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Project Overview

Junction Dam is Marmota’s flagship project. It is located 50km west of Broken Hill and covers an area of 351km2.  Marmota has a joint venture agreement with Teck Resources Pty Ltd, PlatSearch NL and Eaglehawk Geological Consulting Pty Ltd for 51% of the uranium rights on this tenement.  It is also adjacent to the Mulyungarie tenement. A broad spaced twenty hole drilling program was conducted during October-November 2009, with a number of drill holes intersecting uranium mineralisation of potential economic significance.

Mulyungarie is located 50km west of Broken Hill and covers an area of 17km2. A first-phase drilling program has confirmed the presence of uranium in the prospective Eyre and Namba Formations within the project.  It is also adjacent to the Junction Dam project.

Melton comprises two tenements on the northern Yorke Peninsula and covers an area of 165km2. It is located over the northern extension of the Pine Point Fault and contains a number of discrete magnetic and gravity features interpreted to be consistent with IOCGU mineralisation elsewhere along the fault.

Marmota has moved to increase its exploration licence footprint in the highly prospective Lake Frome region of South Australia, with a number of ELs and ELAs in this highly prospective region. 

Ambrosia-Mulgathing is located 45km northwest of Tarcoola and covers a total of 1,112 km2.  It has the potential for Olympic Dam style iron oxide copper-uranium-gold (IOCGU), sandstone-hosted rollfront uranium in Tertiary palaeochannels, Jurassic Algebuckina Sandstone and channelised sandstone facies in the Permian Boorthanna and Stuart Range Formations. Marmota has a joint venture agreement with Monax Mining for 50% of all mineral rights on this tenement.

Marmota has moved to increase its exploration licence footprint in the highly prospective Lake Frome region in South Australia.  Marmota's licences in this region are in close proximity to the Beverley uranium mine.  The tenements are believed to contain the same package of sediments that host Beverley and the Four Mile deposit. 

Phar Lap is located 70km SSE of Coober Pedy and covers an area of 459km2.  It has potential for sandstone-hosted uranium in channelised sandstone facies of Cretaceous Cadna-owie Formation, Jurassic Algebuckina Sandstone and Permian Mount Toondina and Stuart Range formations.

Waddikee is located on the central Eyre Peninsula, covers an area of 1,004km2 and has potential for Tertiary palaeochannel hosted uranium, unconformity and vein style uranium in fault breccias and shear zones where reactive lithologies occur.

Coonarie is located on the southern Yorke Peninsula, covers an area of 500km2 and has the potential for sandstone-hosted uranium in Tertiary and Permian basin sandstones and unconformity related uranium at the base of the Permian and Cambrian sediments.