Miramar Resources Limited · ASX:M2R
Miramar Resources — Investor Presentation (April 2022)
25 slides from Miramar Resources's investor presentation, Apr 11, 2022
Slide 1: Miramar Resources Ltd Investor Update – April 2022
For personal use only Miramar Resources Ltd “Creating shareholder value through discovery” Investor Update – April 2022 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 - Investment Highlights
Miramar Resources - Investment Highlights For personal use only WA focussed mineral exploration company ▪ Listed on ASX in Oct 2020 following $8M IPO ▪ Exploring an emerging new gold camp at Gidji JV - 15km N of Kalgoorlie ▪ Very large gold system outlined at Glandore with historic DDH results up to
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only ASX Code M2R Substantial Shareholders % Shares on Issue 56.3M XGS Pty Ltd (Allan Kelly) 11.9 Shareholders ~760 Faraday Nominees Pty Ltd 6.3 Market Capitalisation (@ 19c) $10.7M Top 20 Holders 43.0 Cash (@ 31 Dec 21) $3M Combined Board 13.0 Enterprise Value $7
Slide 5: Project Portfolio
Project Portfolio For personal use only Gidji JV (80%) – Au and Ni • Potential new gold camp 15km N of Kalgoorlie • Paddington “lookalike” target at Marylebone • Multiple drill targets identified for testing • Nickel sulphide potential Glandore - Au • Underexplored project 40km E of Kalgoorlie • Hig
Slide 6: Gidji JV (80%) – Potential new gold camp
Gidji JV (80%) – Potential new gold camp For personal use only Underexplored strategic land position 15km north of Kalgoorlie, WA ▪ 15km long segment of major regional Paddington structure – “Boorara Shear Zone” Kanowna Belle ▪ Along strike from large gold deposits: • Paddington (4 Moz) GIDJI JV • A
Slide 7: Gidji – new discoveries
Gidji – new discoveries For personal use only Marylebone ▪ >2km long aircore gold footprint with multiple results >5g/t Au and up to 13g/t Au ▪ Open to NW – assays pending ▪ Same geology, structure and scale as 4Moz Paddington deposit Blackfriars ▪ 1km footprint with results up to 1m @ 11.8g/t Au ▪
Slide 8: Gidji – deposit model
Gidji – deposit model For personal use only ▪ Flexure in Boorara Shear Zone ▪ Sinistral strike-parallel D2 shearing (and Au mineralisation) ▪ Later cross-cutting brittle D4 faults (Witt, 2016) 8
Slide 9: Gidji – huge upside
Gidji – huge upside For personal use only Underexplored strategic land position with potential for multiple new deposits ▪ 15km strike of major mineralised structure – “Boorara Shear Zone” ▪ Transported cover hampered previous exploration - most previous drilling <50m ▪ Multiple targets to be tested
Slide 10: Gidji – 8-Mile
Gidji – 8-Mile For personal use only ▪ 300koz “Runway” deposit immediately south of tenement boundary ▪ NST currently active at Runway ▪ 8-Mile aircore anomaly unexplained ▪ EIS application for 2 x deep DDH’s Looking south towards Runway and NST Drill rigs 10
Slide 11: Gidji – The Jog
Gidji – The Jog Dilational jog within Boorara Shear Zone ▪ Dense body at ~150m depth = intrusion? For personal use only ▪ Magnetite destruction = potential alteration +/- gold mineralisation ▪ Never drilled – subcropping mafic rocks ▪ Soil sampling to be followed by Gravity anomaly RC/Diamond drilli
Slide 12: Glandore - Au
Glandore - Au For personal use only ▪ Large new aircore gold footprint under salt lake - 40km E of Kalgoorlie ▪ Historic DDH results incl. 4m @ 44.3g/t Au ▪ Multiple NE-striking structures in granodiorite = potential for Majestic-style gold mineralisation ▪ Lake diamond drilling planned for Q2 2022
Slide 13: Glandore East
Glandore East For personal use only 05GDDD003 3m @ 3g/t Au (51m) and 4m @ 44.3g/t Au (87m) ▪ High-grade historic DDH results on Incl. 1m @ 161g/t Au eastern edge of granodiorite GLD007R 4.1m @ 3.12g/t Au (55m) ▪ West-dipping quartz veins below thin lake 600m 05GDDD005 sediments 1m @ 8.68g/t Au (70m)
