Miramar Resources Limited · ASX:M2R
Miramar Resources — RIU Sydney Resources Roundup 2021
24 slides from Miramar Resources's conference presentation, May 6, 2021
Slide 1: Miramar Resources Ltd
For personal use only Miramar Resources Ltd “Creating shareholder value through discovery” RIU Sydney Resources Roundup – May 2021 Allan Kelly – Executive Chairman 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 Limited
Miramar Resources Limited For personal use only “Exploring on Kalgoorlie’s doorstep” ▪ WA-focussed mineral exploration company Paddington GIDJI JV Kanowna ▪ Exploring for gold in the Belle Eastern Goldfields ▪ Additional discovery opportunities in the Mt Charlotte Murchison/Gascoyne Super Pit ▪ Stra
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only ASX Code M2R Experienced Board Shares on Issue 55.1M Allan Kelly • Geologist/Geochemist/Manager Market Cap (@ 25c) $13.8M (Executive • 25+ years experience in mineral Chairman) exploration, development and Cash (31 March 21) $6.0M production in Aus and North
Slide 5: Eastern Goldfields Projects
Eastern Goldfields Projects For personal use only ▪ Underexplored projects near existing mining and processing operations: • Gidji JV (80%) – strategic land position within regional structure • Glandore – 2km long zones of underexplored gold mineralisation • Randalls – folded BIF adjacent to Silver
Slide 6: Gidji JV
Gidji JV For personal use only ▪ Strategic location 15km N of Kalgoorlie - along strike from major deposits ▪ 15km of strike of major regional structure with 50% of tenements yet to be granted ▪ Phase 1 aircore (Dec 20) identified multiple new targets: • Marylebone • Railway • Piccadilly ▪ Phase 2 a
Slide 7: 8-Mile – Runway extension
8-Mile – Runway extension For personal use only Tenement “Runway” (KCGM): Boundary ▪ West dipping intrusive SE “Runway” “8-Mile” NW • 76m @ 1.39g/t Au • 28m @ 2.19g/t Au • 281m @ 1.03g/t Au GJDD003 EMD0031/32 • 229m @ 1.64g/t Au (Hanging wall not assayed) ▪ High-grade quartz veins • 4m @ 5.96g/t Au
Slide 8: 8-Mile Drilling
8-Mile Drilling For personal use only Visible gold in hanging wall quartz vein (GJDD002) Hanging wall sediments “Runway Foot wall Quartz/sulphide Porphyry” sediments breccia (GJDD002) 8
Slide 9: Marylebone
Marylebone For personal use only ▪ New target with similar geology, structure and scale to nearby Paddington deposit ▪ Poorly drill tested prior to Miramar ▪ Phase 1 aircore drilling (Dec 20) • 1.6km x 300m anomaly >0.1g/t Au • visible gold in oxidised quartz vein o 2m @ 7.7g/t Au ▪ Phase 2 aircore
Slide 10: Marylebone is a Paddington lookalike
Marylebone is a Paddington lookalike For personal use only Similar: ✓ Geology ✓ Structure ✓ Scale Paddington: • Discovered 1984 • 4Moz produced • 6Moz Resource Paddington deposit geology/structure (Morey et al, 2007) 10
Slide 11: Railway
Railway For personal use only ▪ Phase 1 aircore (Dec 20) • 400m long target >0.1g/t Au ▪ Phase 2 aircore (Mar 21) • extends strike to over 1km • several holes end in >0.25g/t Au ▪ Intersection of WNW and NW trending structures? ▪ Bedrock testing planned 11
Slide 12: Piccadilly
Piccadilly For personal use only ▪ New target halfway between 8-Mile and Marylebone ▪ Phase 1 aircore • 850m x 300m aircore gold anomaly • peak value 1m @ 4.5g/t Au (EOH) ▪ Phase 2 infill aircore completed • awaiting results ▪ Reprocessing of geophysical data suggests buried intrusion at intersectio
Slide 13: Gidji – Next Steps
