Marmota Ltd: A 70% share-price hike and a big new heavy minerals strike
Marmota Ltd Chairman Colin Rose on 3AW & 2GB Bulls N' Bears Report
Listen to ASX-listed Marmota Ltd Chairman Colin Rose talk to Matt Birney on the Bulls N’ Bears Report about Marmota’s off-the-scale grades in its brand new heavy minerals discov-ery in Australia.
TO LISTEN TO THE MARMOTA LTD AUDIO INTERVIEW - CLICK BELOW
Marmota Ltd has extensive swag of gold and critical minerals ground in South Australia’s underexplored Gawler Craton. The com-pany’s near surface gold discoveries are accelerating rapidly to-wards development despite their relative infancy, however it is Marmota’s recent titanium-rich discovery to the South which is rais-ing eyebrows in the market for its serious potential upside!
RADIO INTERVIEW - TRANSCRIPT
Matt Birney - Welcome to Bulls N' Bears brought to you today by mineral explorer Marmota Limited.
Matt Birney - ASX code: MEU
Matt Birney - I'm Matt Birney and I'm joined now by the Chairman of Marmota Dr Colin Rose.
Matt Birney - Hi Col
Colin Rose - Good afternoon Matt very nice to be here.
Matt Birney - Okay Col so Marmota is probably best known for its gold and uranium projects in South Australia, although your share price ran from 3.5 to 6 cents in the last 3 weeks on the back of a titanium rich heavy minerals discovery in South Australia.
Matt Birney - What are the headline drill numbers from that discovery at your Muckanippie project?
Colin Rose - Well we got fantastic numbers starting directly from surface 28 metres at 19 per cent heavy minerals including 4 metres at 22 per cent, 36 metres at 13, 39 metres at 13, 24 metres at 13, every discovery hole yielding bonanza grades.
Matt Birney - 19 per cent heavy minerals sounds high, how does that compare to the big players out there with heavy mineral discoveries say Illuka and others?
Colin Rose - So most of the projects in production in Australia seem to range between approximately 1 per cent heavy mineral content to around five or at most maybe 6 per cent.
Colin Rose - We haven't found anyone anywhere who has numbers as high as the numbers we are getting in heavy mineral concentrates.
Matt Birney - I understand these holes have a lot of titanium in them, what's titanium typically used for?
Colin Rose - It's a miracle product which is on the national critical mineral list in a whole range of Western countries. It's used from everything from paints and sunscreens and cosmetics and plastics and automotive coatings to space applications, NATO has just put it on their list of critical minerals, it's used in semiconductors, any environment where you need high strength, lightweight, resistance to corrosion and so on. So it's greatly in demand today.
Matt Birney - How did this discovery come about?
Colin Rose - Quite funny story actually so our next door neighbour, a company called Petratherm made a discovery of titanium on the adjacent tenement, so we naturally went off to look for what we had on our tenement and when we had done so, found that we were getting even better numbers than they were reporting.
Matt Birney - I know Petratherm ran from about 4 cents to 40 cents on the back of their discovery so well done to you.
Matt Birney - Colin Rose from Marmota
Matt Birney - Thanks for joining me on Bulls N' Bears and remember we're only here to give you information, not advice, which you should of course seek independently.
Matt Birney - I'm Matt Birney and this is Bulls N' Bears.
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