Marmota Limited · ASX:MEU
Marmota — Shareholder Meeting (November 2016)
16 slides from Marmota's shareholder meeting presentation, Nov 8, 2016
Slide 1: AGM 2016 Chairman's Presentation
For personal use only AGM 2016 Chairman’s Presentation 8 November 2016
Slide 2: Corporate Snapshot
Corporate Snapshot ASX: MEU! Capital Structure Largest Shareholders For personal use only Shares on issue ~ 450m Listed op4ons 0 Unlisted op4ons ~ 1.9 m Dr Colin Rose Southern Cross Capital Market Cap (at 1.8 cents per share) ~ $8.1 m J Rose Cash (as at 30 September 2016) $852,000 Yandal Investments
Slide 3: Share Price
Share Price ASX: MEU! 3 month plot 3 year plot For personal use only Aurora Tank announcement Board Restructuring ASX:MEU 25 Oct 2016 1 May 2015 3
Slide 4: Restructuring is bearing fruits
Restructuring is bearing fruits …! For personal use only • Revitalised Board • New capital * • Opera4ng costs cut: saving about $700,000 per annum – run the en[re non-exec Board for a cash cost of $17,001 p.a. • New Explora4on team and More Explora4on – seeing the benefits already All adds up. Every
Slide 5: Multi-commodity exposure
Multi-commodity exposure! For personal use only Copper Gold Uranium o Explora[on Target (June 2016) 1,2: o Seeking next Challenger o 5.4 million pounds U3O8 Inferred Resource 3 1 to 4 million tonnes at average Over 5,500 km2 of lightly grade between 1.0% and 1.5% explored ground around o Explora[on
Slide 6: Towards a resource in each space
Towards a resource in each space ...! Uranium Marmota already has a uranium JORC resource For personal use only Copper Next drilling program on the Copper Coast should result in an Inferred Resource being able to be reported in accordance with the JORC code 1 Gold Already well on our way at Aurora T
Slide 7: Change of Name
For personal use only Change of Name …! 7
Slide 8: GOLD: Seeking the next Challenger
For personal use only GOLD Seeking the next Challenger … 8
Slide 9: Why are we looking for the next Challenger?
Why are we looking for the next Challenger? For personal use only • At opening: one of Australia’s most profitable gold mines 1 • Over 1 million ounces of gold already produced2 (A$1.7 billion at current prices) • Discovered by drilling calcrete gold anomalies 1 cf. Southern Gold Annual Report 2009 p
Slide 10: Our goal: Find the next Challenger - Stage 1: Consolidate
Our goal: Find the next Challenger …! Stage 1: Consolidate For personal use only Marmota has judiciously been consolida4ng and expanding our DOMINANT tenement holding around Challenger o See diagram: next page o MEU tenements now cover over 5,700 km2 of highly prospec[ve ground around the Challenger
Slide 11: MEU, Challenger and Neighbours
MEU, Challenger and Neighbours For personal use only 11
Slide 12: Our goal: Stage 2: Bring in the geologist who found Challenger
Our goal: Find the next Challenger …! Stage 2: Bring in the geologist who found Challenger For personal use only In March, we were delighted to bring in Dr Kevin Wills … the geologist who designed the programs that discovered Challenger … … to head up Marmota’s new explora[on team. 12
Slide 13: We have only just started with the NEW exploration team
We have only just started with the NEW exploration team…! For personal use only But since March, we have already iden4fied … 7 new anomalous gold-in-calcrete zones 13
Slide 14: Drilling at Aurora Tank
Drilling at Aurora Tank ! Results just in [ see ASX:MEU 25 Oct 2016 ] For personal use only Off to a great start … 15 intersec[ons greater than 1 g/t gold including: ! 4m at 8.0 g/t gold from 24m – Hole 16AT043 ! 4m at 3.7 g/t gold from 24m – Hole 16AT044 ! 4m at 4.9 g/t gold from 32m – Hole 16AT061
Slide 15: Summary
Summary For personal use only Peter Thompson, Marmota’s Technical Director, will deliver a separate presenta4on about our Explora4on Program 15
Slide 16: Disclaimer
Disclaimer Disclaimer This presenta[on has been prepared by Marmota Energy Limited (“MEU”). The informa[on contained in this presenta[on is a professional opinion only and is given in good faith. For personal use only Certain informa[on in this document has been derived from third par[es and though