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Marmota Limited (ASX:MEU)

ALERT: Price-sensitive ASX Announcement for MEU
Current share price for MEU : $0.070 -0.004 (-6.08%)+
Announcement
Release
20 Jul 2026 8:37AM
Price at Release
$0.074
Full Release
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Summary
Marmota Limited has announced that its Greenewood gold project has achieved significant milestones with over 20,000 metres of new drilling completed since 20 April 2026. This program is part of Marmota's broader strategy to expand its gold discovery at Greenewood, located in the Gawler Craton, South Australia. The program aims to extend the mineralized zone, particularly to the north and south, and to enhance resource density for a forthcoming scoping study. The Greenewood project, part of the Golden Moon JV, has shown promising results with high-grade gold intersections. Marmota's efforts align with its strategy to capitalize on high-grade cores for flexibility in response to market fluctuations.
Key Points
  • Greenewood gold project surpasses 20,000 metres of new drilling.
  • Marmota aims to expand Greenewood, focusing on northern and southern extensions.
  • Greenewood part of Golden Moon JV with 90% Marmota ownership.
  • Program aims to grow resource and increase drilling density for scoping study.
  • Potential for significant gold yield with high-grade gold intersections.
  • Marmota's strategy includes flexibility in managing gold price fluctuations.
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.