Miramar Resources Limited · ASX:M2R
Miramar Resources — Shareholder Meeting (November 2023)
24 slides from Miramar Resources's shareholder meeting presentation, Nov 9, 2023
Slide 1: AGM Presentation
For personal use only AGM Presentation 9 November 2023
Slide 2: Disclaimer/Competent Person Statement
Disclaimer/Competent Person Statement Forward-Looking Statements For personal use only 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: Aiming to create value through discovery
Aiming to create value through discovery For personal use only Advancing multiple discovery opportunities in WA • Exploring for WA’s first IOCG deposit at Whaleshark • Multiple large Ni-Cu-PGE targets within Bangemall project tenements • Potential new gold camp identified at Gidji JV • Board track r
Slide 4: Exploring for in-demand commodities
Exploring for in-demand commodities… For personal use only Au Ni Cu 4
Slide 5: Experienced Board with track record
Experienced Board with track record Allan Kelly ASX Code M2R For personal use only Executive Chairman • 30 years’ exploration-development-production experience Shares on Issue 148.9M • Founding MD, Doray Minerals Ltd (2009-2016) Listed Options (@25c) 59.7M • AMEC “Prospector” Award – 2014 Market Cap
Slide 6: 2022-2023 Summary
2022-2023 Summary For personal use only Whaleshark • Aircore EOH results upgrade IOCG potential • Successful EIS application • Initial 3-hole DD programme completed • Copper mineralisation intersected in 2 holes Bangemall • High priority Ni-Cu-PGE targets identified at Mt Vernon with outcropping sul
Slide 7: Whaleshark Iron Oxide Copper Gold (IOCG) Project
For personal use only Whaleshark Iron Oxide Copper Gold (IOCG) Project
Slide 8: Whaleshark
Whaleshark For personal use only Looking for WA’s first IOCG deposit • Proterozoic granitoid and iron formation beneath Carnarvon Basin sediments • Basement depth <150m • Many similarities to large IOCG deposits in South Australia and Queensland • Significant infrastructure nearby 8
Slide 9: IOCG deposits
IOCG deposits For personal use only • Large size - 100’s of Mt to >1Bt • Attractive grade - 1% Cu and 1g/t Au • Potential by-products – Ag, Co, U, REE’s • Relatively simple metallurgy Pirajno, 2000 9
Slide 10: Whaleshark
Whaleshark For personal use only 2020 • Tenement application 2021 • Tenement granted • MMI soil sampling outlines Cu-Au-Ag- U-Mo-REE anomalies 2022 • “Interface” aircore drilling intersects Cu-Au-Ag-Co anomalies in basement 2023 • EIS diamond drilling intersects copper sulphides and IOCG pathfinders
Slide 11: 2023 Diamond Drilling
2023 Diamond Drilling • 3 DDH’s completed for ~1,000m For personal use only • Tested gravity/MMI/aircore anomaly and NW structure • Drilling intersected biotite granodiorite and diorite - gravity anomaly not explained • Chalcopyrite intersected in 2 holes - confirmed by XRF and assays • Anomalous Cu
Slide 12: 2023 Diamond Drilling
2023 Diamond Drilling For personal use only WSDD002 - XRF data 10.00 1.00 0.88 0.64 0.97 1.29 0.10 Cu % 0.01 0.00 0.00 0 50 100 150 200 250 300 WSDD002 Depth (m) Chalcopyrite seam in shear WSDD001 - Chalcopyrite WSDD002 Hematite raft in shear 12
Slide 13: Bangemall Ni-Cu-PGE Projects
For personal use only Bangemall Ni-Cu-PGE Projects 13
Slide 14: Bangemall Ni-Cu-PGE Projects
Bangemall Ni-Cu-PGE Projects For personal use only • Significant land position at western end of Warakurna Large Igneous Province • Kulkatharra Dolerite sills - same age as the Nebo and Babel Ni-Cu deposits • Regional geochem and EM anomalies • No previous Ni-Cu-PGE exploration Morris and Pirajno, 2
Slide 15: Bangemall Ni-Cu-PGE model
Bangemall Ni-Cu-PGE model For personal use only Dolerite sill Sulphidic sediments Lesher, 2016 15
Slide 16: Mount Vernon Project
Mount Vernon Project For personal use only • Kulkatharra Dolerite sills intruding into sulphidic sediments (S-source) • Anomalous PGE in GSWA stream sediments • Elevated Ni-Cu-Pd-Pt in historic rock chip and soil samples • Previous exploration and drilling targeted Cu-Pb-Zn in sediments • Multiple l
Slide 17: "Vernon Gap" Target
“Vernon Gap” Target For personal use only • 600m long late-time VTEM anomaly beneath dolerite sill • Ni-Cu-Pd-Pt in rock chips/soils • Outcropping sulphides • Ground EM and RC drilling planned 17
Slide 18: Gidji JV (M2R 80%)
For personal use only Gidji JV (M2R 80%)
Slide 19: Gidji JV
Gidji JV For personal use only Underexplored gold project in prime location 15km N of Kalgoorlie - surrounded by multiple major gold deposits and processing plants Dilational jog in major regional structure – Boorara Shear Zone Transported cover hampered previous exploration – minimal effectiv
Slide 20: Gidji JV
Gidji JV Aircore drilling completed during 2021-22 outlined For personal use only four new gold discoveries under transported cover Multiple high-grade gold results including: • 3m @ 7.12g/t Au • 2m @ 7.69g/t Au • 6m @ 2.21g/t Au • 1m @ 12.6g/t Au • 1m @ 11.8g/t Au (EOH) (Blackfriars) • 1m @ 9.5
Slide 21: Miramar Projects – at a glance
Miramar Projects – at a glance Geochem For personal use only Granted Aircore Bedrock Resource Project Target /Geophys Tenements anomalism Mineralisation definition anomalies Whaleshark IOCG Bangemall Ni-Cu-PGE’s (Mt Vernon) Gidji JV Au +/- Ni Glandore Au 21
Slide 22: 2023-24 Aims
2023-24 Aims For personal use only Whaleshark • Heritage Survey • Complete aircore drilling of MMI anomalies • Diamond drill test magnetic anomalies Bangemall (Mt Vernon) • Ground EM of selected VTEM targets • RC drilling • Grant of other tenements Gidji JV • Work up RC/DD drill targets Other • Proj
Slide 23: Why Miramar Resources?
Why Miramar Resources? For personal use only Multiple large Strategic Ni-Cu-PGE targets Eastern at Bangemall Goldfields landholding Substantial Looking for Value Tight Share WA’s first Upside Register IOCG deposit Very low EV Track record of discovery, development and production 23
Slide 24: For personal use only
For personal use only T:+ 61 8 6166 6302 | E: info@miramarresources.com.au
Miramar Resources — Shareholder Meeting (November 2023) on 6ix