Marmota Limited · ASX:MEU
Marmota — Marmota Energy — Mining 2012 Conference
38 slides from Marmota's conference presentation, Oct 31, 2012
Slide 1: Marmota Energy Limited – Mining 2012 Conference
For personal use only MARMOTA ENERGY LIMITED Mining 2012 Conference October 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 For personal use only Shares 228 m mineral exploration and development company with key projects across the uranium, copper, gold Market Cap (at 30 Sept 2012) A$20m and iron ore spaces. Cash (at 30 Sept 2012) A$4.2 m B
Slide 4: Multi commodity value proposition
Multi commodity value proposition Melton copper/gold Durkin copper/nickel • Significant copper grades intersected in drilling. • Extensive outcrop discovered within 5 km long • Results include 9m at 1.03% copper including 1m at coincident copper/nickel-in-calcrete anomaly and 2.25% copper and 0.46 g
Slide 5: Today's presentation
For personal use only Today’s presentation South Australia: Uranium Copper, Gold Iron ore United States: Angel Wing JV 5
Slide 6: Durkin Copper/Nickel Project
For personal use only Durkin Copper/Nickel Project 6
Slide 7: Durkin copper/nickel prospect
Durkin copper/nickel prospect • 100% owned by MEU For personal use only • Durkin copper/nickel prospect located on the Pundinya Tenement • Potential new nickel province in South Australia • A zone of strong coincident Ni and Cu in calcrete has been defined on the project from calcrete sampling progr
Slide 8: Durkin copper/nickel prospect
Durkin copper/nickel prospect Copper in calcrete anomaly Nickel in calcrete anomaly For personal use only 8
Slide 9: Durkin copper/nickel prospect
For personal use only Durkin copper/nickel prospect Large scale outcrop at Durkin currently being sampled. 9
Slide 10: Durkin copper/nickel prospect
Durkin copper/nickel prospect Visible mineralisation in surface samples For personal use only Interpreted nickel mineralisation in surface sample. Niton XRF spot reading indicates anomalous nickel, cobalt and chromium. Examples of interpreted copper mineralisation in surface samples. Niton XRF spot
Slide 11: Indooroopilly Project
For personal use only Indooroopilly Project 11
Slide 12: Indooroopilly copper-gold project
For personal use only Indooroopilly copper-gold project • A number of ready to drill targets have been identified on the project with strong coincident geochemical and geophysical anomalism for copper Indooroopilly project, EL 4702 and gold. • The Moonbi target has been identified as the highest pri
Slide 13: Indooroopilly copper-gold project
Indooroopilly copper-gold project Drill ready targets have been identified on the For personal use only project with strong coincident geochemical and geophysical anomalism particularly for copper and gold. CAMEL TARGET CAMEL TARGET Moonbi target, strong gold and copper in calcrete anomalism (left)
Slide 14: Aurora Tank Project
For personal use only Aurora Tank Project 14
Slide 15: Aurora Tank Gold Project
For personal use only Aurora Tank Gold Project • 100% owned by MEU • ‘Aurora Tank’ is located northeast of Kingsgate’s Challenger Gold Mine. • Good potential for Archaean ‘Challenger’ style gold mineralisation and covers a prominent magnetic anomaly interpreted as banded iron formation within the Ch
Slide 16: Gawler Craton proposed drilling
Gawler Craton proposed drilling Contiguous drilling program planned for Gawler Craton cluster of Ni, Au and Cu projects For personal use only RC drilling program planned with consecutive drilling targets on closely located tenements in the Gawler Craton Anomolous nickel and copper in calcrete up to
Slide 17: Melton Copper-Gold Projects
For personal use only Melton Copper-Gold Projects 17
Slide 18: Melton Copper-Gold Projects
For personal use only Melton Copper-Gold Projects • Significant copper grades intersected in drilling at the Melton copper-gold project on South Australia’s Yorke Peninsula. • Results include 9 metres at 1.03% copper including 1 metre at 2.25% copper and 0.46 g/tonne gold intersected in drill hole M
Slide 19: Melton Copper-Gold Projects
Melton Copper-Gold Projects • Miranda prospect is up to 3 km in length. For personal use only • Eight drill holes have been completed at Miranda. • Drill holes intersected observable sulphide mineralisation (pyrite and chalcopyrite). • The Miranda target is interpreted to be analogous to three other
Slide 20: Melton Copper-Gold Projects
For personal use only Melton Copper-Gold Projects Miranda Cu prospect 2011 drilling Miranda Target – Large magnetic body extending to Depth Interpreted low grade zone Interpreted high grade zone Miranda target Phase 1 and 2 assay results schematic. Miranda total magnetic intensity image with drill h
