Marathon Resources Limited was established to explore ground in South Australia and western Victoria for economic metalliferous mineralisation, including iron-oxide copper-gold (IOCG), copper, gold and uranium.

Prior to listing on the Australian Securities Exchange on 17 March 2005, Marathon was fortunate to acquire high quality properties, both in its own right and through joint ventures.

These SA properties are located in the highly prospective Gawler Craton, in the Northern and Central Adelaide Geosyncline (Flinders Ranges).

Marathon has made significant progress since listing on the ASX.

An indicated and inferred resource of 51 million tonnes averaging 615 parts per million U₃O₈ (cut-off grade 300ppm), yielding 31,400 tonnes of contained U₃O₈ has been announced for the Mt Gee uranium deposit in the Northern Flinders Ranges of South Australia.

A 73-hole drilling program was completed in March 2007, with a further 27 diamond drill holes drilled into the Mt Gee deposit in late 2007 and early 2008. In addition, Marathon has undertaken extensive geochemical, mapping and analytical work on EL 3258 (now EL 4355). The results were consistent with Marathon's mineralisation model.

Marathon is also exploring other prospects within the Paralana Mineral System, including the Armchair and Hodgkinson deposits.

NEXT PAGE | HOME