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Marmota Limited (ASX:MEU)

ALERT: Price-sensitive ASX Announcement for MEU
Current share price for MEU : $0.075 -0.011 (-12.79%)+
Announcement
Release
30 Jul 2026 8:22AM
Price at Release
$0.086
Full Release
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Summary
Marmota Limited's quarterly activities report for the period ending 30 June 2026 outlines significant advancements in their mining exploration projects, particularly in the Gawler Craton region in South Australia. The company reported outstanding assay results from their Greenewood gold project, highlighting several high-grade intersections. The activities are part of an ongoing program that has already commenced Stage 3, with 20,000 meters of drilling completed. The financial statements indicate a net cash inflow from operating activities, despite substantial investments in exploration. The company projects sufficient funding for the coming quarters, aligning with their strategic focus on gold, titanium, and uranium exploration.
Key Points
  • Greenewood gold project shows bonanza gold assay results.
  • Stage 3 drilling commenced with over 20,000m completed.
  • Results to contribute to the Gawler Gold scoping study.
  • Net cash from operating activities recorded at $58,000 for the quarter.
  • Investments in exploration & evaluation amounted to $1,274,000.
  • Cash and cash equivalents at quarter end total $14,704,000.
  • Estimated funding available for 12.1 quarters.
  • The company is focused on gold, titanium, and uranium projects.
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.