Uranium Price Surge Motivates Explorers Like Marmota to Grow their Flagship Uranium Asset “Junction Dam”
Figure 1: Uranium Prices Hit Highest Levels Since 2011 The continuous dramatic upward trend in uran…
Marmota Limited
Industry: MINING
Marmota Limited (ASX:MEU) is a South Australian mining exploration company that made a significant high-grade discovery of titanium during its Muckanippie project near Coober Pedy. Recent drilling has revealed exceptional, thick, rich titanium mineralisation starting from the surface, with standout intercepts including 28m at an impressive 10.1% titanium dioxide and 4m at a stunning 13.3%. Another solid 36m intersection returned 6.2% titanium dioxide, with all four drill holes encountering high-grade mineralisation from the surface. The discovery follows a round of 106 shallow rotary air blast (RAB) drill holes initially targeting rare earth mineralisation. After learning of nearby high-grade titanium discoveries, Marmota re-assayed its holes and identified a significant titanium deposit, which is highly accessible due to its shallow depth and low iron content. This enables more efficient refining into a pure 99% titanium product, which is in high demand as global supply faces shortages caused by mine closures in Kenya, South Africa, and Mozambique. Marmota’s titanium venture is immediately adjacent to Petratherm’s high-grade discovery, with Marmota’s grades surpassing those of its neighbour. The company plans further exploration at Muckanippie to expand its resources and capitalise on the growing market demand for titanium.
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