Marmota set to reboot SA uranium hunt with drilling blitz

The West Australian03-25

Marmota Limited has dropped the final pieces into place for a restart to its hunt for uranium at the company’s Junction Dam project in South Australia.The company has now finalised a drilling program ...

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The data have highlighted what appears to be a north-trending extension of the Yarramba Palaeovalley. This ancient, buried river system serves as a major host for sandstone-hosted uranium deposits.A palaeovalley is essentially a buried ancient drainage channel that can host porous sedimentary units that in this particular context can be favourable for uranium mineralisation.In this case, the interpretation is important because the Yarramba Palaeovalley is believed to host Boss Energy’s uranium-rich Jason’s palaeochannel and Marmota’s newly interpreted palaeovalley extension on its side of the boundary appears to be largely untested by drilling.Marmota put Junction Dam on the map. It is one of the most exciting uranium discoveries in Australia, and we are delighted the forward program is fully designed and fully funded. The company is in its strongest financial position ever, and now with the strongest suite of exploration projects in the Company’s history, with outstanding projects in gold, titanium and uranium. Marmota Limited chairman Dr Colin RoseThe company says the interpreted palaeochannel extension within its ground could be up to 3.7 kilometres long, providing a sizeable corridor to hunt for additional channel-hosted uranium.A further 15 holes are planned for an area of interest lying 600 metres east of the priority corridor, where gravity data suggest similar channel depressions, possibly representing additional channel scours.The planned holes are expected to be drilled with a rotary mud rig and logged with downhole probes, including gamma and resistivity, to help define stratigraphy and pinpoint potentially mineralised intervals.The drill bit will be aimed at the sands of the lower Eyre Formation, the same host unit logged at Boss Energy’s Honeymoon and Jason’s deposits and also within Marmota’s Junction Dam uranium resource. The porous and permeable geology of the palaeochannel is considered amenable to in-situ recovery mining using pumped solvent methods.The company has now wrapped up reviews and drilling plans across four defined target zones at its Junction Dam uranium restart project, marking a key step toward getting rigs on site. The latest work builds on earlier campaign designs from 2023 and 2024 for its Saffron, Bridget, and Yolanda palaeochannel targets in the southwest of the tenure.The company’s Saffron area already carries an inferred 5.4 million pounds of uranium oxide.In total, the overall restart program is shaping up as a serious campaign, with plans for 400 holes across two stages, including 164 holes at Saffron, 114 at Bridget, up to 83 at Yolanda and 39 at Jason’s.Marmota has earmarked $2 million for stage one and another $2 million for stage two, with native title clearances required before drilling can begin. In the meantime, the company is keeping exploration momentum ticking over through its ongoing gold work.With its uranium drilling blueprint now locked in, Marmota’s next catalysts look straightforward and will likely include native title clearances, boots on the ground and the drill bit turning at Jason’s.Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.39.0","shortVersion":"4.39.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2622028281","isCrawlerRequest":true}