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Marmota Limited (ASX:MEU)

ALERT: Price-sensitive ASX Announcement for MEU
Current share price for MEU : $0.079 0.015 (23.44%)+
Announcement
Release
28 Oct 2025 8:26AM
Price at Release
$0.064
Full Release
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Summary
Marmota Limited has commenced work on a Stage 1 mine plan for its Gawler Gold project, located in the Gawler Craton of South Australia. The project primarily focuses on the Aurora Tank deposit, known for its high-grade gold intersections and potential for low-cost, low-capex open pit production. The work involves constructing a Whittle optimisation model, pit optimisation, mine design, and scheduling to estimate production and cash flow. Orelogy Consulting Pty Ltd is conducting the work, expected to complete in approximately 8 weeks. Marmota holds significant ownership of nearby gold deposits, enhancing the project's scope and scale.
Key Points
  • Marmota Limited is developing a mine plan for the Gawler Gold project.
  • Stage 1 focuses on Aurora Tank, known for high gold grades near the surface.
  • Whittle optimisation model and pit optimisation are part of the plan.
  • Orelogy Consulting Pty Ltd is conducting the work, expected to finish in 8 weeks.
  • Marmota holds significant gold rights in nearby deposits, enhancing project scale.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.