Slide 14: Capricorn Orogen Projects
Capricorn Orogen Projects For personal use only ▪ WA’s Proterozoic Orogens host major gold and base metal deposits ▪ The Capricorn Orogen is relatively underexplored Whaleshark ▪ Large IOCG targets under shallow cover Bangemall Projects ▪ Strategic land position in emerging craton-margin Ni-Cu-PGE p
Slide 15: Whaleshark – Cu-Au potential
Whaleshark – Cu-Au potential For personal use only Large IOCG targets under shallow cover ▪ 40km E of Onslow, WA ▪ Folded BIF intruded by granite ▪ Basement mostly <100m ▪ Overlapping gravity and magnetic anomalies ▪ Large MMI Cu-REE-U soil anomalies ▪ Planned work (Q2-Q3) • Infill gravity +/- EM •
Slide 16: Whaleshark
Whaleshark For personal use only “Interface” aircore drilling targeting geochemical anomalism at unconformity between Proterozoic basement and overlying sediments Ernest Henry IOCG Deposit, Queensland (Lilley and Hannan, 2016) 16
Slide 17: Bangemall Ni-Cu-PGE Projects
Bangemall Ni-Cu-PGE Projects For personal use only Key ingredients for Ni-Cu-PGE’s ✓ Craton margin and/or crustal-scale faults ✓ Large volumes of S-undersaturated magma ✓ External S source (e.g. sulphidic seds) ✓ Dynamic high-flow environment Bangemall ✓ Favourable site(s) for deposition SW Yilgarn
Slide 18: Bangemall - Mt Vernon
Bangemall - Mt Vernon For personal use only ▪ Historic Ni-Cu-PGE soil anomalies related to Prot. dolerite sills ▪ Jan 22 VTEM survey • Multiple late-time anomalies • Possible intrusion ▪ Follow-up work (Q2-3) • Soil/rock chip traverses • Ground EM • RC/DD Drilling 18
Slide 19: Project pipeline = significant value upside
Project pipeline = significant value upside For personal use only Target Aircore Project Applications Bedrock Testing Generation Drilling MARYLEBONE Railway 8-Mile The Jog GIDJI JV Piccadilly Blackfriars Claypan Highway Lake Boorara North Nickel targets GLANDORE EAST GLANDORE Other targets RANDALLS
Slide 20: Active exploration = regular news flow
Active exploration = regular news flow For personal use only Project Target Mar Apr May Jun Sep Qtr Dec Qtr MARYLEBONE RC Assays Aircore/RC Blackfriars Aircore Assays Aircore/RC Highway Aircore Assays Aircore GIDJI JV Boorara North UAV mags – Heritage - Aircore The Jog Soil sampling - Assays - Herit
Slide 21: Miramar Resources - Summary
Miramar Resources - Summary For personal use only Regular news flow from active exploration across multiple gold, Ni-Cu-PGE and IOCG projects ▪ Uncovering a potential new gold camp at Gidji JV including a “Paddington lookalike” at Marylebone ▪ Multiple additional discovery opportunities • Large gold
Slide 22: miramarresources.com.au | ASX:M2R
miramarresources.com.au | ASX:M2R
Slide 23: Marylebone historic drilling and drill status
For personal use only Legend 1) 2 sv Project outine Historic holes - Max Au 201 = sz = 025-10 + 01-026 + sort a MIRAMAR/Z [RESOURCES LTD. GIDJI JV PROJECT MARYLEBONE “HISTORIC DRILLING Historic drill holes = Re oztgtAuouine MIRAMAR/Z [RESOURCES LTD. IV PROJECT MARYLEBONE DRILL STATUS ‘APRIL 2022 MIR
Slide 24: Randalls - Au
Randalls - Au For personal use only ▪ Folded BIF adjacent to Silver Lake’s high-grade Mt Belches gold mines ▪ 70km E of Kalgoorlie ▪ High-grade rock chips along strike – Pryde and Logan prospects ▪ Minimal previous exploration/drilling ▪ Reconnaissance aircore drilling to test BIF fold hinges 24
Slide 25: Lang Well
Lang Well For personal use only Au, Cu, REE and/or Lithium potential ▪ Complexly folded greenstone belt between Deflector and Golden Grove ▪ Limited outcrop - extensive cover ▪ Large historic auger Au anomalies – never drill tested ▪ >50 mapped pegmatites with no REE or Li assays ▪ Limited historica
Miramar Resources — Investor Presentation (April 2022) on 6ix