Miramar Resources Limited · ASX:M2R
Miramar Resources — Investor Presentation (December 2023)
24 slides from Miramar Resources's investor presentation, Dec 19, 2023
Slide 1: Investor Update December 2023
For personal use only Investor Update December 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 Systematically advancing three large discovery opportunities across WA ▪ Multiple large Ni-Cu-PGE targets within Bangemall project tenements ▪ Whaleshark – unique landholding with multi- commodity potential ▪ Potential for a new gold cam
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 proven track record
Experienced Board with proven track record For personal use only Allan Kelly ASX Code M2R 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 Ma
Slide 6: Gascoyne Region Projects
Gascoyne Region Projects ▪ Proterozoic Orogens host For personal use only major mineral deposits ▪ The Capricorn Orogen is relatively underexplored despite potential for multiple commodities and deposit types • Ni-Cu-PGE’s • IOCG • Gold (e.g. Mt Olympus) • Lithium (e.g. Yinnetharra) • REE’s (e.g. Ya
Slide 7: Bangemall Ni-Cu-PGE Projects
For personal use only Bangemall Ni-Cu-PGE Projects 7
Slide 8: Bangemall Ni-Cu-PGE Projects
Bangemall Ni-Cu-PGE Projects For personal use only ▪ Western end of Warakurna Large Igneous Province ▪ Major crustal-scale faults/conduits ▪ Kulkatharra Dolerite sills - same age as the West Musgraves Giles Complex ▪ Regional geochem and EM anomalies ▪ No previous Ni-Cu-PGE exploration Morris and Pi
Slide 9: Bangemall Ni-Cu-PGE Model
Bangemall Ni-Cu-PGE Model For personal use only Capricorn Orogen Seismic Line CP2 Lesher, 2016 Major crustal-scale faults provide conduits for emplacement of Ni-Cu-PGE bearing mafic magma into Collier Basin sediments 9
Slide 10: Bangemall - Mount Vernon
Bangemall - Mount Vernon For personal use only ▪ Kulkatharra Dolerite sills intruding into pyritic siltstones (Suphur-source) ▪ Anomalous PGE’s in GSWA regional stream sediments ▪ Elevated Ni-Cu-Pd-Pt in historic rock chip and soil samples ▪ Multiple late-time VTEM anomalies along basal contact of d
Slide 11: "Vernon Gap" - high priority drill target
“Vernon Gap” - high priority drill target For personal use only ▪ 600m long late-time VTEM anomaly beneath dolerite ▪ Elevated Ni-Cu-Pd-Pt in historic rock chips and soils ▪ Outcropping sulphides ▪ Ground EM/drilling planned 11
Slide 12: Whaleshark Project
For personal use only Project Whaleshark
Slide 13: Whaleshark Project
Whaleshark Project ▪ Granodiorite and iron formation For personal use only under Carnarvon Basin ▪ Multi-commodity potential • Iron oxide copper gold • BIF - hosted gold • Intrusion - related gold • Magnetite iron ore ▪ Significant infrastructure: • NW Coastal Highway • Dampier-Bunbury natural gas p
Slide 14: Systematic exploration since tenement grant
Systematic exploration since tenement grant For personal use only 2020 • Tenement application 2021 • Tenement granted • First-pass MMI soil sampling • Infill MMI soil sampling 2022 • “Interface” aircore drilling intersects Cu-Au-Ag-Co anomalism 2023 • EIS diamond drilling intersects copper sulphides
Slide 15: 2022 Aircore Drilling
2022 Aircore Drilling For personal use only ▪ Aircore drilling beneath MMI anomalies successfully intersected basement beneath Cretaceous sediments Basement ▪ Basement intersected at 20 –126m ▪ Strongly anomalous Cu-Au-Co-Mo-U-W at basement unconformity Cretaceous • 435ppm Cu, 889ppm Co and 7.7g/t A
Slide 16: 2023 Diamond Drilling WSDD002
2023 Diamond Drilling WSDD002 Chalcopyrite in shear 0.4m @ 0.2% Cu and 1.1g/t Ag For personal use only ▪ 3 x EIS co-funded DDH’s tested coincident gravity/MMI/aircore anomaly ▪ Drilling intersected biotite granodiorite with multiple biotite-rich mafic xenoliths ▪ Chalcopyrite intersected in 2 holes
Slide 17: Magnetite Iron Targets
Magnetite Iron Targets For personal use only ▪ Historic drilling intersected magnetite-rich BIF • 84.7m @ 25.2% Fe • 54.6m @ 30.0% Fe ▪ Similarities to other magnetite iron deposits 17
Slide 18: Next Steps
Next Steps Exploration to date provides evidence of: For personal use only ▪ Prospective geology under shallow cover ▪ Effectiveness of aircore drilling ▪ Bedrock copper and gold mineralisation ▪ Thick intervals of magnetite iron >25% Fe 2024 work programme ▪ Passive seismic survey to map basement t
Slide 19: Gidji JV (M2R 80%)
For personal use only Gidji JV (M2R 80%)
Slide 20: Gidji JV - Underexplored gold project in prime location
Gidji JV Paddington Kanowna Belle For personal use only Gidji JV Underexplored gold project in prime location ▪ 15km N of Kalgoorlie - surrounded by multiple major deposits and processing plants ▪ Dilational jog in major mineralised structure – Boorara Shear Zone Mt Charlotte ▪ Previous exploration
Slide 21: Gidji JV - Aircore drilling outlines multiple new gold occurrences
Gidji JV Aircore drilling outlines multiple new gold For personal use only occurrences ▪ Marylebone • 3m @ 7.12g/t Au • 2m @ 7.69g/t Au • 6m @ 2.21g/t Au • 1m @ 12.60g/t Au • 4m @ 3.00g/t Au • 1m @ 9.55g/t Au ▪ Blackfriars • 1m @ 11.8g/t Au and 6g/t Ag (EOH) ▪ Highway • 3m @ 3.78g/t Au ▪ Further air
Slide 22: 2024 Work Plan
2024 Work Plan For personal use only Bangemall (Mt Vernon) ▪ Ground EM ▪ RC drilling (EIS funding?) ▪ Grant of other tenements Whaleshark ▪ Passive seismic survey ▪ Heritage Survey ▪ Aircore drilling Gidji JV ▪ Work up RC/DD drill targets Other ▪ Project rationalization 22
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 On the hunt 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 — Investor Presentation (December 2023) on 6ix