Gidji – Next Steps For personal use only ▪ Follow-up aircore/RC • Marylebone • Railway • Piccadilly ▪ Step-out RC/diamond drilling at 8-Mile ▪ Examine various geophysical methods to assist in drill targeting ✓ Historic gravity reprocessed ✓ Orientation IP survey completed • Ground magnetics at Maryl
Slide 14: Glandore
Glandore For personal use only ▪ Located 40km east of Kalgoorlie - close to mining and processing infrastructure ▪ Under-explored due to salt lake cover ▪ Maiden drilling programmes planned ▪ Heritage approvals received – Feb 21 14
Slide 15: Glandore
Glandore For personal use only ▪ Widespread gold anomalism related to layered mafic complex intruded by granite ▪ Limited deep drilling (av. depth = 45m) ▪ East Target – mineralisation over 2km • 8m @ 22.5g/t Au • 4.1m @ 3.12g/t Au • 5m @ 1.76g/t Au • Remains open to south for ~800m ▪ West Target -
Slide 16: Murchison Projects
Murchison Projects For personal use only ▪ Large projects covering under-explored greenstone belts • Lang Well – high-grade historic rock chip samples and multiple untested auger anomalies – aircore planned • Lakeside – untested 8km long auger anomaly in concealed greenstone belt • Garden Gully – so
Slide 17: Gascoyne region projects
Gascoyne region projects For personal use only Two projects located within the Proterozoic Capricorn Orogen ▪ Whaleshark • Large BIF complex under Carnarvon Basin sediments ▪ Bangemall (Ni-Cu-PGE) • Strategic landholding in emerging province • Mineral potential recognised by state/federal government
Slide 18: Whaleshark
Whaleshark For personal use only ▪ Large folded BIF intruded by granite ▪ Prospective for • BIF-hosted gold • IOCG ▪ Depth to basement ~120m ▪ Historic drilling intersected gold in sulphidised BIF ▪ Work planned (Sept Qtr) • MMI soil sampling • Infill gravity • Ground/airborne EM 18
Slide 19: Geoscience Australia Ni-Cu-PGE "Atlas"
Geoscience Australia Ni-Cu-PGE “Atlas” For personal use only ▪ 2016 continental–scale assessment of tholeiitic intrusion-hosted Ni-Cu-PGE Bangemall mineral potential ▪ Combined evidence of four key mineral system components ▪ Highlighted several areas not previously recognised • Southwest WA – Julim
Slide 20: Bangemall – Mt Vernon
Bangemall – Mt Vernon For personal use only Tenement granted Jan 2021 Key ingredients: ▪ Located between two major crustal-scale faults ▪ Numerous Proterozoic dolerite dykes/sills ▪ Ni-Cu-PGE stream sediment anomalism ▪ Large late-time AEM conductors ▪ Minimal Ni-Cu-PGE exploration ▪ EM survey plann
Slide 21: Developing a pipeline of targets
Developing a pipeline of targets For personal use only Tenement Target Advanced Resource Project Drill Testing Applications Generation Exploration Delineation The Jog Piccadilly 8-Mile Gidji JV Claypan Railway Marylebone Lake Glandore Glandore EL Glandore West Glandore East Randalls Randalls Lang We
Slide 22: 2021 work programme and news flow
2021 work programme and news flow For personal use only Region Project Mar 21 Qtr Jun 21 Qtr Sep 21 Qtr Dec 21 Qtr Aircore Gidji JV RC DDH Eastern Goldfields gravity Glandore Aircore/Lake drilling Randalls Tenement grant? Geochem/GPX Aircore/RC Lang Well gravity Aircore drilling Murchison Garden Gul
Slide 23: Summary
Summary For personal use only Miramar has the key ingredients to create value through discovery: ▪ People - Board track record of successful discovery, development and production ▪ Projects - Highly prospective projects in world class locations ▪ Funding - Well funded after $8M IPO Since listing in
Slide 24: For personal use only
miramarresources.com.au | ASX:M2R
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