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Marmota Limited (ASX:MEU)

ALERT: Price-sensitive ASX Announcement for MEU
Current share price for MEU : $0.074 -0.021 (-22.11%)+
Announcement
Release
17 Dec 2025 8:24AM
Price at Release
$0.095
Full Release
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Summary
Marmota Limited has announced the successful completion of Stage 2 of its maiden drilling program at the Greenewood gold discovery. This stage involved an expanded RC drilling program with a total of 129 holes and 10,117 meters drilled, exceeding initial plans. The Greenewood project, part of the Golden Moon JV with 90% ownership by Marmota, is located in the Gawler Craton, South Australia, near the Aurora Tank gold deposit. The drilling program aims to enhance resource estimation through a combination of extensional and in-fill holes. Assay results are expected by the end of January, with the drilling showing promising high-grade gold intersections.
Key Points
  • Stage 2 drilling at Greenewood completed with 129 holes
  • Total RC drilling reached 10,117 meters, up from planned 8,500 meters
  • Greenewood part of Golden Moon JV, 90% owned by Marmota
  • Drilling program designed for resource estimation with extensional and in-fill holes
  • Assay results expected around end of January
  • High-grade intersections noted in initial results
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.