Who is kidding who?
Sydney - Wednesday - Oct 22: (RWE Australian Business News) -
Marathon Resources Ltd (ASX:MTN) today said the recent decline in its
share price was not related to any change in the fundamentals of the
company. It believed the share price had been affected by the current
external market volatility.
"Work at Marathon continues on all non-drilling parts of our
exploration activities and we are pleased to announce that the company
will tomorrow commence a gravity survey program at our Mt Gee uranium
deposit in South Australia," directors said.
"As mentioned in our resource upgrade announcement released in
September, we believe there is potential for further mineralisation in
the region of the Mt Gee deposit in EL3258 and this gravity survey will
add to the evidence base of the uranium resource.
"As announced in August, our Rectification Plan for the clean-up
at Mt Gee has been approved and we are awaiting instructions from PIRSA
on a commencement date," they said.
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