Miramar Resources Limited · ASX:M2R
Miramar Resources — Shareholder Meeting (June 2022)
26 slides from Miramar Resources's shareholder meeting presentation, Jun 10, 2022
Slide 1: Miramar Resources Ltd General Meeting Presentation
For personal use only Miramar Resources Ltd “Creating shareholder value through discovery” GENERAL MEETING PRESENTATION 10 JUNE 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: Summary of Meeting Proxies
Summary of Meeting Proxies For personal use only Resolution For Against Discret. 1. Ratification of Prior Issue of Shares – Listing Rule 7.1 10,106,052 443,329 0 2. Ratification of Prior Issue of Shares – Listing Rule 7.1A 10,106,052 443,329 0 3. Approval to Issue Options 10,106,052 443,329 0 4. Iss
Slide 4: Investment Highlights
Investment Highlights For personal use only Uncovering a potential new gold camp at “The cheapest house on the best street” Gidji JV (80%) ▪ Systematic exploration resulting in new gold discoveries Paddington Kanowna Belle ▪ “Paddington lookalike” at Marylebone ▪ Accelerating drilling programmes Add
Slide 5: Corporate Snapshot
Corporate Snapshot For personal use only ASX Code M2R Substantial Shareholders % Shares on Issue 70.7M XGS Pty Ltd (Allan Kelly) 9.5 Shareholders ~950 Faraday Nominees Pty Ltd 6.5 Market Capitalisation (@ 11c) $7.8M Top 20 Holders 37.6 Cash $3.5M Board Members 10.4 Enterprise Value $4.3M Experienced
Slide 6: Gidji JV (80%)
Gidji JV (80%) For personal use only Uncovering a potential new gold camp ▪ Underexplored strategic land position 15km N of Kalgoorlie, WA ▪ Major regional structure – “Boorara Shear Zone” - along strike from multiple large gold deposits: • Paddington (4 Moz) • Aphrodite (1.7 Moz) • Zoroastrian/Exce
Slide 7: Gidji – Marylebone
Gidji – Marylebone For personal use only Making new gold discoveries through systematic exploration Marylebone – “Paddington lookalike” ▪ >2km long aircore gold footprint – open to NW ▪ Multiple high-grade results up to 13g/t Au ▪ Multiple RC and aircore programmes planned Blackfriars – aircore assa
Slide 8: Multiple gold targets
Multiple gold targets For personal use only ▪ Accelerating Gidji drilling programmes following recent $2.4M capital raising ▪ Project-wide targeting and ranking exercise completed ▪ 25,000m aircore planned • Boorara North • Blackfriars/Highway • Nickel sulphide targets ▪ 5,000-10,000m RC follow-up ▪
Slide 9: Gidji – applying a simple deposit model
Gidji – applying a simple deposit model For personal use only ▪ Flexure in major regional structure ▪ D2 - shearing and Au mineralising event (NW-SE) ▪ Competency contrast - rigid rocks sandwiched between softer units ▪ Later cross-cutting D4 faults (NE- (Witt, 2016) SW) trap Au mineralisation This
Slide 10: Capital raising to accelerate Gidji drilling
Capital raising to accelerate Gidji drilling For personal use only Placement (Completed 3 May 2022) Shares ▪ 14.1 M Shares placed ($2.4M before costs) Existing Shares on Issue 56.3M ▪ 17c issue price (5.6% discount) Placement shares 14.1M ▪ Allan Kelly to subscribe for $50K worth* Director Shares (A
Slide 11: Boorara North
Boorara North For personal use only ▪ Underexplored 4km long segment of Boorara Shear Zone ▪ Same geology and structure as Paddington/Marylebone ▪ Extensive transported/lake cover - limited and sporadic historic drilling ▪ Detailed UAV magnetic survey completed ▪ Systematic aircore drilling planned
Slide 12: Gidji – The Jog
Gidji – The Jog ▪ Dense body (intrusion) at ~150m depth For personal use only ▪ Magnetite destruction (alteration) Dilational jog within Boorara Shear Zone ▪ Soil sampling completed – assays pending ▪ RC/Diamond drilling planned Gravity anomaly 12
Slide 13: Gidji – 8-Mile
