Miramar Resources Limited · ASX:M2R
Miramar Resources — Investor Presentation (June 2022)
23 slides from Miramar Resources's investor presentation, Jun 27, 2022
Slide 1: Miramar Resources Ltd Investor Update June 2022
For personal use only Miramar Resources Ltd “Creating shareholder value through discovery” INVESTOR UPDATE – JUNE 2022 ASX: M2R
Slide 2: Disclaimer/Competent Person Statement
Disclaimer/Competent Person Statement For personal use only Forward-Looking Statements Statements in this presentation which are not statements of historical facts, including but not limited to those relating to the proposed transactions, are forward-looking statements. These statements instead repr
Slide 3: Miramar Resources - Investment Highlights
Miramar Resources - Investment Highlights For personal use only Uncovering a potential new gold camp at “The cheapest house on the best street” Gidji JV (80%) ▪ Systematic exploration resulting in new gold discoveries Paddington Kanowna Belle ▪ “Paddington lookalike” at Marylebone ▪ Accelerating dri
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only ASX Code M2R Substantial Shareholders % Shares on Issue 70.7M XGS Pty Ltd (Allan Kelly) 9.9 Shareholders ~950 Faraday Nominees Pty Ltd 7.1 Market Capitalisation (@ 8c) $5.6M Top 20 Holders 38.9 Cash $3.5M Board Members 10.8 Enterprise Value $2.1M Experienced
Slide 5: Gidji JV (80%)
Gidji JV (80%) For personal use only Uncovering a potential new gold camp ▪ Strategic land position 15km N of Kalgoorlie, WA ▪ Major regional structure – “Boorara Shear Zone” - along strike from multiple large gold deposits: • Paddington (4 Moz) • Aphrodite (1.7 Moz) • Zoroastrian/Excelsior (0.8 Moz
Slide 6: Capital raising to accelerate Gidji drilling
Capital raising to accelerate Gidji drilling For personal use only Placement (Completed 3 May 2022) ▪ 14.1M Shares placed ($2.4M before costs) Shares ▪ 17c issue price (5.6% discount) Existing Shares on Issue 56.3M ▪ 1 for 2 free attaching Listed Option Placement shares 14.4M • 25c strike price New
Slide 7: Gidji JV - Targets
Gidji JV - Targets For personal use only Camp-scale gold potential ▪ Project-wide targeting completed • Structure • Lithology • Evidence of fluids/mineralisation ▪ 25,000m aircore planned • Boorara North • Blackfriars/Highway • Nickel sulphide targets ▪ 5,000-10,000m RC/DDH follow-up ▪ IP and detail
Slide 8: Deposit model
Deposit model For personal use only GIDJI JV (Witt, 2016) ▪ Flexure/bend in major regional structure ▪ D2 - shearing and Au mineralising event ▪ Competency contrast - rigid rocks sandwiched between softer units (Witt, 2015) ▪ Later cross-cutting D4 faults (NE-SW) trap Au mineralisation 8
Slide 9: Gidji JV - Marylebone
Gidji JV - Marylebone For personal use only Marylebone – potential “Paddington lookalike” ▪ Parallel >1km long aircore gold footprints ▪ Multiple high-grade results up to 13g/t Au ▪ Multiple RC and aircore programmes planned Blackfriars – aircore assays pending ▪ 1km long with results up to 1m @ 11.
