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Marmota Limited ( (AU:MEU) ) has provided an update.
Marmota Limited has commenced Stage 2 of its drilling program at the Greenewood gold discovery in South Australia’s Gawler Craton. This follows the successful results from Stage 1, which revealed high-grade gold deposits. The current drilling phase plans for approximately 85 holes, aiming for a total of 8,500 meters of drilling, with operations expected to continue until the Christmas break. This advancement underscores Marmota’s strategic efforts to enhance its gold exploration and potentially increase its market positioning within the mining sector.
More about Marmota Limited
Marmota Limited is a company involved in the mining industry, focusing on gold exploration and development. It is primarily engaged in discovering and developing gold deposits, with a significant focus on the Gawler Craton region in South Australia.
Average Trading Volume: 3,248,474
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$80.12M
See more data about MEU stock on TipRanks’ Stock Analysis page.