Gidji – 8-Mile For personal use only ▪ Potential extension to 300koz “Runway” deposit south of tenement boundary ▪ Induced Polarisation (IP) anomaly beneath aircore Au anomaly ▪ Further IP and diamond drilling planned Miramar 400m NST IP chargeability - looking NW 13
Slide 14: Gidji – Nickel targets
Gidji – Nickel targets For personal use only 15km strike of “Highway Ultramafic” – host to Scotia and Saints nickel deposits Marylebone ▪ Strongly anomalous Ni and Cu results from recent aircore drilling ▪ Increasing MgO towards east indicates potential basal contact ▪ Thickened ultramafic and high
Slide 15: Multiple other discovery opportunities
Multiple other discovery opportunities For personal use only Eastern Goldfields ▪ Glandore - high-grade DDH results and large aircore Au footprint ▪ Randalls - unexplored BIF adjacent to high-grade gold deposits Murchison ▪ Lang Well – Au and REE potential Capricorn Orogen ▪ Whaleshark - large IOCG
Slide 16: Glandore - Au
Glandore - Au For personal use only ▪ 40km E of Kalgoorlie ▪ Historic DDH results incl. 4m @ 44.3g/t Au ▪ Large aircore gold footprint under salt lake ▪ NE-striking structures in granodiorite = potential for Majestic-style gold mineralisation ▪ DDH planned – awaiting lake rig 16
Slide 17: Randalls - Au
Randalls - Au For personal use only ▪ 70km E of Kalgoorlie ▪ Folded BIF adjacent to Silver Lake’s high- grade Mt Belches gold mines ▪ High-grade rock chips along strike – Pryde and Logan prospects ▪ Minimal previous exploration/drilling ▪ Reconnaissance aircore drilling planned to test BIF fold hing
Slide 18: Lang Well – Au/REE’s
Lang Well – Au/REE’s For personal use only Complexly folded buried greenstone belt between Deflector and Golden Grove Au potential ▪ Historic 16g/t Au in outcropping qtz vein ▪ Multiple large auger Au anomalies to be drill tested REE (+/- Lithium) potential ▪ >50 mapped pegmatites (no REE or Li assa
Slide 19: Capricorn Orogen Projects
Capricorn Orogen Projects For personal use only ▪ Proterozoic Orogens host major gold and base metal deposits ▪ WA’s Capricorn Orogen is vastly underexplored Whaleshark ▪ Large IOCG targets under shallow cover Bangemall Projects ▪ Strategic land position in emerging craton-margin Ni-Cu-PGE province
Slide 20: Whaleshark – IOCG Potential
Whaleshark – IOCG Potential For personal use only Large IOCG targets under shallow cover ▪ 40km E of Onslow, WA ▪ Overlapping gravity and magnetic anomalies on edge of Prot. granite ▪ Basement mostly <100m ▪ Large MMI Cu-REE-U soil anomalies ▪ Infill gravity planned - followed by interface aircore d
Slide 21: Bangemall Ni-Cu-PGE Projects
Bangemall Ni-Cu-PGE Projects For personal use only Bangemall SW Yilgarn (Julimar etc) Lesher, 2019 Source: Geoscience Australia Record 2016/001 21
Slide 22: Bangemall - Mt Vernon
Bangemall - Mt Vernon For personal use only ✓ Crustal-scale faults = plumbing system ✓ Proterozoic dolerite sills – same age as West Musgraves (1070Ma) ✓ Regional Ni-Cu-PGE stream sed anomalism ✓ Historic PGE soil anomalies ✓ Multiple late-time VTEM anomalies ▪ Geochem sampling planned (Sept Qtr) 22
Slide 23: 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 24: Active exploration = regular news flow
Active exploration = regular news flow For personal use only Project Target Jun Sep Qtr Dec Qtr Marylebone Aircore-RC-DDH Blackfriars Aircore-RC Highway Aircore GIDJI JV Boorara North Heritage survey - Aircore The Jog Soil results DDH 8-Mile IP DDH Nickel targets Aircore - EM GLANDORE EAST DDH GLAND
Slide 25: Summary
Summary For personal use only ▪ Uncovering a potential new gold camp at Gidji JV • Paddington “lookalike” at Marylebone • Multiple new gold targets identified • Accelerated drilling following $2.4M placement ▪ Regular news flow from active exploration across multiple gold, Ni-Cu-PGE and IOCG project
Slide 26: For personal use only
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