Marmota Limited · ASX:MEU
Marmota — Shareholder Meeting (November 2020)
32 slides from Marmota's shareholder meeting presentation, Nov 25, 2020
Slide 1: AGM 2020 Chairman's Presentation
For personal use only AGM 2020 Chairman’s Presentation ASX: MEU 25 November 2020
Slide 2: Corporate Snapshot
Corporate Snapshot ASX: MEU For personal use only Capital Structure Largest Shareholders Shares on issue 969 m Options 0 Unlisted options (most at 10c per share) ~ 75 m Dr Colin Rose Southern Cross Capital J Rose Market Cap (at 4.2 cents per share) ~ $ 40 m Cosell Pty Ltd Gregory Plummer Cash (as at
Slide 3: Share Price
Share Price ASX: MEU March 2020: 1 year MEU Share Price COVID market disarray For personal use only July 2020: New camp 4 Nov 2020: 21 May 2020: Best ever 4m Tests show gold is intersections 27 Feb 2020: predominantly primary 8 April 2020: NW flank 1m assays yield gold outstanding over 70g/t interse
Slide 4: Comparing to Last Year's AGM
Share Price ASX: MEU Comparing to Last Year’s AGM For personal use only 2019 AGM 2020 AGM Number of Shareholders 2,217 2,763 on Register A big welcome to more than 500 new MEU shareholders Cash in Bank (at 30 Sept) $ 960,000 $ 7.9 million Share price (at AGM) 2.4 cents 4.2 cents Share price (year hi
Slide 5: Aurora Tank Gold Discovery
Aurora Tank For personal use only Gawler Craton Aurora Tank Gold Discovery AGM UPDATE
Slide 6: MEU Gold Tenements
MEU Gold Tenements For personal use only Aurora Tank is located about 100km SW of Coober Pedy, and 50 km NE of the Challenger Gold mine 6
Slide 7: Exploration Summary
Exploration Summary For personal use only ! 4m @ 70g/t (from 64m downhole): – best ever gold intersections over 4m [ ASX:MEU 4 Nov 2020 ] ! New high-grade extensions identified: – to the North (and open) – at depth ! New NW flank: tripled in length ! High-grade gold intersected for first time at dep
Slide 8: New NW Flank
For personal use only 10 Flank New NW 8
Slide 9: New NW Flank
New NW Flank Since last AGM: New extensional drilling along the NW flank has: For personal use only • TRIPLED the length of the NW flank, and • yielded multiple new high-grade intersections including: 4m at 70 g/t gold from 64m – Hole 20AT324 4m at 25 g/t gold from 52m – Hole 20AT224 3m at 29 g/t go
Slide 10: Schematic Long-section through new NW flank
For personal use only Schematic Long-section through new NW flank 10
Slide 11: Aurora Tank: Outstanding Intersections
Aurora Tank: Outstanding Intersections For personal use only All close to surface 11
Slide 12: Primary Mineralisation
Primary Mineralisation Tests of gold Close to Amenable to For personal use only grains (105 g/t) collected at 38m downhole on the NW flank surface low-cost open- are predominantly PRIMARY pit methods mineralisation. ASX:MEU 21 May 2020 Primary gold grains sampled from Hole 104 (with fine-grained sul
Slide 13: Aurora Tank Metallurgy
Aurora Tank For personal use only Gawler Craton AURORA TANK Metallurgy ASX: MEU 13
Slide 14: Bottle-roll tests: Excellent Gold Recoveries
For personal use only Bottle-roll tests Aurora Tank Excellent Gold Recoveries Gold Recoveries (in %) vs Leach times in hours (for the 3 test samples) 14
Slide 15: Metallurgy Summary
Summary Metallurgy For personal use only Excellent Column Leach Test Results Low-cost Low-capex Heap Leach Pathway 15
Slide 16: Metallurgy: Low-cost Low-capex Heap Leach Pathway
Metallurgy: Low-cost Low-capex Heap Leach Pathway Column leach tests yield excellent gold recoveries For personal use only 16
Slide 17: Low-cost Low-capex Heap Leach Pathway
