Marmota Says Assays Identify Heavy Mineral Concentrations At South Australia Titanium Project, Shares Jump 21%

MT Newswires Live

01/14

Marmota (ASX:MEU) said first assay results from metallurgical testing at its Muckanippie titanium discovery in South Australia returned significant heavy mineral concentrations over thick intercepts, according to a Tuesday Australian bourse filing.

Testing identified surface high-grade heavy mineral concentrates from every titanium discovery hole with results including 28 meters at 19.2% heavy minerals, including 4 meters at 22.2% heavy minerals.

Its shares jumped 21% in recent trade on Tuesday after earlier reaching a 52-week high.

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