Marmota Limited · ASX:MEU
Marmota — SARIEC Conference July 2018
22 slides from Marmota's conference presentation, Jul 31, 2018
Slide 1: Marmota's Gold Focus: Aurora Tank Gold Discovery and New Gold Targets
Aurora Tank For personal use only Gawler Craton Marmota’s Gold Focus: Aurora Tank Gold Discovery and New Gold Targets Aaron Brown Senior Geologist Kevin Wills Director of Exploration SARIEC Conference July 2018
Slide 2: Outline
Outline ASX: MEU • Corporate Snapshot For personal use only • Tenements • Regional Targets • CAR Prospect • Polynorth Prospect • Aurora Tank Project • Biogeochemical Exploration • Goshawk Mineralisation • Future Work 2
Slide 3: Corporate Snapshot
Corporate Snapshot ASX: MEU For personal use only Capital Structure Largest Shareholders Shares on issue 653 m Options 0 Dr Colin Rose Unlisted options 31 m Southern Cross Capital Market Cap (at 1.8 cents per share) ~ $11.7 m J Rose Cash (as at 30 June 2018) $ 1.5m Yandal Investments (Mark Creasy) Z
Slide 4: Gawler Craton Tenements and Geology
Galwer Craton Tenements and Geology ASX: MEU • 16 ELs For personal use only • Total Area 6109 km2 • Centred on Challenger Prospective for: • Archaean Mulgathing complex targets, and • Hiltaba-Gawler Range Volcanics targets • Drilling of 10 new targets (shown by red dots) is underway 4
Slide 5: Exploration: Target 1, CAR Prospect
Exploration: Target 1, CAR Prospect ASX: MEU • Originally identified in For personal use only DPC’s Tarcoola Tallaringa Bedrock Drilling Project (1991) • 1.5 km wide calcrete Au anomaly • Identified in 400 x 400m spaced regional sampling (2016) 85LRC5 • Infilled to 100m x 100m (Late 2016) • Hiltaba
Slide 6: Exploration: Target Polynorth prospect
Exploration: Target 8 Polynorth prospect ASX: MEU • Identified in regional (400 x For personal use only 400m) calcrete sampling in 2015 • No previous drilling • 100 x 100m Infill sampling (2016) • Cleared for drilling (2017) • Archaean Mulgathing Complex • Favourable structure • Magnetics suggest fo
Slide 7: Aurora Tank Gold Discovery
Aurora Tank Gold Discovery ASX: MEU Location: For personal use only • Gawler Craton • 50 km NE of Challenger gold mine • Prospective ground • Largely under explored • Tertiary and Quaternary cover • Large Au in calcrete anomaly • High Grade intercepts • Strike extent ( >500m) • Mineralisation open •
Slide 8: Tank Project: Goshawk Deposit
Aurora Tank Project: Goshawk Deposit ASX: MEU For personal use only Drilling to define a Maiden JORC Resource To date • Air Core 146 holes for 6,685m • Reverse Circulation 130 holes for 10,358m • Diamond (tails) 6 holes for 313m Total metres 17,356m Planned • Mid September • ~3000m RC drilling • Ext
Slide 9: Tank Project: Goshawk Deposit
Aurora Tank Project: Goshawk Deposit ASX: MEU For personal use only 9
Slide 10: Tank Project: Goshawk Deposit
Aurora Tank Project: Goshawk Deposit ASX: MEU For personal use only Gold intersection highlights • Plus 1 g/t Au intersections over > 500m zone • Most high grade Cross section intersections between 10 and 50m • Many sections still open • Mineralisation generally underlies calcrete Au anomaly, but no
Slide 11: Biogeochemical Exploration
Biogeochemical Exploration ASX: MEU Sampling of plant tissue for For personal use only chemical assay • Advantages • Low impact • 2 people by foot or quad bikes • Rapid sampling • 60 - 90 samples per day • Depth penetration of roots • Arid zone drought tolerant plants, as deep as is needed • Large r
Slide 12: Biogeochemical Exploration: Goshawk Trial
Biogeochemical Exploration ASX: MEU Goshawk Trial For personal use only Samples collected over 3 zones of mineralisation • High-grade • Moderate • Low Total of 54 samples collected • Unable to sample all planned locations due to clearing • 2 species sampled • Acacia anuera (Mulga) • Senna a. spp (Se
Slide 13: Biogeochemical Exploration: Results
Biogeochemical Exploration ASX: MEU Results For personal use only • Elevated Au in Acacia and Senna Leaves • Responses over better mineralisation • Low response over poorly mineralised zone • Elevated Au outside Au in calcrete anomaly 13
Slide 14: Biogeochemical Exploration: Goshawk Extended Trial
Biogeochemical Exploration: Goshawk ASX: MEU Goshawk Extended Trial For personal use only • Aims • Better understanding of response over varying depth to Au • Identify new targets not present in calcrete geochemistry • Sampling complete • Assays pending • Targets identification • Drill testing 14
Slide 15: Tank Project: Goshawk Section
Aurora Tank Project: Goshawk Section 26 ASX: MEU For personal use only 15
Slide 16: Tank Project: Goshawk Longsection
Aurora Tank Project: Goshawk Longsection ASX: MEU For personal use only Cross section 16
Slide 17: Tank: Goshawk Deposit
Aurora Tank: Goshawk Deposit ASX: MEU • Diamond Hole For personal use only 17ATDD002, 46m • Micro “nuggety” gold partly in clays, adjacent to larger subhedral crystals of As-Sb sulphide, collectively incorporated in massive vein quartz (black in reflected light) 17
Slide 18: Tank: Goshawk Deposit
Aurora Tank: Goshawk Deposit ASX: MEU • Diamond Hole For personal use only 17ATDD004, 33m • Dispersed fine gold within dark clay and quartz between breccia fragments of tourmaline. (reflected light) 18
Slide 19: Tank: Goshawk Deposit Metallurgy
Aurora Tank: Goshawk Deposit ASX: MEU Metallurgy For personal use only • 3 samples submitted for initial test work (Cyanide leach bottle roll) • Fine gold provides high recoveries and fast leach kinetics. • Sample A • 12-15 m depth • Average Grade 1.7 g/t Au • Recovery 93.9% • Sample B • 22-28 m dep
Slide 20: Future Work
Future Work ASX: MEU Regional For personal use only • Interpret reconnaissance drilling results • Follow up drill planning • Continued calcrete infill sampling • Biogeochemical sampling Aurora Tank Marmota is now examining different means • September drill program to bring Aurora Tank into productio
Slide 21: Thank You
For personal use only Thank You ASX: MEU 21
Slide 22: 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