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Marmota Limited ( (AU:MEU) ) has issued an update.
Marmota Limited has announced exceptional results from metallurgical testing at its Aurora Tank project, achieving gold recoveries of up to 93% using a low-cost heap leach process. This high recovery rate is significant as it suggests a viable commercial pathway for gold production without the need for expensive milling operations, potentially enhancing Marmota’s competitive positioning in the gold mining sector.
More about Marmota Limited
Marmota Limited operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in the exploration of gold deposits, with a market focus on low-cost, low-capex heap leach gold operations.
Average Trading Volume: 1,831,903
Technical Sentiment Signal: Buy
Current Market Cap: A$45.95M
Learn more about MEU stock on TipRanks’ Stock Analysis page.