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Marmota Limited (ASX:MEU)

ALERT: Price-sensitive ASX Announcement for MEU
Current share price for MEU : $0.100 -0.07 (-41.18%)+
Announcement
Release
29 Jan 2026 8:16AM
Price at Release
$0.170
Full Release
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Summary
During the December 2025 quarter, Marmota Limited announced a significant high-grade gold discovery at Greenewood within the Gawler Gold Project in South Australia. This discovery, featuring bonanza gold grades over a 900-meter strike, resulted from the company's maiden drilling program, which yielded some of the best gold results in the Gawler Craton since the Challenger deposit in 1995. The report details the financial activities of Marmota, including cash flows from operating, investing, and financing activities. The company continues its exploration and evaluation activities, with expectations for further assay results and a scoping study. Marmota also appointed Paul Richardson as the Project Manager for the Gawler Gold project, aiming to develop its arc of adjacent gold deposits.
Key Points
  • Marmota makes a 900m-long high-grade gold discovery at Greenewood.
  • The company conducted a second round of drilling at Greenewood with results expected in February.
  • Greenewood is located near Marmota’s flagship Aurora Tank gold deposit and the Challenger Gold Mine.
  • Marmota's maiden drilling program yielded exceptional bonanza gold grades.
  • The company is preparing to undertake drilling at the Mainwood prospect.
  • Marmota appointed Paul Richardson as Gawler Gold Project Manager.
  • Net cash from operating activities stood at -$72,000 for the quarter.
  • Total cash and cash equivalents at the end of the period were A$3.035 million.
  • The Gawler Gold project comprises an arc of gold deposits in the NW Gawler Craton.
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.