Marmota review highlights South Australian uranium potential

By Michael Philipps

February 5, 2024 — 5.34pm

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Add articles to your saved list and come back to them any time. Listen to this article4 minASX-listed Marmota has identified two separate uranium-bearing formations at its Bridget prospect after a review by an independent uranium expert of the target showing significant potential to build on its Junction Dam uranium resource in South Australia.The second stage of the review, completed by uranium specialist Mark Couzens, highlighted multiple palaeochannels that appear to be from two distinctly different geological ages, with similarities to nearby uranium deposits that are both coincident in the Bridget area. Marmota’s Junction Dam uranium project sits close to Boss Energy’s Honeymoon operation in South Australia. More importantly, the Namba formation has Beverley-style mineralisation.The review says two separate uranium-bearing Eyre formation palaeochannels and associated floodplains have been interpreted […]

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