Miramar Resources Limited · ASX:M2R
Miramar Resources — Gold Coast Investment Showcase 2024
36 slides from Miramar Resources's conference presentation, Jun 19, 2024
Slide 1: Gold and Critical Minerals Exploration
For personal use only Gold and Critical Minerals Exploration Gold Coast Investment Showcase 19-20 June 2024
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: Strategy
Aim: To create shareholder value through discovery For personal use only Strategy ▪ Explore for in-demand commodities ▪ Acquire underexplored projects in world-class mineral provinces ▪ Systematic exploration using best practise ▪ Maximise exploration YOU ARE HERE spend including through EIS grants
Slide 4: Our key assets
Our key assets For personal use only Project Gidji JV Bangemall Whaleshark 15km N of Gascoyne 40km E of Location Kalgoorlie region Onslow Copper Target Ni-Cu-Co- Gold Gold Commodity PGE’s Magnetite Nova Deposit Paddington Nebo-Babel Ernest Henry Examples Norilsk Existing Yes No Yes Infrastructure 4
Slide 5: Strategic landholding in WA's Eastern Goldfields
Strategic landholding in WA’s Eastern Goldfields For personal use only 636km2 land position in world-class gold province Underexplored camp-scale gold projects • Gidji JV (80%) • Glandore • Randalls Proximity to multiple gold mining and processing operations 5
Slide 6: Gidji JV
For personal use only Gidji JV Potential for a new gold camp
Slide 7: Gidji JV
Gidji JV PADDINGTON “The cheapest house in the best street” For personal use only KANOWNA BELLE ▪ 15km N of Kalgoorlie via major highway GIDJI JV ▪ Surrounded by multiple major gold deposits and gold processing plants 8 Mile Dam (313koz Au) ▪ Immediately adjacent to “8 Mile Dam” deposit Key ingredie
Slide 8: Gidji JV – exploration model
Gidji JV – exploration model “Boorara Shear Zone” D4 – N-S brittle Panglo offset faults For personal use only Dolerite Paddington Dolerite E-W extensional veins (+/- Au mineralisation) form along geological contacts and/or within more brittle units D2 - Compression and sinistral shearing 8
Slide 9: Gidji JV
Gidji JV ▪ 15km strike of Boorara Shear Zone – host to For personal use only multiple significant gold deposits • Paddington (>2Moz) • Boorara/Golden Ridge (450koz) ▪ Aircore drilling has outlined multiple new +1km long gold zones under Gidji Paleochannel • Marylebone • Blackfriars • Highway-Piccadi
Slide 10: 8-Mile
8-Mile Additional offset gravity and aircore EOH anomaly Follow-up IP planned Potential extension to “8 Mile Dam” deposit For personal use only ▪ Aircore EOH results, gravity and IP data highlight bedrock targets offset by NE faults IP, aircore EOH ▪ Follow-up IP and bedrock drilling planned and gra
Slide 11: Marylebone
Marylebone Large gold footprint beneath paleochannel For personal use only ▪ Mafic-U/M-sediments in Boorara Shear Zone ▪ Multiple high-grade aircore gold results ▪ JORC “Exploration Target” outlined from shallow aircore drilling • 1.4 – 3.2Mt @ 1.2 – 1.5g/t Au • (55 – 155koz contained Au) ▪ Further
Slide 12: Blackfriars
Blackfriars “Paddington lookalike” target For personal use only ▪ Dolerite at Black Flag/mafic contact ▪ 1km long aircore anomaly >1g/t Au • GJAC627– 1m @ 11.8g/t Au, 6g/t Ag (EOH) • GJAC674 – 3m @ 1.07g/t Au ▪ Further drilling planned GJAC627 1m @ 11.8g/t Au, 6g/t Ag (EOH) GJRC028 120-121m 12
Slide 13: Bangemall
For personal use only Bangemall A potential new Ni-Cu Province 13
Slide 14: Bangemall Projects
Bangemall Projects Miramar is exploring for Norilsk-style Ni-Cu- For personal use only Co-PGE mineralisation in the underexplored Proterozoic Capricorn Orogen Proterozoic orogens host large mafic intrusion-related Ni-Cu-Co-PGE deposits ▪ Nova-Bollinger ▪ Nebo-Babel ▪ Savannah/Merlin ▪ Raglan ▪ Thomp
Slide 15: Why explore for nickel in the current market?
