Marmota Ltd’s Greenewood Gold Discovery Reveals High-Grade Potential

GREENEWOOD GOLD: HIGH-GRADE DISCOVERY POISED FOR GROWTH

Marmota Limited (ASX: MEU) has completed its first internal review of the Greenewood Gold deposit, revealing multiple high-grade gold intersections over 20 g/t near surface and planning its maiden drilling program at this promising asset. Located just 35km northwest of Marmota's flagship Aurora Tank gold deposit, Greenewood is one of several gold deposits in Marmota's Gawler Gold project.

BONANZA GOLD GRADES HIGHLIGHT GREENEWOOD'S POTENTIAL

The Greenewood deposit has already yielded impressive gold intersections despite having received only minimal exploration to date. Highlights include:

• 14m @ 6 g/t Au including 1m @ 53 g/t (from 35m depth)
• 22m @ 4 g/t Au including 1m @ 37 g/t (from 50m depth)
• 13m @ 3.4 g/t Au including 1m @ 21 g/t (from 36m depth)
• 10m @ 5 g/t Au including 1m @ 29 g/t (from 31m depth)

What makes these results particularly compelling is that all significant intercepts are close to surface (within 100m), potentially indicating favourable economics for any future mining operation.

GREENEWOOD: VASTLY UNDEREXPLORED WITH MASSIVE GROWTH POTENTIAL

Despite its promising initial results, Greenewood has seen remarkably little exploration compared to Marmota's more advanced projects:

The current mineralised strike length at Greenewood is approximately 500 metres and remains open in all directions, highlighting the enormous potential for resource expansion with additional drilling.

UNDERSTANDING OROGENIC GOLD DEPOSITS

Greenewood represents a classic orogenic gold deposit, similar to the nearby Challenger mine which produced over one million ounces of gold. Orogenic gold deposits typically:

• Form along major structural zones during mountain-building events
• Can extend to significant depths, creating potential for long mine lives
• Often contain high-grade zones within broader mineralised envelopes
• Typically show good continuity along strike and down-dip

Unlike many of Marmota's other gold deposits in the region, Greenewood wasn't discovered through gold-in-calcrete anomalies at surface, but rather through follow-up RC drilling of anomalous RAB drilling results from 2003.

STRATEGIC POSITION WITHIN MARMOTA'S "ARC OF SIX" GOLD DEPOSITS

Greenewood forms part of what Marmota calls its "Arc of Six" gold deposits along the flanks of a major 'Y'-shaped gravity anomaly in the Northwest Gawler Craton:

1. The Challenger mine (1+ million ounces produced)
2. Mainwood
3. Greenewood
4. Campfire Bore
5. Golf Bore
6. Aurora Tank

Marmota owns all five of the unmined gold deposits (either 100% or 90% ownership), creating significant opportunities for economies of scale and scope.

FAVOURABLE ECONOMICS IN A RISING GOLD ENVIRONMENT

Marmota's acquisition and development of Greenewood comes at an ideal time in the gold market cycle. The current gold price (approximately A$5,200/oz) is triple the price when the initial drilling was completed in 2018 (around A$1,680/oz), significantly enhancing the economic potential of any future resource.

"Of the Arc of Six, Greenewood may have the highest growth potential due to the presence of so many open mineralised trends and limited previous work." – Dr. Kevin Wills, experienced geologist who produced the Greenewood report and who previously designed programs that discovered the Challenger gold mine.

WHY INVESTORS SHOULD WATCH MARMOTA

Marmota presents a compelling investment case with several key advantages:

1. Multiple high-grade gold assets – Not just a one-project company
2. Strategic location – Projects in close proximity create operational synergies
3. Experienced technical team – Led by geologists with proven discovery records
4. Favourable gold market – Rising gold prices enhance project economics
5. Clear growth pathway – Well-defined exploration strategy to expand resources

With programs to enlarge the resource at Greenewood being finalised and an update expected in the coming weeks, Marmota is positioned at an exciting inflection point. The company's 90% ownership of Greenewood (via its 100% owned subsidiary Half Moon Pty Ltd) gives shareholders significant exposure to any exploration success.

For investors seeking exposure to gold exploration with near-term catalysts, multiple assets, and significant upside potential, Marmota deserves close attention as it advances its promising portfolio of Gawler Craton gold projects.

Want to Tap Into Marmota's Gold Potential?

For investors seeking exposure to multiple high-grade gold assets with significant upside potential, Marmota Limited (ASX: MEU) offers a compelling opportunity. With bonanza gold grades at Greenewood, strategic positioning within the "Arc of Six" gold deposits, and upcoming exploration catalysts, now is the time to investigate this emerging gold play. Visit www.marmota.com.au to learn more about Marmota's promising portfolio and discover how you can be part of their gold growth story.