Slide 21: Significant results from Phase 1 and 2 drilling of the Miranda prospect
Significant results from Phase 1 and 2 of drilling of the Miranda prospect Hole East North From m Interval m Cu % Au g/t Ag g/t MIRDD01 (Phase 773860 6219295 451 21 0.11 1.02 For personal use only 1) MIRDD04 (Phase 773835 6219245 432 4 0.15 1 1) 463 4 0.13 0.9 487 3 0.26 3.56 MIRDD05 (Phase 773832 6
Slide 22: Melton Copper-Gold Projects: 2012 calcrete sampling results
Melton Copper-Gold Projects 2012 calcrete sampling results • 3.8 km long coincident copper/gold-in-calcrete anomaly and magnetic target on West Melton (Area For personal use only A). • Anomalous copper-in-calcrete also defined along the Pine Point Fault immediately north of Rex Minerals White Cliffs
Slide 23: Melton Copper-Gold Projects: Forward Plan
For personal use only Melton Copper-Gold Projects Forward Plan • Infill sampling at Areas A and B is planned at the copper anomalies to better define key zones of coincident copper and gold. • Planning is underway to extend the survey south of Area A to cover the remainder of the geophysical anomaly
Slide 24: Nevada Gold Projects
For personal use only Nevada Gold Projects Angel Wing • Marmota Energy in strategic partnership with high grade gold producer Ramelius Resources Limited (ASX: RMS) for gold project generation in the gold fields of Nevada. • The latest results, from the 2012 drilling program returned consistent gold
Slide 25: Nevada Gold Projects
Nevada Gold Projects • Encouraging assay results up to 3m @ 25.2g/t Au + 89.2g/t Ag. For personal use only • Ramelius’ 1m rock chip samples returned assays up to 57.7g/t Au with coincident elevated silver values (up to 232ppm Ag). • The results of the 2011 drilling more than doubled the strike lengt
Slide 26: Nevada Gold Projects: 2012 drilling results
Nevada Gold Projects 2012 drilling results For personal use only Grass Hollow • All holes intersected gold at grades above intrusive pipe 0.343 g/t Au with the best intercept returning 14.15 g/t Au. • Gold intercepts are also complemented by large intercepts of silver with drillhole AW12-05 returnin
Slide 27: Western Spur Iron Project
For personal use only Western Spur Iron Project 27
Slide 28: Western Spur Iron Project
Western Spur Iron Project • Good road access For personal use only • Rail infrastructure nearby • Gas fields to the north, coal mine to the south. Rail line to coast 28
Slide 29: Western Spur Iron Project
Western Spur Iron Project PROSPECTIVITY Marmota sample location 1981 WMC drillhole location • Iron outcrop 4 extends for For personal use only approximately 3 km. • Drill hole logs which define intervals of iron mineralisation intercepted by a number of holes completed by WMC in 1981. • The logs sho
Slide 30: Western Spur Iron Project: Iron exploration target assessment
Western Spur Iron Project IRON EXPLORATION TARGET ASSESSMENT • Independent assessment of exploration results completed by Marmota during 2011 For personal use only and previously by other exploration organisations including Western Mining Corp. • Preliminary exploration target of 60 – 125 million to
Slide 31: Junction Dam Uranium Project
For personal use only Junction Dam Uranium Project 31
Slide 32: Junction Dam Uranium JV
Junction Dam Uranium JV • High grades from assay of up to 8142 ppm U3O8 , uranium deposit defined with significant expansion potential along a 15 km strike length. For personal use only • Adjacent to operating ISL mine, close to Broken Hill. • Strong positive disequilibrium factor ranging up to 2.2
Slide 33: Junction Dam location
Junction Dam location For personal use only Uranium One Honeymoon Mine MEU 33
Slide 34: Junction Dam Uranium JV: Maiden Inferred Resource
Junction Dam Uranium JV 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) with strong positive disequilibrium Saffron Inferred • Two mineralised sand layers of the Eyre Formation
Slide 35: Junction Dam Uranium JV: 2012 drilling results
Junction Dam Uranium JV 2012 drilling results Grade contour map from For personal use only • Saffron deposit footprint increases to approximately eight drill hole intercepts times the size of the nearby Honeymoon uranium deposit area. • Campaign results also confirm contiguous grade continuity with
Slide 36: Junction Dam Uranium JV: Retention Lease Works
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 37: Indicative drill program time line
Indicative drill program time line • Multipurpose drill rig being sought For personal use only • Plan for contiguous drilling program planned to test targets across: • Durkin copper/nickel prospect • Indooroopilly copper and gold project • Aurora Tank gold project • Melton copper-gold project • Unde
Slide 38: 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