Marmota Limited (ASX:MEU) has reported exceptional assay results from its titanium discovery at the Muckanippie Project in South Australia.
Initial metallurgical test work has confirmed high-grade heavy mineral (HM) concentrations and substantial mineralised thicknesses across all discovery holes.
The company’s exploration efforts have yielded impressive results, with standout intersections including 28m @ 19.2% HM from surface in hole WI-081, 36m @ 13.5% HM from surface in WI-080, and 39m @ 13.2% HM from surface in WI-079.
These findings indicate the presence of a significant heavy mineral sands deposit in the area.
Geological reviews have identified a regional-scale palaeochannel hosting the high-grade titanium mineralisation.
Marmota holds approximately 28 kilometres of this palaeochannel, which spans up to five kilometres in width across its tenements.
This extensive mineralised system enhances the project’s potential for large-scale development.
The discovery’s strategic location near critical transport infrastructure, including rail lines connecting Adelaide to Darwin and Perth, could provide logistical advantages for future operations.
Dr Colin Rose, Chairman of Marmota, expressed enthusiasm about the findings, stating: “The first metallurgical Heavy Mineral (HM) assays are outstanding.
“They confirm Marmota’s discovery at Muckanippie as a highly significant new Heavy Mineral sands discovery.”
He added that the company is moving rapidly to build on this momentum.
The titanium mineralisation at Muckanippie features TiO₂ grades exceeding 10 per cent, which could enhance its economic value.
As titanium is considered a critical mineral, this discovery may have strategic implications for Australia’s mineral resources sector.
With these promising results, Marmota Limited is poised for further exploration and development of the Muckanippie Project, potentially positioning itself as a significant player in the titanium market.