Slide 10: Northern Targets
Northern Targets For personal use only Lake ▪ Historic high-grade RC results ▪ Structural jog and demag. zone ▪ No drilling since late 1990’s Boorara North ▪ 4km segment of Boorara Shear Zone ▪ Same geology and structure as Paddington/Marylebone ▪ Nickel potential in Highway U/M ▪ Extensive transpor
Slide 11: Gidji – The Jog
Gidji – The Jog ▪ Dilational jog within Boorara Shear Zone ▪ Dense body (intrusion) at ~150m depth For personal use only ▪ Magnetite destruction (= alteration?) ▪ Soil sampling completed – assays pending Gravity anomaly ▪ RC/Diamond drilling planned 11
Slide 12: Gidji – 8-Mile
Gidji – 8-Mile For personal use only ▪ Potential extension to 300koz “Runway” deposit south of tenement boundary ▪ Strong induced polarisation (IP) anomaly beneath aircore Au-As anomaly ▪ Further IP and diamond drilling planned Miramar 400m NST IP chargeability - looking NW 12
Slide 13: Gidji – Nickel targets
Gidji – Nickel targets For personal use only 15km strike of “Highway Ultramafic” – host to Scotia and Saints nickel deposits Marylebone ▪ Strongly anomalous Ni and Cu results from recent aircore drilling ▪ Increasing MgO towards east indicates potential basal contact ▪ Thickened ultramafic and high
Slide 14: Additional discovery opportunities
Additional discovery opportunities For personal use only Eastern Goldfields ▪ Glandore - high-grade DDH results and large aircore gold footprint on lake ▪ Randalls - unexplored BIF adjacent to high-grade gold deposits Capricorn Orogen ▪ Whaleshark - large IOCG targets beneath shallow cover ▪ Bangema
Slide 15: Glandore - Au
Glandore - Au For personal use only ▪ 40km E of Kalgoorlie ▪ Historic DDH results incl. 4m @ 44.3g/t Au ▪ Large aircore gold footprint under salt lake ▪ NE-striking structures in granodiorite = potential for Majestic-style gold mineralisation ▪ DDH planned – awaiting suitable lake rig 15
Slide 16: Randalls - Au
Randalls - Au For personal use only ▪ 70km E of Kalgoorlie ▪ Folded BIF adjacent to Silver Lake’s high- grade Mt Belches gold mines ▪ High-grade rock chips along strike – Pryde and Logan prospects ▪ Minimal previous exploration/drilling ▪ Aircore drilling to test BIF fold hinges 16
Slide 17: Capricorn Orogen Projects
Capricorn Orogen Projects For personal use only ▪ Proterozoic Orogens host major gold and base metal deposits ▪ WA’s Capricorn Orogen is vastly underexplored by comparison Whaleshark ▪ Large IOCG targets under shallow cover Bangemall Projects ▪ Strategic land position in emerging craton-margin Ni-Cu
Slide 18: Whaleshark – IOCG Potential
Whaleshark – IOCG Potential For personal use only Large IOCG targets under shallow cover ▪ 40km E of Onslow, WA ▪ Overlapping gravity and magnetic anomalies on edge of Prot. granite ▪ Basement mostly <100m ▪ Large MMI Cu-REE-U soil anomalies ▪ Infill gravity planned - followed by interface aircore d
Slide 19: Bangemall Ni-Cu-PGE Projects
Bangemall Ni-Cu-PGE Projects For personal use only Bangemall SW Yilgarn (Julimar etc) Lesher, 2019 Source: Geoscience Australia Record 2016/001 19
Slide 20: Bangemall Ni-Cu-PGE Projects
Bangemall Ni-Cu-PGE Projects For personal use only ▪ Crustal-scale faults ▪ Kulkatharra Dolerite sills = West Musgraves ▪ Regional Ni-Cu-PGE stream sed anomalism ▪ Blue Bar - Ni-Cu rock chip anomalism with Mundine Well dykes ▪ Mt Vernon - multiple late-time VTEM anomalies ▪ Geochem sampling planned
Slide 21: Active exploration across multiple projects
Active exploration across multiple projects For personal use only Target Aircore Project Applications Bedrock Testing Generation Drilling MARYLEBONE 8-Mile Lake Blackfriars Railway GIDJI JV The Jog Piccadilly Highway Claypan Boorara North Nickel targets GLANDORE EAST GLANDORE Lake targets RANDALLS R
Slide 22: Miramar Resources - Summary
Miramar Resources - Summary For personal use only ▪ Systematically uncovering a potential new gold camp at Gidji JV ▪ Paddington “lookalike” at Marylebone and multiple other new gold targets ▪ Regular news flow from active exploration across multiple gold, Ni-Cu-PGE and IOCG projects • High-grade DD
Slide 23: For personal use only
miramarresources.com.au | ASX:M2R
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