ASX: MEU - Marmota Ltd
- Matt Birney
- Dec 18, 2025
- 3 min read
Marmota Ltd: 3 ounces to the tonne and a 175% share price hike!
Marmota Ltd Executive Chairman Colin Rose on 3AW Bulls N' Bears Report
Listen to ASX-listed Marmota Ltd Executive Chairman Dr Colin Rose talk to Matt Birney on the Bulls N’ Bears Report about Marmota’s uber-successful maiden drill campaign at a new Gawler Craton discovery in SA.
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RADIO INTERVIEW - TRANSCRIPT
Matt Birney - Welcome to Bulls N' Bears brought to you today by gold explorer Marmota Limited.
Matt Birney - ASX code: MEU
Matt Birney - I'm Matt Birney, and I'm joined now by the Executive Chairman of Marmota, Dr. Colin Rose.
Matt Birney - Hi, Col.
Colin Rose - Good afternoon, Matt.
Matt Birney - All right, Col. So, I want to get to the spectacular drill results from your Greenewood project in South Australia's revered Gawler Craton. But before I do, just give me a roll call quickly of your various gold projects in South Australia and orientate me a bit.
Colin Rose - So until the Greenewood discovery, our flagship deposit was at Aurora Tank. Then we have Aurua Tank, Campfire Bore, Greenewood forming a whole arc of gold deposits all located within approximately 30 kilometres of each other.
Matt Birney - All right. So my Marmota's stock is up about 175% I might say since you completed the maiden drill program at this new thing called Greenewood and the market started anticipating the results. Well, those results are in and we'll get to them in a minute. But firstly, how would you broadly categorize the numbers from this first maiden campaign at Greenewood?
Colin Rose - The numbers are spectacular. We have nine intersections over 20 grams a tonne gold, 28 intersections over 10 grams a tonne. But most importantly, half of the high-grade intersections are just between 17 and 27 m from surface, and the others are between 28 and 67 m from surface. Very, very close to surface.
Matt Birney - Yeah, good stuff. All right. Well, let's break down the results. Let's start with the highest 1 m assays. What are the best 1 m numbers?
Colin Rose - We have 95 grams a tonne from 22 m from surface, 109 grams a tonne from 26 m downhole in the same hole, and then another 94 grams a tonne from 66 m downhole.
Matt Birney - And what about the broader intersections around them? What what were the better broader numbers?
Colin Rose - We have numbers like 33 m at 10 grams a tonne which is spectacular, 22 m at 5.1 grams a tonne and then a whole suite of other lengthy intersections like 28 m and 18 m at 3 g or 3.8 g and so on.
Matt Birney - Give me a sense of scale around this new Greenewood discovery. What sort of strike extent are you seeing at the moment?
Colin Rose - It's up to almost a kilometre in length. And there's another deposit to the south which is called Mainwood which is probably an extension of the same thing and that's our next focus to extend in strike.
Matt Birney - Dr. Colin Rose from Marmota Limited.
Matt Birney - Thanks for joining me on Bulls N' Bears and remember we're only here to give you information, not advice, which you should of course seek independently.
Matt Birney - I'm Matt Birney and this is Bulls N' Bears.
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