MARMOTA LIMITED — AGM Information 2015

Nov 25, 2015

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AGM Presentation 2015

26
November
2015

Dr
Colin
Rose Chairman
(non-­‐exec) David
Williams Managing
Director Peter
Thompson Technical
Director
(non-­‐exec)

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2

• Different
  skill
  sets
  make
  for
  a
  good
  Board

**Capital

Structure**

Shares
on
issue 367
m Op:ons (MEUO;
2cps
exercise,
expiry
9
Dec
2015) ~

9
m Unlisted
op:ons ~
1.5
m Market
Cap (at
3
cents
per
share) $11
m Cash $550,000

Zero
Debt

**Board

&
Management**

Chairman (non-­‐exec) Dr
Colin
Rose Managing
Director
/
CoSec David
Williams Technical
Director (non-­‐exec) Peter
Thompson

**Largest

Shareholders**

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Dr
Colin
Rose Yandal Investments (Mark
Creasy)

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Top
Shareholders Top
20 ~
37% Top
50 ~
51% Top
100 ~
67%

3

• As
  at
  25
  November
  2015

2

month
plot

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Since
announcements
re:

• Widgety

• (14
  Oct)
  and

• Westpoint
  Hill

(26
Oct)

3

year
plot

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Not
back
to
historical
levels
yet (and
Marmota
didn’t
have
a Westpoint
Hill
discovery
back
then)

• …
  share
  price
  and
  volumes
  have
  increased

4

~~�~~ ~~Stage 1: Restructuring (May and June)~~

• New
  Board

• New
  capital

• : Opera:ng
costs
cut saving
about
$700,000
per
annum[*
] –
run
the
en`re
non-­‐exec
Board
for
a
cash
cost
of
$17,001
p.a. –
new
premises –
new
registry
service:
Link

• combined
  MD
  /
  company
  secretary,
  etc

**All
adds
up.

Every
dollar
goes
twice
the
distance.

Less
dilu:on.

More
explora:on.**

5

• New
  financial
  year
  (es`mate),
  compared
  to
  year
  to
  June
  2015

~~�~~ ~~Stage 2: All Systems Go (since July ...)~~

• **In

July: Marmota
launched
an
aggressive
new
gold
explora:on program
across
its
prime
tenement
holdings
around the
Challenger
gold
mine • In-­‐house
geos:

sta:oned
in
the
Gawler
Craton, auger
drilling
calcrete
samples • Program
is
already
yielding
outstanding
results Westpoint
Hill: EXCEPTIONAL
gold
anomalism**

Marmota
has
iden:fied
a
NEW
LARGE
GOLD
anomaly
in
the
Gawler
Craton

6

~~Why are we looking for the next Challenger?~~

**Challenger

gold
mine**

o already
produced
over
1
million
ounces
of
gold o A$1.5
billion
of
gold
at
current
prices

7

~~�~~ ~~In pursuit of … The next Challenger~~

• Marmota
  has
  a DOMINANT
  tenement
  holding
  around
  Challenger

• S : ee
  diagrams next
  2
  pages

o km[2
] MEU
tenements
cover 4,000 of
highly
prospec`ve
area around
the
Challenger
gold
mine

• Credit
  is
  due
  to
  previous
  team
  who
  acquired
  this
  ground
  for
  MEU
  !

8

MEU Tenements around Challenger

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MEU, Challenger and Neighbours

10

Others

have
tried
...

Marmota’s
results
at
Westpoint
Hill
are
beier
than
99.9%
of all
calcrete
sampling
data
recorded
in
the
South
Australian Government
database
of
192,677
samples.

11

Others
have tried
.... Calcrete sampling in
the Gawler Craton

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----- Start of picture text -----

12
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Marmota’s

tenements
around
Challenger:

� Significantly
underexplored

• …
  oken
  nothing
  other
  than
  1-­‐mile
  grid

� **Yes
–
this
is
GOOD!

…
huge
poten:al**

**Dan

Gray,
MEU
Senior
Geologist,
will
be
delivering
a separate
presenta:on
about
the
discovery
of
Westpoint
Hill.**

13

• Marmota
  has
  made
  an
  open
  $2m
  offer
  for
  the Challenger
  gold
  mine

• Marmota’s
  offer
  is
  unambiguously
  beier
  than WPG
  offer: at
  least
  TWICE
  as
  good.