Q: Why explore for nickel in the current market? A: Because not all nickel deposits are created equal! For personal use only Mafic intrusion-hosted Ni-Cu-Co-PGE deposits are: ✓ Large ▪ 100’s Mt to >1Bt of ore ▪ 0.1Mt to >1Mt of Nickel ✓ Valuable ▪ High-grade/tenor ✓ Low-cost/high-margin Nova Norilsk
Slide 16: Bangemall - potential for a new Ni-Cu Province
Bangemall - potential for a new Ni-Cu Province Prospectivity recognised by For personal use only GSWA, CSIRO and Geoscience Australia Key ingredients for Norilsk-style Ni-Cu-Co-PGE deposits ✓ Kulkatharra Dolerite sills – same age as Nebo-Babel ✓ Major crustal-scale faults - potential plumbing system
Slide 17: Norilsk-style Ni-Cu-Co-PGE deposit model
Norilsk-style Ni-Cu-Co-PGE deposit model For personal use only Barnes et al, 2015 17
Slide 18: Bangemall – exploration progress
Bangemall – exploration progress For personal use only 2020 • Initial tenement applications 2021 • Mount Vernon granted • Dooley Downs granted • Rock chip sampling 2022 • Mt Vernon Magnetic/VTEM survey • Dooley Downs Mags/radiometrics • Rock chip/soil sampling 2023 • Trouble Bore granted • Mount Ver
Slide 19: Mount Vernon and Trouble Bore Targets
Mount Vernon and Trouble Bore Targets ▪ Outcropping sulphides For personal use only ▪ Airborne and ground EM conductors ▪ $180K EIS funding ▪ POW approvals ▪ RC Drilling scheduled for Sept Quarter 2024 Dolerite Siltstone 19
Slide 20: Whaleshark
For personal use only Whaleshark Multi-commodity project in an infrastructure-rich area Fe
Slide 21: Whaleshark
Whaleshark Multi-commodity potential For personal use only ▪ Gold ▪ Copper-Gold ▪ Magnetite iron Infrastructure-rich area ▪ Major highway ▪ Dampier-Bunbury Natural Gas Pipeline ▪ Port facilities ▪ Multiple DSO hematite and magnetite mines/processors 21
Slide 22: Whaleshark – multi-commodity potential
Whaleshark – multi-commodity potential Gold For personal use only ▪ Historic diamond drilling intersected gold in BIF ▪ Multiple structural and/or geochemical targets Copper-Gold ▪ IOCG pathfinders in MMI soils and shallow aircore drilling ▪ Copper sulphides intersected in 2023 diamond drilling Magn
Slide 23: Significant magnetite Exploration Target
Fe Significant magnetite Exploration Target* For personal use only Tonnage Range Grade Range (Mt) (Fe %) Domain Lower Upper Lower Upper Whaleshark 128 384 Blackfish North 158 1,050 Blackfish South 126 919 TOTAL (Mt) 411 2,353 25 30 Cautionary Statement: The Exploration Target has been prepared and r
Slide 24: Summary
24 For personal use only Summary
Slide 25: Extensive Target Pipeline
Extensive Target Pipeline For personal use only Geochemical Tenement Aircore Bedrock Resource /Geophysical Applications anomalism intersections Delineation anomalism The Jog 8-Mile Lake Yindarlgooda Blackfriars Marylebone Porphyry Venetian Blackfriars Highway Randalls Railway Randalls Mount Vernon P
Slide 26: Experienced Board
Experienced Board For personal use only Allan Kelly Executive Chairman • 30 years’ exploration-development-production experience 7% • Founding MD, Doray Minerals Ltd (2009-2016) 6% • AMEC “Prospector” Award – 2014 5% Marion Bush Technical Director • 25 years' experience in exploration, management, d
Slide 27: Rights Issue for eligible Shareholders
Rights Issue for eligible Shareholders Placement completed 4 April 2024 For personal use only Shares Options ▪ $0.6M raised (before costs) Shares on Issue (Mar 24) 148,869,544 96,542,589 ▪ 1.2c issue price Placement Shares (Apr 24) 37,217,386 74,434,772 ▪ Directors intending to subscribe for $100K*
Slide 28: 2024 Objectives
2024 Objectives For personal use only Gidji JV ▪ IP survey over 8-Mile target ▪ Drill test 8-Mile and Blackfriars targets Bangemall ▪ Rock chip sampling ▪ EIS co-funded RC drilling (Mt Vernon and Trouble Bore) Whaleshark ▪ Passive seismic survey – completed ▪ Examine magnetite potential Other Projec
Slide 29: Why Invest in Miramar?
Why Invest in Miramar? For personal use only Multi- Exploring a new commodity Ni-Cu-Co-PGE potential at Province Whaleshark Board track Potential new record gold camp at Tight register Gidji JV Substantial Very low EV value upside 29
Slide 30: For personal use only
For personal use only T:+ 61 8 6166 6302 | E: info@miramarresources.com.au
Slide 31: Additional Projects
For personal use only Additional Projects
Slide 32: Glandore
Glandore ▪ 40km E of Kalgoorlie - close to existing/ For personal use only proposed gold processing plants ▪ Layered mafic sill intruded by granodiorite – similar geology/structure to Majestic (500koz) GLANDORE EAST ▪ Large aircore footprint >1g/t Au under salt lake Multiple high-grade intersections
Slide 33: Randalls Projects
Randalls Projects Underexplored projects on major structures For personal use only Lake Yindarlgooda ▪ 11km strike of aircore gold anomalism ▪ Similar geology/structure to 2Moz Invincible gold deposit (St Ives) Venetian ▪ Sporadic historic RAB drilling Randalls ▪ Folded BIF adjacent to high-grade go
Slide 34: Lake Yindarlgooda – significant gold potential
Lake Yindarlgooda – significant gold potential For personal use only Saint Ives Gold Deposits Lake Yindarlgooda • Production ~370kozpa • Reserve 2.6Moz • Resource 2.0Moz 34
Slide 35: Chain Pool (Cu-Pb-Ag)
Joy Helen Workings Chain Pool (Cu-Pb-Ag) For personal use only 35
Slide 36: Carnarvon Sands (heavy mineral sands +/- REE's)
Carnarvon Sands (heavy mineral sands +/- REE’s) For personal use only 36
Miramar Resources — Gold Coast Investment Showcase 2024 on 6ix