Marmota - Aurora Tank Gold Drilling completed

Marmota is very pleased to announce that the drilling program at Aurora Tank has now been completed.

The program was recently expanded from 10,000m (original) to 12,000m [cf. ASX: MEU 25 May 2022].

The program also includes a number of holes that form part of the Accelerated Discovery Initiative (ADI) at both Aurora Tank and on surrounding tenements (Woorong Downs and Comet) that are jointly funded by the South Australian Government under a grant awarded to Marmota [ ASX:MEU 24 June 2020 ]. Some of these holes are early stage reconnaissance work.

Marmota Chairman, Dr Colin Rose, said: 'This has been a thoroughly exciting and intriguing program. Were it not for a variety of logistical issues, we would have liked to extend the program further. We are hoping this will be our final drill program at Aurora Tank prior to our lodging a Mining Lease application at Aurora Tank. The program develops a number of parallel extensions that are still open, and should enable us to complete work on an optimal open pit design. On behalf of all our shareholders, may I extend our thanks to our wonderful team at Aurora Tank and in Adelaide, and to the drilling crews at Bullion who have all been working non-stop for almost 2 months to bring this to fruition.

Contact:

Tel: (08) 8294 0899

Fax: (08) 8376 8633

Web: www.marmota.com.au

About Marmota Limited

Marmota Limited (ASX: MEU) is a South Australian mining exploration company, focused on gold, copper and uranium. Gold exploration is centred on the Company's dominant tenement holding in the highly prospective and significantly underexplored Gawler Craton, near the Challenger gold mine, in the Woomera Prohibited Defence Area. The Company's copper project is based at the Melton project on the Yorke Peninsula. The Company's uranium JORC resource is at Junction Dam adjacent to the Honeymoon mine.