• Marmota
  can
  offer
  synergy
  of
  Challenger
  with the
  poten`al
  of
  Westpoint
  Hill
  (25km
  away).

• Marmota
  is
  happy
  to
  explore
  all
  avenues
  that provide
  Kingsgate
  shareholders
  with
  real
  uplik and
  a
  beier
  outcome
  ...

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Challenger
Pit Source:
Kingsgate
Consolidated
Limited

14

• We
  have
  just
  begun
  ...

• Highly
  prospec`ve
  tenements
  and
  massively
  underexplored

• Westpoint
  Hill: EXCEPTIONAL
  gold
  anomalism

• Marmota
  has
  iden:fied
  a
  NEW
  LARGE
  GOLD
  anomaly
  in
  the
  Gawler
  Craton

• Excingmes
  ...

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15

Disclaimer

This
presentaon has been prepared by Marmota Energy Limited (“MEU”). The informaon
contained
in
this
presentaon is a professional opinion only and is given in good faith. Certain informaon
in
this
document
has
been
derived
from
third
pares and though MEU has no reason to believe that it is not accurate, reliable or complete, it has not been independently audited or verified by MEU. Any forward-­‐looking statements included in this document involve subjecve
judgement
and
analysis
and
are
subject
to
uncertaines, risks and conngencies,
many
of
which
are
outside
the
control
of,
and
may
be
unknown
to,
MEU.
In
parcular they refer only to the date of this document they assume the success of MEU’s strategies, and they are subject to significant regulatory, business, compe``ve and economic risks and uncertaines.

Actual
future
events
may
vary
materially
from
those
in
the
forward
looking
statements.
Recipients
of
this
document
are
cauoned not to place undue reliance on such forward-­‐ looking statements. MEU makes no representaon
or
warranty
as
to
the
accuracy,
reliability
or
completeness
of
informaon in this document and does not take responsibility for updang
any
informaon or correcng
any
error
or
omission
which
may
become
apparent
aker
this
document
has
been
issued.
To
the
extent
permiied
by
law,
MEU
and
its officers,
employees,
related
corporaons and agents, disclaim all liability, whether direct, indirect or consequenal
for
any
loss
or
damage
arising
out
of,
or
in
connecon with, any use or reliance on this presentaon
or
informa`on.

**Cau:onary

Statement**

The
esmates of exploraon
target
sizes
menoned above should not be misunderstood or misconstrued as esmates
of
Mineral
Resources.
The
esmates of exploraon
target sizes
are
conceptual
in
nature
and
there
has
been
insufficient
results
received
from
drilling
completed
to
date
to
esmate a Mineral Resource compliant with the JORC Code (2004) guidelines. Furthermore, it is uncertain if further exploraon
will
result
in
the
determina`on
of
a
Mineral
Resource.

**Forward

Looking
Statement**

This
report
may
contain
forward
looking
statements
that
are
subject
to
risk
factors
which
are
based
on
MEU’s
expectaons relang
to
future
events.
Forward-­‐looking
statements are
subject
to
risks,
uncertain`es
and
other
factors,
many
of
which
are
outside
the
control
of
MEU,
which
could
cause
actual
results
to
differ
materially
from
such
statements.
MEU makes
no
undertaking
to
update
or
revise
the
forward-­‐looking
statements
made
in
this
report
to
reflect
events
or
circumstances
aker
the
date
of
this
release.

**Competent

Persons
Statement**

Informaon in this exploraon
update
relang to Exploraon
Targets,
Exploraon Results and Mineral Resources is based on informaon
compiled
by
Peter
Thompson,
who
is
a Member
of
the
Australasian
Instute of Mining and Metallurgy. He has sufficient experience which is relevant to the styles of mineralisaon
and
types
of
deposits
under consideraon and to the acvies being undertaken to qualify as a Competent Person as defined in the 2012 Edion
of
the
“
Australasian
Code
of
Reporng of Exploraon
Results, Mineral
Resources
and
Ore
Reserves.”
Mr
Thompson
consents
to
the
inclusion
in
this
report
of
the
maiers
based
on
his
informa`on
in
the
form
and
context
in
which
it
appears.

For
further
informa`on,
please
contact:

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David
Williams Managing
Director Email: info@marmotaenergy.com.au Phone:
(08)
7088-­‐4883