranium deposit at Junction Dam • Bulk sampling drilling for extractability testing at Junction Dam • Ground surveys at Pundinya ur
Slide 33: 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