Low-cost Low-capex Heap Leach Pathway For personal use only “ Marmota has been investigating the optimal pathway to production at Aurora Tank. The excellent column leach test gold recoveries suggest that Aurora Tank is amenable to low-cost low-capex heap leach techniques. A heap leach means that Mar
Slide 18: Marmota as a company is evolving
Marmota as a company is evolving … Transitioning from: For personal use only Discovery Production To expedite the process, Marmota is progressing in parallel: Drilling Extensions to NW flank, to NE, to E, and to depth (July/Aug 2020); following primary mineralisation; and selected in-fill drilling t
Slide 19: Semi-permanent camp arrives at Aurora Tank
Semi-permanent camp arrives by road train For personal use only at Aurora Tank July 2020 19
Slide 20: Camp – installed and operating superbly
Camp – installed and operating superbly For personal use only 20
Slide 21: Aurora Tank Camp – new flyby drone footage
Aurora Tank Camp – new flyby drone footage For personal use only New drone footage of camp: https://www.youtube.com/watch?v=IQ2SuJVt7T8 The new camp has already transformed our operational capability at Aurora Tank 21
Slide 22: What's Next?
Aurora Tank For personal use only Gawler Craton What’s Next? AGM UPDATE
Slide 23: What's Next
What’s Next For personal use only “ While the year might be coming to an end … our busiest period is just about to begin. ” Dec 2020: camp at full capacity! 23
Slide 24: December at Aurora Tank
DECEMBER at Aurora Tank About to commence 1. 2 x 20,000L water tanks arriving for camp For personal use only 2. Aurora Tank Ecological study – for Mining Lease application (Fauna, flora, birds) – ecology team arriving in 4 days 3. Water bore Drilling team + drill rig arriving: – drilling for water!
Slide 25: Key Takeaways Aurora Tank
Key Takeaways Aurora Tank For personal use only Gawler Craton Aurora Tank is very fortunate to have: " Outstanding High-grade gold intersections " Mineralisation Close to surface " Excellent Gold recoveries (metallurgy) " Soft ground (potential for ‘free dig’ ) " Primary mineralisation (potential to
Slide 26: NW Gawler: Our Backyard
Aurora Tank For personal use only Gawler Craton NW Gawler Our Backyard ASX: MEU 26
Slide 27: Marmota's Gold NW Gawler Exploration Program
Aurora Tank: first step in Marmota’s Gold NW Gawler Exploration Program Aurora Tank For personal use only Gawler Craton " Highly prospective under-explored jurisdiction " Marmota applying our new biogeochemical techniques successfully developed at Aurora Tank — tree sampling to help ‘see’ below the
Slide 28: Uranium Strategic Review
For personal use only Uranium Strategic Review 28
Slide 29: Junction Dam Location
Junction Dam Location For personal use only Marmota’s Junction Dam project is strategically located 15 km east from the Honeymoon (ASX: BOE) in-situ recovery (ISR) uranium mine (50km west of Broken Hill) … … which is 1 of only 4 permitted uranium mines in Australia 29
Slide 30: Marmota Uranium JORC Resource
Marmota Uranium JORC Resource Marmota currently has: For personal use only • JORC Inferred Resource of 5.4 million pounds U3O8 [ Saffron deposit ] with average grade of 557ppm U3O8 [ ASX:MEU 18 Nov 2011, 20 Feb 2012, 17 July 2013 ] • Overall Exploration Target* of 22–33 million pounds U3O8 at approx
Slide 31: Prior Marmota releases referenced
This AGM Presentation includes information based on prior Marmota ASX:MEU releases which may be referred to for more detail, including: For personal use only 4 Nov 2020 20 July 2020 24 June 2020 11 June 2020 21 May 2020 14 May 2020 8 April 2020 10 Oct 2019 19 Sept 2019 20 Aug 2018 27 Oct 2017 17 Jul
Slide 32: Disclaimer
Disclaimer 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 For personal use only information in this document has been derived from third parties and though ME