Marmota Completes Second Stage Drilling at South Australia Discovery; Shares Up 11%

MT Newswires Live

2025/12/17

Marmota (ASX:MEU) completed the second stage of drilling at the Greenewood gold discovery in South Australia, according to a Wednesday filing with the Australian bourse.

Samples will be sent to the laboratory for testing, with assay results expected around the end of January next year, the filing said.

Greenewood is part of the Golden Moon joint venture, where the company holds a 90% stake through its Half Moon subsidiary, per the filing.

Shares rose nearly 11% in afternoon trade Wednesday.

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