Adelaide, Australia – 14 January 2025 | Marmota Limited (ASX:MEU, “Marmota” or “the Company”) is pleased to announce exceptional assay results from its titanium discovery at the Muckanippie Project, South Australia. The initial metallurgical testwork has confirmed bonanza heavy mineral grades and significant mineralised thicknesses across each of its discovery holes.
Key Highlights
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Exceptional HM Concentrations:
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WI-081: 28m @ 19.2% HM from surface, including 4m @ 22.2% HM.
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WI-080: 36m @ 13.5% HM from surface, including 4m @ 27.8% HM.
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WI-079: 39m @ 13.2% HM from surface, including 4m @ 26.0% HM.
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WI-078: 24m @ 13.5% HM from surface, including 4m @ 21.3% HM.
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Palaeochannel Discovery:
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Geological reviews have identified a regional-scale palaeochannel hosting high-grade titanium mineralisation.
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Marmota holds ~28km of the palaeochannel, which spans up to ~5km in width across tenements.
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Strategic Location:
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The discovery is located close to critical transport infrastructure, including rail lines from Adelaide to Darwin and Adelaide to Perth.
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Critical Mineral Potential:
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Marmota’s titanium mineralisation features TiO₂ grades exceeding 10%, enhancing its potential economic value.
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Dr Colin Rose, Chairman of Marmota, commented:
The first metallurgical Heavy Mineral (HM) assays are outstanding. They confirm Marmota’s discovery at Muckanippie as a highly significant new Heavy Mineral sands discovery. The HM assays feature bonanza grades in every discovery hole and speak for themselves. Marmota is moving rapidly to build on this momentum. It is a wonderful start to 2025, and just the beginning of what we expect will be a very rewarding year for the Company and our shareholders.
For further information, please contact:
Dr Colin Rose
Executive Chairman
[email protected]
Jane Morgan
Investor & Media Relations
[email protected]
About us:
About Marmota Limited
Marmota Limited (ASX:MEU) is a South Australian mining exploration company focused on gold and uranium. Gold exploration is centred on the Company’s gold discovery at Aurora Tank that is yielding outstanding intersections in the highly prospective and significantly underexplored Gawler Craton in the Woomera Prohibited Defence Area. The Company's flagship uranium resource is at Junction Dam adjacent to the Honeymoon mine.
For more information, please visit: www.marmota.com.au
Contact details:
Jane Morgan
Jane Morgan Management
Investor & Media Relations
[email protected]
