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Marmota Limited ( (AU:MEU) ) has issued an update.
Marmota Limited has completed the drill program design for the final component of its Junction Dam uranium re-start program, known as Target 4 at Jasons, located on the north-west corner of its tenement next to Boss Energy’s Jason’s uranium resource. Using state gravity imagery, the company has identified a possible north-east trending extension of the Yarramba Palaeovalley within its ground that may host a continuation of the uranium-bearing Jason’s palaeochannel.
The newly interpreted palaeochannel extension on Marmota’s ground, which remains untested, could extend for up to 3.7 kilometres in strike, highlighting meaningful upside exploration potential near an established inferred resource of 13.3 million pounds at 410 ppm U3O8 owned by Boss Energy. Completion of the Target 4 design marks the finalisation of Marmota’s overall uranium re-start drill program planning at Junction Dam, potentially enhancing its strategic position in the Honeymoon uranium district if future drilling confirms mineralisation continuity.
The most recent analyst rating on (AU:MEU) stock is a Sell with a A$0.09 price target. To see the full list of analyst forecasts on Marmota Limited stock, see the AU:MEU Stock Forecast page.
More about Marmota Limited
Marmota Limited is an ASX-listed exploration company focused on uranium assets in South Australia, particularly the Junction Dam tenement. The company’s projects lie adjacent to Boss Energy’s Honeymoon uranium operations, positioning Marmota within a prominent emerging uranium district with potential synergies and resource extensions.
Average Trading Volume: 3,398,420
Technical Sentiment Signal: Buy
Current Market Cap: A$117.5M
See more insights into MEU stock on TipRanks’ Stock Analysis page.