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Marmota Ltd (ASX:MEU) has found a significant new paleochannel at its Muckanippie tenement in South Australia’s Gawler Craton, which both expands and defines the titanium-prospective territory there.
Identified through a geological review of Muckanippie – based on data from the Geological Survey of South Australia (GSSA), GP2 project, state geophysical imagery, topographical features, and open-source data – the paleochannel appears to intersect recent discoveries of titanium made by Marmota and Petratherm last year.
Marmota’s discovery – made in November 2024 – included assays such as 28 metres at 10.1 % TiO2 from zero metres (from surface), 36 metres at 6.2 % TiO2 from zero metres, 39 metres at 4.6 % TiO2 from zero metres, and 24 metres at 7.5 % TiO2 from zero metres.
The channel/fluvial hosted titanium of the paleochannel stretches across the company’s Muckanippie tenement EL 6166, as well as the adjacent tenements EL 6679 and EL 6005. Marmota’s holdings in the paleochannel amount to 28 kilometres of territory.
The paleochannel itself is believed to be approximately five kilometres in width.
Marmota is now hoping to capitalise, keeping in mind titanium is on Australia’s national critical mineral list as well as the critical mineral lists of major trade partners like the U.S., the EU, India, Japan, and South Korea.
MEU has been trading at four cents.
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