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MARATHON RESOURCES LIMITED - ASX: MTN
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
Marathon Resources Limited is a minerals exploration company focused on the development of Mt Gee, one of Australia's largest undeveloped uranium deposits.
With 40% of the world's known uranium reserves, Australia has huge potential to meet continued growth in uranium demand and Marathon's projects are set to supply some of this need.
The Mt Gee project is located within the Paralana Mineral System of South Australia, a uranium-rich state which is home to the world's largest uranium deposit at Olympic Dam. Mt Gee has an indicated and inferred resource of 51 million tonnes averaging 615 parts per million U3O8 (cut-off grade 300 ppm), yielding 31,400 tonnes of contained U3O8.
Marathon has a joint venture over tenements in central South Australia with listed uranium explorer UraniumSA Ltd (ASX:USA), in which the company holds a 7% stake.
Mine For
uranium
Location of operation(s)
South Australia
Address
235 Port Rd
HINDMARSH, SA, AUSTRALIA
Phone
(61 8) 8348 3500
Website
http://www.marathonresources.com.au
Last Updated
22/03/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
