Miramar Resources Limited · ASX:M2R
Miramar Resources — Investor Presentation (August 2023)
20 slides from Miramar Resources's investor presentation, Aug 1, 2023
Slide 1: Investor Update – August 2023
For personal use only Cu Au Ni INVESTOR UPDATE – AUGUST 2023 ASX: M2R
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 Multiple large discovery opportunities For personal use only Capricorn Orogen WHALESHARK Projects ▪ Large shallow IOCG targets at Whaleshark Onslow • (e.g. Ernest Henry, Carrapateena) BANGEMALL ▪ Multiple Ni-Cu-PGE targets at Bangemall • (e.g. Nova, Nebo-Babe
Slide 4: Capricorn Orogen – emerging province
Capricorn Orogen – emerging province For personal use only ▪ Proterozoic orogens host major mineral deposits worldwide ▪ WA’s Capricorn Orogen is underexplored but highly prospective for multiple commodities and deposit types • IOCG (Whaleshark) • Ni-Cu-PGE’s (Bangemall) WHALESHARK • Lithium (Yinnet
Slide 5: Whaleshark – large shallow IOCG targets
Whaleshark – large shallow IOCG targets For personal use only ▪ 40 km east of Onslow ▪ Proterozoic basement under Carnarvon Basin ▪ Significant existing and planned infrastructure • Major highway • Gas pipeline • Port facilities • Proposed haul road 5
Slide 6: Whaleshark – large shallow IOCG targets
Whaleshark – large shallow IOCG targets ▪ Large granite and folded For personal use only BIF under basin ▪ Gravity and MMI soil anomaly within NW- trending structure in “neck” of granite ▪ 2022 aircore drilling • Shallow basement • Cu-Co-Au-Ag-Re- Ce-La anomalism • Na + K alteration • Sulphides 6
Slide 7: Whaleshark – large shallow IOCG targets
Whaleshark – large shallow IOCG targets For personal use only Key ingredients for a large IOCG deposit ✓ Proterozoic granite with iron-rich rocks ✓ Gravity and magnetic anomalism ✓ Strongly anomalous “interface” aircore Proterozoic geochemistry basement Tertiary ✓ Sodic and potassic alteration ✓ Sha
Slide 8: Whaleshark – massive size potential
Whaleshark – massive size potential For personal use only Oak Dam West IOCG Deposit (South Aus) Exploration Target: 0.5 - 1.7 Bt @ 0.8 – 1.1% Cu BHP, 20/7/23 8
Slide 9: Bangemall Ni-Cu-PGE Projects
Bangemall Ni-Cu-PGE Projects For personal use only Potential for Norilsk-style Ni-Cu-PGEs ✓ Craton margin ✓ Crustal-scale structures and cross-cutting faults ✓ Extensive volumes of mafic magma ✓ Regional Ni-Cu-PGE signatures • GSWA geochem • Capricorn EM 9
Slide 10: Bangemall Ni-Cu-PGE model
Bangemall Ni-Cu-PGE model For personal use only Warakurna Large Igneous Province (LIP) ▪ Widespread mafic intrusive event related to mantle plume ▪ Bangemall – 1070Ma Kulkatharra Dolerite ▪ West Musgraves – 1078Ma Giles Complex • Nebo and Babel deposits (1.2Mt Ni, 1.3 Mt Cu) Wingate, 2004 10
Slide 11: Bangemall Ni-Cu-PGE model
Bangemall Ni-Cu-PGE model For personal use only Intrusion-hosted Ni-Cu-PGE potential Bangemall Morris and Pirajno, 2005 Julimar Geoscience Australia Report 2016/01 Lesher, 2016 11
Slide 12: Bangemall - Mount Vernon
Bangemall - Mount Vernon For personal use only ▪ Multiple Kulkatharra Dolerite sills intruding into sulphidic sediments ▪ >30km of basal contact ▪ Multiple rock chips with elevated Ni and Cu ▪ Limited historic drilling targeted Cu-Pb-Zn ▪ 2022 VTEM survey identified multiple late- time anomalies 12
Slide 13: Bangemall - Mount Vernon
Bangemall - Mount Vernon For personal use only Large late-time EM anomaly at base of dolerite sill above sulphidic sediments 13
Slide 14: Eastern Goldfields Projects
Eastern Goldfields Projects Strategic land position in For personal use only world-class gold province Gidji JV ▪ Potential for a new gold camp close to Kalgoorlie ▪ Shallow 100koz gold Exploration Target outlined at Marylebone* Glandore ▪ Multiple high-grade gold results from lake drilling * See AS
Slide 15: Gidji JV "the cheapest house on the best street"
Gidji JV “the cheapest house on the best street” For personal use only Paddington ▪ 15km N of Kalgoorlie Kanowna Belle ▪ Dilational jog within major regional structure GIDJI JV ▪ Proximity to multiple Runway Mt Charlotte large gold deposits ▪ Multiple large aircore gold footprints outlined Kalgoorli
Slide 16: Gidji JV – Marylebone and Blackfriars
Gidji JV – Marylebone and Blackfriars For personal use only Similar Witt, 2016 • Geology • Structure • Scale Mount Charlotte Witt, 2016 16
Slide 17: Exploration Target Portfolio
Exploration Target Portfolio Exploration Stage -> For personal use only Target Geochem/Geophys Initial Drill Economic Resource Generation targets Testing grade/widths Delineation Discovery Opportunity Size -> • Mt Vernon • Whaleshark • Marylebone • Blue Bar • The Jog • Blackfriars • Glandore East •
Slide 18: Corporate Snapshot
Corporate Snapshot (* pro-forma following completion of capital raising) ASX Code M2R Substantial Shareholders % For personal use only Shares on Issue (pro-forma) 150M* XGS Pty Ltd (Allan Kelly) 9.6 Listed Options (@25c) 59.7M Faraday Nominees Pty Ltd 8.7 Market Cap (@ 4.5c) $6.8M Top 20 Holders 45.
Slide 19: Miramar Resources
Miramar Resources “Aiming to create shareholder value through discovery For personal use only of world-class mineral deposits” Multiple large Ni-Cu-PGE targets in Bangemall Large IOCG targets Potential new gold at Whaleshark camp at Gidji JV Substantial Experienced Board Value Very low EV Upside 19
Slide 20: For personal use only
miramarresources.com.au | ASX:M2R
Miramar Resources — Investor Presentation (August 2023) on 6ix