Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
The latest announcement is out from Marmota Limited ( (AU:MEU) ).
Marmota Limited has reported a second batch of high-grade assay results from its maiden drilling program at the Greenewood gold discovery in South Australia’s Gawler Craton. The latest results confirm a nearly continuous, near-surface mineralised system, with thick intersections such as 44 metres at 2.3 grams per tonne and 36 metres at 3.0 grams per tonne, and mineralisation remaining open in all directions.
These results rank among the strongest gold hits in the region since the Challenger discovery in 1995 and show that deeper drilling in areas previously considered barren can host significant mineralisation. Marmota plans a major follow-up reverse circulation drilling campaign starting in March to extend Greenewood, particularly to the south toward the Mainwood area, potentially stretching the strike length of the system to about two kilometres and further enhancing the project’s scale and strategic importance.
The most recent analyst rating on (AU:MEU) stock is a Hold with a A$0.13 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 Australian gold exploration company focused on the Gawler Craton region in South Australia. The company is advancing a portfolio of gold deposits, with particular emphasis on near-surface, high-grade discoveries that can potentially support future development in the Gawler gold belt.
Average Trading Volume: 4,284,127
Technical Sentiment Signal: Buy
Current Market Cap: A$174.3M
Find detailed analytics on MEU stock on TipRanks’ Stock Analysis page.