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Re: MTN - Marathon Resources

dj_420 said:
guys just wondering if anyone had seen the relevance of this

However, they won backing for a proposal banning uranium mining in national parks and world heritage areas.

will this have any sort of implication on the mt gee area?
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I haven't seen anything factual to support the notion Mt Gee is a protected area. Would like to see a reference or link to confirm this. Up to this point, it's just been rumour IMO.
 
Re: MTN - Marathon Resources

Does anyone know if they can process the Mt Gee resource using the In Situ Leach process?

I don't know if anyone has bothered to do this, but there is a rather large In Situ Leach processing plant approx 25 - 30km's from Mt Gee, called Beverley operated by Heathgate Resources.

All images are courtesy of Google Earth
 

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Re: MTN - Marathon Resources

i think that mt gee can only be mined with an underground mine due to the type of rock deposit is in and the fact that it is in an environmentally sensitive area means they cannot do in situ leach or open pit
 
Re: MTN - Marathon Resources

dj_420 said:
i think that mt gee can only be mined with an underground mine due to the type of rock deposit is in and the fact that it is in an environmentally sensitive area means they cannot do in situ leach or open pit
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There are two parts to this process, 1st part is digging up the dirt. My understanding is that Mt Gee would most likely be an underground mine which is good because this will cause less impact to the local environment.

The second part of the process is processing the ore, who says the ore has to be processed at Mt Gee. Dump the ore in a truck and drive it down to Beverley(avoiding as many Wallaby's as possible) for Processing and refinement.

If the Mt Gee ore can be processed at Beverley, there could be some very interesting possibilities eventuate.
 
Re: MTN - Marathon Resources

Kimosabi said:
There are two parts to this process, 1st part is digging up the dirt. My understanding is that Mt Gee would most likely be an underground mine which is good because this will cause less impact to the local environment.

The second part of the process is processing the ore, who says the ore has to be processed at Mt Gee. Dump the ore in a truck and drive it down to Beverley(avoiding as many Wallaby's as possible) for Processing and refinement.

If the Mt Gee ore can be processed at Beverley, there could be some very interesting possibilities eventuate.
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i have no idea how easily/hard it would be for MTN could get another company to process their ore. IMO the only way that would happen would be through a JV. who knows the beverley processing plant might already be run at full capacity in which case it would not be viable for them to mine another company's ore even given credits or however that would work.

also you need to look at overheads for an underground mine, will be huge, cost blowouts prevalent in underground mining operations.

IMO stocks that can use in situ leach will be very quickly snapped up as they will be the ones to start producing the quickest. AGS and CUY.
 
Re: MTN - Marathon Resources

Kimosabi said:
Does anyone know if they can process the Mt Gee resource using the In Situ Leach process?

I don't know if anyone has bothered to do this, but there is a rather large In Situ Leach processing plant approx 25 - 30km's from Mt Gee, called Beverley operated by Heathgate Resources.

All images are courtesy of Google Earth
Click to expand...

:eek: After some more research this probably wouldn't work for Mt Gee.:eek:

The message you have entered is too short. Please lengthen your message to at least 100 characters.
 
Re: MTN - Marathon Resources

Hi Kimosabi,

Regarding your question about In-Situ Leach, the clue is in the name really. The Beverley plant extracts the Uranium that is IN SITU at the Beverley site. This process will only work with roll-front type deposits which have permeable rocks (for example in a palaeo river-channel, where roll-fronts are found). The ore at Mt Gee is completely different- it's a hard-rock deposit, and not particularly permeable presumably, so that would necessitate physically digging the stuff and crushing it etc. A google of "in situ leach" gave the following result:

http://www.uic.com.au/nip40.htm
 
Re: MTN - Marathon Resources

However, they won backing for a proposal banning uranium mining in national parks and world heritage areas


Does anyone know what may happen if a ban is put in place banning mining on World heritage or national parks within SA? Will that automatically mean that those areas will be protected?

If so what does that mean for MTN?
:eek:
 
Re: MTN - Marathon Resources

champ2003 said:
http://www.environment.gov.au/cgi-bin/ahdb/search.pl Place ID 5978

here is the link showing that Mt Gee IS heritage listed

I'm not sure how up to date this information is though.
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However, they won backing for a proposal banning uranium mining in national parks and world heritage areas

Another question to ask- What are the chances of that proposal being given the green light??

It would have to be fair to say that there would be a very good argument to back up the proposal.

Maybe this should be looked into very thoroughly?

Cheers!

Champ
 
Re: MTN - Marathon Resources

champ2003 said:
However, they won backing for a proposal banning uranium mining in national parks and world heritage areas

Another question to ask- What are the chances of that proposal being given the green light??

It would have to be fair to say that there would be a very good argument to back up the proposal.

Maybe this should be looked into very thoroughly?

Cheers!

Champ
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I think this environmental issue is something that needs to be raised with the company. I'll try and get on to them tomorrow.
 
