Marmota Ltd Greenewood Gold Discovery Delivers Bonanza Grades

Bonanza Gold Grades Light Up the Gawler Craton

Marmota Limited (ASX: MEU) has uncovered exceptional gold grades at its Greenewood gold project in South Australia's Gawler Craton. The company's maiden drilling program has delivered some of the most significant gold results seen in the region since the discovery of the Challenger deposit in 1995.

The standout results include an incredible 4m @ 43 g/t gold from 64m downhole in Hole 25GWRC099 (as part of a wider intercept of 28m @ 6.5 g/t gold from 44m downhole) and 4m @ 38 g/t gold from 24m (part of 24m @ 12 g/t gold from 20m). These bonanza-grade intersections are particularly remarkable as they occur relatively close to the surface.

The drilling program has successfully delineated a nearly continuous high-grade gold zone at Greenewood, extending over 900 meters in strike length. What's even more encouraging is that the mineralisation remains open in multiple directions, suggesting significant expansion potential.

"Greenewood is yielding some of the best gold results seen in the Gawler Craton since the discovery of the Challenger deposit in 1995. The results feature high grades, close to surface, with excellent continuity along strike, and including exceptional thick high-grade intersections."

• Dr. Colin Rose, Marmota Chairman

Thick Gold Intersections Highlight Potential Scale

The maiden drilling program comprised 146 RC holes totalling 15,480 meters, with an average hole depth of approximately 106 meters. Results received to date have been based on 4-meter composites, with the company now awaiting assays from 1-meter splits to provide even more detailed information about the high-grade zones.

Some of the most impressive thick intersections include:

These thick, high-grade intersections are particularly significant as they suggest potential for economical open-pit mining operations. The shallow nature of many of these intersections (most starting at depths of just 20-40 meters) further enhances the economic potential of the project.

Strategic Location in the "Arc of Six" Gold Deposits

Greenewood is strategically positioned within what Marmota calls the "Arc of Six" gold deposits, located along the flanks of a major 'Y'-shaped gravity anomaly in the Northwest Gawler Craton. This arc includes:

1. The Challenger Mine (historical production of over 1 million ounces)
2. Mainwood
3. Greenewood
4. Campfire Bore
5. Golf Bore
6. Aurora Tank

Remarkably, Marmota owns either 100% or 90% of all five unmined gold deposits in this prospective region, giving the company a dominant position in this emerging gold district.

What is a Bonanza Gold Grade?

While there's no official definition, "bonanza grade" typically refers to exceptionally high-grade gold assay results that significantly exceed the average grade of most gold deposits. In the gold mining industry, grades above 5 g/t are generally considered high-grade, while anything above 20 g/t is exceptional.

Marmota's Greenewood gold discovery intercepts of 43 g/t, 38 g/t, and 29 g/t over 4-meter intervals are truly extraordinary and place the Greenewood project among the highest-grade gold discoveries in Australia in recent years. For context, many operating gold mines work with average grades of 1-2 g/t or even less.

These bonanza grades are significant for investors because:

1. They drastically improve the economics of a potential mining operation
2. They provide greater flexibility in mining methods and processing options
3. They create a buffer against gold price fluctuations
4. They can lead to faster payback periods for capital investments

Next Steps: Detailed Assays Coming Soon

Marmota has already dispatched the 1-meter splits from the mineralised zones to the laboratory for detailed assaying. Results from these samples are expected in approximately one month and will provide greater clarity on the exact distribution of gold within the broader mineralised intervals.

These detailed results will be crucial for:

1. Defining the precise boundaries of high-grade zones
2. Understanding the continuity of mineralisation
3. Planning follow-up drilling campaigns
4. Beginning preliminary resource modelling

The speed at which Marmota has moved to collect and submit these samples (within days of receiving the composite assays) demonstrates management's recognition of the significance of their discovery and eagerness to advance the project.

The Investment Thesis: Multiple Gold Projects with Synergy Potential

Marmota Ltd Greenewood gold discovery investment case is strengthened by several key factors:

1. Multiple High-Grade Gold Projects: With Greenewood now demonstrating exceptional grades alongside the company's flagship Aurora Tank project, Marmota controls multiple promising gold assets.

2. Strategic Regional Position: Owning five of the six known gold deposits in the region creates significant strategic value and potential for district-scale development.

3. Operational Synergies: Greenewood's proximity to Marmota's Aurora Tank gold discovery (approximately 35km apart) creates obvious economies of scale and scope, potentially allowing for centralised processing facilities.

4. Near-Surface Mineralisation: The shallow nature of many of the gold intercepts suggests potential for low-cost open pit mining with favourable strip ratios.

5. Exploration Upside: Prior to Marmota's recent drilling, Greenewood had only seen about 7,000 meters of historical drilling, with exploration halted in 2018 for non-geological reasons. This suggests significant potential remains for expanding the known mineralisation.

6. Metallurgical Advantages: While specific metallurgical testing at Greenewood is pending, Marmota's Aurora Tank project has already demonstrated excellent gold recoveries in metallurgical testwork, pointing to potential for low-cost, low-capex heap leach production.

Why Investors Should Follow Marmota

Marmota represents a compelling opportunity for gold investors for several key reasons:

1. Exceptional Gold Grades: The bonanza grades encountered at Greenewood are among the highest reported by any ASX-listed gold explorer in recent years.

2. Rapid Development Potential: The combination of high grades, near-surface mineralisation, and multiple deposits in close proximity creates the potential for accelerated development timelines.

3. District-Scale Opportunity: Control of five gold deposits in the "Arc of Six" provides Marmota with multiple development options and significant exploration upside.

4. Experienced Leadership: The company is led by Chairman Dr. Colin Rose and Executive Director of Exploration Aaron Brown, both experienced mining professionals with relevant expertise.

5. Upcoming Catalysts: The pending 1-meter split assays represent a significant near-term catalyst, with potential to further demonstrate the exceptional nature of the Marmota Ltd Greenewood gold discovery.

As gold continues to trade at historically strong prices, companies with high-grade discoveries like Marmota are well-positioned to attract investor attention. The combination of bonanza grades, strategic land position, and multiple development options makes Marmota one of the more interesting gold exploration stories on the ASX in 2025.

Ready to Explore This Exceptional Gold Opportunity?

Discover more about Marmota Limited's bonanza-grade gold discovery at Greenewood and their strategic position controlling five of the six gold deposits in South Australia's Gawler Craton. With exceptional grades of up to 43 g/t gold near surface and a continuous mineralised zone extending over 900 metres, Marmota represents a compelling investment opportunity in the gold sector. Visit www.marmota.com.au today to learn more about this exciting ASX-listed company and their portfolio of high-potential gold projects.