Aurora Tank Gold Project · Aurora Tank Gold Project Marmota Acquires Full 100% Ownership Marmota...

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ASXANNOUNCEMENT 4July2016

AuroraTankGoldProjectMarmotaAcquiresFull100%Ownership

MarmotaEnergyLimited(ASX:MEU)(“Marmota”)

KEYPOINTS• MarmotahasenteredintoanagreementwithitsJVpartner,ApolloMinerals.

• Undertheagreement,MarmotawillassumefullcontrolofAuroraTank,andincreasesitsstaketofull100%ownershipofAuroraTank(EL5589).

• Wide-spaceddrillingoftheAuroraTankNWGoldtargetin2015showedsignificantgoldmineralizationnearsurface.

Background• TheAuroraTanktenement(EL5589)issituatedapproximately50kmNEofthe

Challengergoldmine.

• GoldwasfirstidentifiedatMarsAuroraTankprospectbycalcretesampling;adiscretegold-in-calcreteanomalyextendsover2kmstrikelength,overlyingamagneticanomaly.

• ApolloMineralsLimited(ASX:AON)conducteddrillingontheAuroraTanktenementin2014and2015aspartofafarm-inagreementwithMarmota.

• Apolloreported[seeAONASXReleases:21October2014and9June2015]:o Significantnearsurfacegoldmineralisationintersectedinrecently

completed35holedrillprogrammeatMarsAuroraTankProject(Fig.1)o Mineralisedzoneisinterpretedtoextendforatleast500malongstrikeand

isopeninalldirectionso Earlystagedrilledintersectionsinclude:

! 4mat5g/tgoldfrom16m! 16mat1g/tgoldfrom20m,including12mat1.3g/tAufrom20m! 16mat0.7g/tgoldfrom19m,including4mat0.9g/tAufrom31m

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Figure1:AuroraTankdrillholelocationplanandgolddistribution[seeAONASXRelease:9June2015]

AgreementThenewagreementbetweenMarmotaandApollofinalisesallmattersunderthefarminagreement.1ApollowilltransfertoMarmotaitsinterestintheAuroraTanktenementandMarmotawillpayApollo$50,000.

1DetailsofthefarminagreementaresetoutinASX:MEUrelease–15February2013.

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Figure2:Marmota’sGawlerCratontenementsaroundtheChallengerGoldmine •AuroraTank(EL5589)isencircledinGREEN •Tenementsagreed(inApril)tobeacquiredfromaprivatepartyareoutlinedinREDForfurtherinformation,pleasecontact:

AboutMarmotaEnergyLimitedMarmota Energy Limited (ASX: MEU) is a South Australian mining exploration company,focused on gold, copper and uranium. Gold exploration is centred on the Company’sdominanttenementholdinginthehighlyprospectiveandsignificantlyunderexploredGawlerCraton, near the Challenger gold mine, in the Woomera Prohibited Defence Area. TheCompany’s cornerstone copper project is based at the Melton project on the YorkePeninsula. The Company’s largest uranium project is at Junction Dam adjacent to theHoneymoonmine.

MarmotaEnergyLimitedDavidWilliamsManagingDirectorEmail:info@marmotaenergy.com.au

Unit679–81BrightonRoadGlenelgSA5045ABN:38119270816T: (08)82940899F: (08)83768633www.marmotaenergy.com.au

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