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Marmota (ASX: $MEU) gears up for major gold and uranium exploration

Marmota (ASX: $MEU) announces major developments in gold and uranium exploration


Marmota Limited (ASX: $MEU) has announced significant progress in its gold and uranium exploration projects. The company's flagship gold discovery at Aurora Tank has been delivering exceptional gold intersections, with metallurgical testing underway to optimize recoveries. Additionally, Marmota has unveiled the new Golden Moon JV to expand gold resources at key deposits adjacent to Aurora Tank. On the uranium front, the Junction Dam project is poised for re-start programs, showing promising potential for growth.

Executive commentary on Marmota's upcoming exploration activities


Our flagship gold discovery at Aurora Tank has been a standout success, with outstanding gold intersections and the commencement of metallurgical testing to enhance recoveries. The new Golden Moon JV is set to significantly expand our gold resources, leveraging the proximity and synergies with Aurora Tank. Furthermore, the Junction Dam uranium project holds immense promise, and we are eagerly awaiting approvals to commence drilling at both Campfire Bore and Junction Dam. These upcoming exploration activities mark an incredibly exciting period for Marmota, and we are looking forward to sharing detailed announcements as we progress through these developments.

Summary of Marmota's gold and uranium exploration developments


Marmota (ASX: $MEU) is making significant strides in its gold and uranium exploration endeavors. The company's Aurora Tank gold discovery continues to deliver exceptional results, with metallurgical testing underway to optimize recoveries. The introduction of the new Golden Moon JV is expected to further enhance the company's gold resources, capitalizing on the synergies with Aurora Tank. Additionally, the Junction Dam uranium project holds substantial potential for growth, with re-start programs in the pipeline. Marmota anticipates imminent approvals for drilling at Campfire Bore and Junction Dam, heralding an exciting phase in the company's history. Shareholders can look forward to detailed updates as these developments unfold, underlining Marmota's commitment to driving growth and value in its exploration activities.

MARMOTA LIMITED
MEU | ASX | Energy
0.0450(+0%)
At close 05/07 (AEDT)
Market cap
$48.9M
Volume
376,041
DY Yield
0
PE Ratio
0
52 Week Range
0.027 - 0.057
1YR Return
237.079%

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