Greenewood sits 35km northwest of Marmota’s other flagship Aurora Tank gold deposit and 30km northeast of the Gawler Craton’s renowned Challenger mine, which yielded over a million ounces from 2002 to 2018.
The prospect slots neatly into the company’s existing Gawler gold project – an arc of deposits flanking a prominent Y-shaped gravity feature in the northwest craton. The chain of deposits runs from Aurora Tank in the east through Golf Bore, Campfire Bore, Greenewood and Mainwood, extending west to Monsoon and Typhoon, with Marmota controlling all of the unmined deposits in the region.
The company’s Aurora Tank stands out with bonanza grades near surface and strong metallurgical recoveries, pointing to an efficient open-pit, heap leach scenario with modest upfront costs and likely low-cost production.
Work on the maiden scoping study for Aurora Tank is well underway, with the company now moving quickly to lodge a maiden resource at its 900m-long Greenewood deposit, so it too can be fast-tracked.
With gold prices again pushing above A$6500 an ounce, Marmota’s stellar share price run and string of high-grade, near-surface discoveries are setting the scene for a busy 2026 ahead.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