Re: MTN - Marathon Resources

Yes Kennas that would be good I tried calling a little while ago and it would either not ring or no one wouldn't pick up... Probably lunch... so I gave up
 
Re: MTN - Marathon Resources

It's important to remember that Mt Gee is considered as Mt painter region...

Mt Gee is not in a world heritage area nor in a national heritage.... It is in the register of the national estate. As high lighted below

Here is a quote taken from the sites glossary:

"The place is in the Register of the National Estate. Although some places may be legally registered because they are within a larger registered area they may not necessarily possess intrinsic significance."

In other words the Mt Painter Region is up for re-evaluation because it is within the arakoola ragion... Just like AGS

What makes the conservation plan rubbish in my opinion is that it was done very roughly branding the entire mountain as significant which wouldn't be the case

List: Register of the National Estate
Class: Natural
Legal Status: Registered (28/09/1982)
Place ID: 5979
Place File No: 3/00/260/0060
Statement of Significance:
Many of the diverse, rugged and often unique geological, geographical and botanical features which make the Arkaroola-Mount Painter region a wilderness area of great scientific and aesthetic interest. In addition, it is a major haunt of the until-recently rare yellow footed rock wallaby (PETROGALE XANTHOPUS).

The Commission has determined that this place has Indigenous values of national estate significance. The Commission is currently consulting with relevant Indigenous communities about the amount of information to be placed on public record.

(The Commission is in the process of developing and/or upgrading official statements for places listed prior to 1991. The above data was mainly provided by the nominator and has not yet been revised by the Commission.)
Official Values: Not Available
Description:
The Arkaroola Creek, flowing from the Gammon Ranges to the south, swings east in the area of Bolla Bollana smelters and becomes unusually and spectacularly sinuous, frequently doubling almost back into itself. Cutting through the resistant quartzites, tillites and granites of Proterozoic age, it forms a number of beautiful waterholes and gorges with sheer rock walls. The surrounding terrain is typically chaotic with serrated quartzite, massive tillite and bulbous granite peaks. The flora often reflecting the geology, is dominated by several acacia and eucalypt species, yaccas, porcupine grass and after seasonal rains, wildflowers of great beauty.
History: Not Available
Condition and Integrity:
Moderately good. Graded roads passing through Arkaroola Village provide direct access to Bolla Bollana, Arkaroola and Stubbs waterholes. The station management attempts to control tourism by prohibiting camping outside the village and setting aside special areas for mineral collecting.
Location:
About 8000ha, 94km north-east of Copley on Arkaroola Road near Arkaroola Village, AMG points: SH5409-Copley 325454, 325507, 465507, 465454 and return to start, approx. 0.5km north of Arkaroola Village.
Bibliography:
(1) SPRIGG, R.C., & SPRIGG, G. (1976): ARKAROOLA-MT. PAINTER IN THE
FLINDERS RANGES, SOUTH AUSTRALIA. AUSTAPRINT, ADELAIDE. (2) MOONEY, P.
(1976): ARKAROOLA AREA. IN, MCBRIAR, E.M. & MOONEY, P.A. (EDS.),
GEOLOGICAL MONUMENTS OF SOUTH AUSTRALIA,PT I,GEOL. SOC. AUST., S.
AUST. DIV. 200-206. (3) CORBETT, D.W.P.,(ED.)(1969): THE NATURAL
HISTORY OF THE FLINDERS RANGES LIBRARIES BOARD

NOT HERITAGE LISTED
 
Re: MTN - Marathon Resources

insider said:
Statement of Significance:
Many of the diverse, rugged and often unique geological, geographical and botanical features which make the Arkaroola-Mount Painter region a wilderness area of great scientific and aesthetic interest. In addition, it is a major haunt of the until-recently rare yellow footed rock wallaby (PETROGALE XANTHOPUS).
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Aaaaah, the infamous and extremely important Yellow Footed Rock Wallaby, without which our way of life will cease to exist! :banghead:

I've written to the company as well to get their official perspective.
 
Re: MTN - Marathon Resources

kennas said:
Aaaaah, the infamous and extremely important Yellow Footed Rock Wallaby, without which our way of life will cease to exist! :banghead:

I've written to the company as well to get their official perspective.
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What I think would be better would be to speak to the Flinders Ranges Council on the matter but They don't have a phone number... I wanted to ask them Is Mt Gee in a Landscaped Pastoral zone or is it in Zone A
 
Re: MTN - Marathon Resources

Alright doubter, here we go...

Fat Prophets nominated MTN as it's latest stock of the week and to HOLD.

If you've got e-trade you can look it up on Fat Prophets Mining Stock of the week.

I'll just post the one quote from the article..

"The extraordinary value in Marathon is now being realised, but we believe there is even more upside to come."
 
Re: MTN - Marathon Resources

QUOTE=Kimosabi;152696]Alright doubter, here we go...

Fat Prophets nominated MTN as it's latest stock of the week and to HOLD.

