Marmota Limited · ASX:MEU
Marmota — South Australian Exploration and Mining Conference 2016
16 slides from Marmota's conference presentation, Dec 2, 2016
Slide 1: Gawler Craton Champion Copper and Aurora Tank Gold Projects
For personal use only GAWLER CRATON CHAMPION COPPER and AURORA TANK GOLD PROJECTS SOUTH AUSTRALIAN EXPLORATION AND MINING CONFERENCE ADELAIDE, 2 DECEMBER 2016 Dr Kevin Wills, Acting Managing Director SAEMC 2 DECEMBER 2016 1
Slide 2: Outline and Disclaimer
OUTLINE 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 information in this document has been derived from third parties For personal use only and though MEU h
Slide 3: Gawler Craton Gold Projects
GAWLER CRATON GOLD PROJECTS For personal use only Marmota’s tenements in the Gawler Craton, South Australia around the Challenger Gold Mine • Total area 5,700km2 • Centred on the Challenger Gold Mine • Large coverage of prospective Archean Mulgathing Complex– Christie Gneiss • Numerous gold prospect
Slide 4: Aurora Tank Prospect Drilling Results
Aurora Tank Prospect DRILLING RESULTS For personal use only • Anomalous zone originally defined by calcrete sampling in the late 1990s • Early drilling by Minotaur located isolated results up to 1m @ 1-2g/t Au • Drilling by Apollo (in JV with Marmota) in 2014-2015 achieved an intersection of 4m @ 5g
Slide 5: Aurora Tank Prospect Drilling Cross Section
Aurora Tank Prospect DRILLING CROSS SECTION For personal use only 412,350 mE 6,715,950 mN 6,715,900 mN 6,715,800 mN 412,400 mE 412,450 mE • ppb level gold NW SE results from 160mRL September 2016 64 63 62 61 60 59 T0 T0 T0 T0 T0 T0 A A A A A A 16 16 16 16 16 16 29 61 23 23 16 10 drilling 150mRL 28 2
Slide 6: Aurora Tank Prospect Follow-up Drilling
Aurora Tank Prospect FOLLOW-UP DRILLING For personal use only Planned follow-up drilling locations in December 2016 • To achieve up to 40 x 20m drill hole spacing in selected areas SAEMC 2 DECEMBER 2016 6
Slide 7: Champion Prospect
CHAMPION PROSPECT For personal use only Location and tenure of the Champion prospect. SAEMC 2 DECEMBER 2016 7
Slide 8: Discovery in March 2014
Champion Prospect DISCOVERY IN MARCH 2014 For personal use only Example of malachite logged in Phase 1 drill hole WMAC007. Section looking northeast. High grade subzones of copper intercepted highlighted by green zones. Remaining zones contain copper <0.1 %. SAEMC 2 DECEMBER 2016 8
Slide 9: Magnetics
Champion Prospect MAGNETICS For personal use only • 2014 drill results on detailed ground magnetic data • Note poor correlation between better drill intersections and magnetic highs SAEMC 2 DECEMBER 2016 9
Slide 10: Calcrete Copper
Champion Prospect CALCRETE COPPER For personal use only • Best drill results are in an overall area with surface calcrete copper anomalies • No detailed direct relationship between calcrete copper anomalies and drilling results • Calcrete copper anomalies present over shallow copper anomalous bedroc
Slide 11: Radiometrics
Champion Prospect RADIOMETRICS (c) (d) For personal use only • Partial annular radiometric response surrounds mineralisation • Possibly caused by monazite and k-feldspar in a thermal aureole to a Hiltaba Granite 2D projection of mineralisation Interpretation of partial annular radiometric anomlies A
Slide 12: Geology
Champion Prospect GEOLOGY For personal use only \ • Elements of geological model Interpreted geological elements in Figure 5: Interpreted geological elements in the vicinity of the Champion prospect. the vicinity of Champion Prospect. SAEMC 2 DECEMBER 2016 Page 10 12
Slide 13: Geological Model
Champion Prospect GEOLOGICAL MODEL For personal use only Conceptual geological model of Champion secondary and primary copper mineralisation. SAEMC 2 DECEMBER 2016 13 Figure 6: Conceptual geological model of Champion secondary and primary copper mineralisation.
Slide 14: Drilling Cross Sections
Champion Prospect DRILLING CROSS SECTIONS For personal use only Figure 9A: Sectional mineralisation estimation with grade perimeters, assays and downhole magnetics, Line A (WMAC028 and WMAC029) Figure 9C: Sectional mineralisation estimation with grade perimeters, assays and downhole magnetics, Line
Slide 15: Mineralogy
Champion Prospect MINERALOGY For personal use only • Suggestive of copper oxidation in situ Hole WMAC012, 71–73m, reflected light (x50). Example of Hole WMAC028, 46–50m, ordinary light. Scattered grains a disseminated chalcopyrite within calc silicate aggregates. of green malachite composite within
Slide 16: Exploration Target and Follow-up Drill Program
Champion Prospect EXPLORATION TARGET For personal use only and FOLLOW-UP DRILL PROGRAM Exploration Target • 1.0 to 4.0 million tonnes at a grade of 1.0 to 1.5% copper Follow-up Exploration Program • IP survey (boundary shown) • Follow-up drilling program − First Stage (orange holes); 26 holes for 16
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