Chief Government Geophysicist to head new SA uranium company

The former Chief Government Geophysicist in South Australia has been recruited....

  The former Chief Government Geophysicist in South Australia has been recruited to head up a new uranium company being spun-out of the listed Monax Mining.Dom Calandro – who played a major role in one of South Australia’s most successful mining initiatives – has been appointed Managing Director of Marmota Energy Limited.Marmota is currently finalising its planned capital raising and public listing agenda based around key uranium acreage across South Australia.In his Government role, Mr Calandro was largely responsible for driving programs that, in the past decade, have reduced exploration risk in South Australia and attracted new exploration investment, including through the highly successful PACE initiative.Monax’s Managing Director, Michael Schwarz said the significant potential of Marmota’s tenements and South Australia’s favourable regulatory regime were key factors in Mr Calandro’s decision to accept this position in South Australia’s private resources sector. “To secure his considerable expertise at the head of a young exploration program is a coup for Marmota and a strong vote of confidence in the proposed capital raising and initial exploration program,” Mr Schwarz said.“Mr Calandro has driven much of the gathering and dissemination of vital information which has underpinned the explosion of new mining exploration in South Australia in recent years.“This has put him in the unique position of recognising the calibre of Marmota’s acreage and Monax’s strategy, which identified the need to pick up this exploration ground at an early stage,” he said.Marmota Energy’s exploration assets being vended into the IPO cover a range of potential uranium mineralisation styles in Tertiary palaeochannels, sedimentary basin settings, hard rock and unconformity style exploration projects throughout South Australia.