If you've got e-trade you can look it up on Fat Prophets Mining Stock of the week.

I'll just post the one quote from the article..

"The extraordinary value in Marathon is now being realised, but we believe there is even more upside to come."[/QUOTE]

Post the whole thing please... Not that I'm a doubter...
 
Re: MTN - Marathon Resources

How's this:

Reflecting strong corporate interest in the uranium sector and the quality of its Mt Gee uranium deposit, Marathon Resources continues to trade well in advance of Crosby's $3.52 a share takeover offer. We see little downside for shareholders given current circumstances, including the possibility of rival bidders emerging. Reflecting its confidence, Marathon has appointed one of Australia's most experienced resource executives as its new CEO.

"The extraordinary value in Marathon is now being realised, but we believe there is even more upside to come."

Fat Prophets first recommended Marathon Resources at 72 cents in March 2006 (Fat Mining 16). Our last review of this stock was in February (Fat Mining 68).

Since our last review in March, there has been a clear acceleration of the upward trend. As a result, the stock achieved a new all-time high of $6.42 last week. This represents a gain of 145% in just one month.

Following such rapid gains, the upward trend of any stock would be at risk of pausing for consolidation. Marathon is no exception. In the near term, we anticipate further consolidation with last week's low of $5.10 providing initial support.

Given the strength of the longer term trend, we believe the outlook for Marathon remains positive. In time, we expect prices to extend to new highs above $6.42.
 
Re: MTN - Marathon Resources

kennas said:
How's this:

Reflecting strong corporate interest in the uranium sector and the quality of its Mt Gee uranium deposit, Marathon Resources continues to trade well in advance of Crosby's $3.52 a share takeover offer. We see little downside for shareholders given current circumstances, including the possibility of rival bidders emerging. Reflecting its confidence, Marathon has appointed one of Australia's most experienced resource executives as its new CEO.

"The extraordinary value in Marathon is now being realised, but we believe there is even more upside to come."

Fat Prophets first recommended Marathon Resources at 72 cents in March 2006 (Fat Mining 16). Our last review of this stock was in February (Fat Mining 68).

Since our last review in March, there has been a clear acceleration of the upward trend. As a result, the stock achieved a new all-time high of $6.42 last week. This represents a gain of 145% in just one month.

Following such rapid gains, the upward trend of any stock would be at risk of pausing for consolidation. Marathon is no exception. In the near term, we anticipate further consolidation with last week's low of $5.10 providing initial support.

Given the strength of the longer term trend, we believe the outlook for Marathon remains positive. In time, we expect prices to extend to new highs above $6.42.
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I didn't want to post the whole article because it's effectively private research. Unless of course you can get this info from a public source.
 
Re: MTN - Marathon Resources

OK, direct from Belinda at MTN. This is a great response and very prompt. Got to hand it to them for that!

Belinda - MTN POC said:
Hi Sean,

Thanks for your email. This is often an area of confusion for those following Marathon. Below is some information that will hopefully answer your questions.

The exploration license held for the Mount Gee area is EL3258.

EL3258 lies within the Flinders Ranges Planning Area "A".
EL3258 lies almost entirely within the area zoned Environmental Class A within the Development Plan for "Land not Within a Council Area".

Is Mt Gee in a National Park?

No

Is Mt Gee 'Pastoral Land'?

EL3258 is within the boundaries of the Arkaroola Pastoral Lease (No. 2240). The Arkaroola Pastoral Lease is declared a sanctuary under the South Australian National Parks & Wildlife Act 1972. Arkaroola Station itself is a 'rejected' place in the Australian Heritage Register. No part of Arkaroola Station has been declared or proclaimed a national park, conservation area, Recreation Park or a regional reserve.

Can minerals be mined at Mt Gee, being within Environmental Class A area?

Objective 2 is regarding the protection of the landscape from damage by mining operations and exploring for new resources.

It states that "Mining operations should not take place in the Environmental Class A zone unless the deposits are if such paramount importance and their exploitation is in the highest national of state interest that all other environment, heritage or conservation considerations may be overridden. Deposits which may potentially have the required degree of significance have been identified in the following localities only: the western face of the Heysen Ranges: portion of the Moralana Valley; portion of the Mt Hack and Mt Uro areas; portion of the Stirrup Iron Range: portion of the East Gammons and the Mt Painter-Freeling Heights area."

The interim report of a scoping study by Coffeys indicates that an underground mine approached from the flat outside the Flinders Ranges is one of out best options.

Mt Gee is also on the National Estate List. Can minerals be mined?

We are aware of 3 places in the Arkaroola area are entered in the Register of National Estate. Entry of itself in the Register of the National Estate does not mean that a place is subject to restraints or control, or that management of the place needs to be altered.

There are no legal constraints on the way owners of private property, or state or local governments manage or dispose of properties entered in the register of the National Estate. The listing of places on the Register of National Estate is not an impediment in itself to the carrying on of the exploration program of EL3258.
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