Miramar Resources Limited · ASX:M2R
Miramar Resources — Investor Presentation (October 2020)
31 slides from Miramar Resources's investor presentation, Oct 22, 2020
Slide 1: Miramar Resources Ltd – Investor Update October 2020
For personal use only Miramar Resources Ltd “Creating shareholder value through discovery” INVESTOR UPDATE – OCTOBER 2020 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
Miramar Resources For personal use only ▪ New WA-focussed exploration company ▪ Highly prospective Eastern Goldfields projects with potential for new gold discoveries in proximity to existing operations ▪ Gidji JV ▪ Glandore ▪ Randalls ▪ Additional discovery opportunities in the Murchison and Gascoy
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only ASX Code M2R Experienced Board Allan Kelly • Geologist/Geochemist/Manager Shares on Issue 55.06M (Executive Chairman) • 25+ years experience in mineral Options (20-25c) 17.21M exploration, development and production in Australia and North $ $ America • Foundi
Slide 5: Strategy to create Shareholder Value
Strategy to create Shareholder Value For personal use only Acquire Miramar’s Aim is: • Identify projects with unrealised potential “To create shareholder value through • Acquire through staking, JV Farm-in or Purchase acquisition, exploration and • Compile a portfolio of projects with different mone
Slide 6: Eastern Goldfields Projects
Eastern Goldfields Projects For personal use only ▪ Three underexplored gold projects near Kalgoorlie: ▪ Gidji JV (80%) – strategic land position within major regional structure ▪ Glandore – 2km long zones of underexplored gold mineralisation ▪ Randalls – folded BIF adjacent to Silver Lake gold oper
Slide 7: Gidji JV (80%)
Gidji JV (80%) For personal use only ▪ Strategic landholding 15km N of Kalgoorlie ▪ Excellent access via Goldfields Highway ▪ Close proximity to existing infrastructure ▪ Several walk-up drill targets including: 1. 8 Mile Dam - Potential extension to 314koz “Runway” deposit* 2. Poorly drilled dilati
Slide 8: 8-Mile Dam Target
8-Mile Dam Target For personal use only ▪ Thick/high-grade drill intersections within 314koz “Runway” deposit* immediately south of tenement boundary ▪ Minimal deep drilling north of tenement boundary (most drilling <50m) ▪ Potential for northern extensions to oxide and primary gold mineralisation ▪
Slide 9: 8-Mile Dam – Potential Runway extension?
8-Mile Dam – Potential Runway extension? For personal use only ▪ 314koz Runway deposit* ▪ High-grade oxide zone ▪ W-dipping intrusive body ▪ 281m @ 1.03g/t Au ▪ 229m @ 1.64g/t Au ▪ 76m @ 1.39g/t Au ▪ 28m @ 2.19g/t Au Sandstone Shale ▪ E-dipping quartz veins ▪ 1m @ 17.45g/t Au ▪ 2m @ 10.97g/t Au ▪ So
Slide 10: 8-Mile Dam – Potential Runway extension?
8-Mile Dam – Potential Runway extension? For personal use only ▪ 314koz Runway deposit* ▪ High-grade oxide zone ▪ W-dipping intrusive body ▪ 281m @ 1.03g/t Au ▪ 229m @ 1.64g/t Au ▪ 76m @ 1.39g/t Au ▪ 28m @ 2.19g/t Au ▪ E-dipping quartz veins Runway Deposit Inventory* ▪ 1m @ 17.45g/t Au Oxide: 21koz
Slide 11: Gidji – Other Targets
Gidji – Other Targets For personal use only ▪ Lack of deep drilling across project: ▪ Average hole depth <50m ▪ Minimal drilling >100m ▪ Key regional drill targets: 2. Dilational jog within Boorara Shear 3. Shallow aircore/RC results: • 2m @ 6.06g/t Au • 3m @ 3.58g/t Au • 1m @ 2.30g/t Au • 9m @ 1.25
Slide 12: Glandore
Glandore For personal use only ▪ Located 40km east of Kalgoorlie ▪ Large supergene gold footprint and high- grade gold intercepts within favourable host rocks (dolerite, gabbro and porphyry) ▪ bedrock results up to 8m @ 22.5g/t Au ▪ Under-explored due to salt lake cover ▪ Episodic exploration since
Slide 13: Glandore
Glandore For personal use only ▪ Widespread gold anomalism related to layered mafic complex intruded by granite ▪ Limited deep drilling (av. depth = 45m) ▪ Eastern target – mineralisation over 2km ▪ 8m @ 22.5g/t Au (05GDDD003) ▪ 4.1m @ 3.12g/t Au (GLD007R) ▪ 5m @ 1.76g/t Au (GLD009) ▪ Remains open t
Slide 14: Eastern Target
Eastern Target For personal use only ▪ Contact between layered mafic package and granite - intruded by felsic porphyry dykes and quartz veins ▪ Widespread gold anomalism in aircore drilling over 2km of strike ▪ Limited bedrock testing with shallow DDH ▪ Gold mineralisation hosted in west-dipping qua
Slide 15: Glandore - Eastern Target
Glandore - Eastern Target For personal use only ▪ Contact between layered mafic package and granite - intruded by felsic porphyry dykes and quartz veins ▪ Lake sediments thin towards the west ▪ Gold anomalism at base of lake sediments ▪ Limited bedrock testing with shallow DDH ▪ Gold mineralisation
Slide 16: Randalls
Randalls For personal use only ▪ Exploration License Application over Folded Banded Iron Formation (BIF) ▪ Adjacent to Silver Lake Resources’ 1.5 Moz “Mt Belches” gold operations ▪ High grade rock chips along strike at “Pryde” and “Logan” prospects ▪ Minimal drill testing/sampling of BIF within Mira
Slide 17: Murchison Projects
Murchison Projects For personal use only ▪ Three large projects covering under- explored greenstone belts: ▪ Lang Well – multiple large untested auger anomalies and high-grade rock chip samples ▪ Lakeside – untested 8km long auger anomaly in concealed greenstone belt ▪ Garden Gully – strategic landh
Slide 18: Lang Well
Lang Well For personal use only 8km ▪ Under-explored greenstone belt between Deflector, Golden Grove and Rothsay ▪ Historic rock chips up to 16g/t Au and multiple large untested auger anomalies ▪ Minimal drilling - no exploration since 2010 ▪ Aircore drilling planned following listing Historic auger
Slide 19: Garden Gully
Garden Gully For personal use only ▪ 30km strike of Abbotts Greenstone belt ▪ Numerous historic gold occurrences ▪ Large untested rock chip/soil anomalies ▪ Minimal effective/deep drilling ▪ Close proximity to Meekatharra Historic gold workings along strike from Miramar targets 19
Slide 20: Garden Gully
Garden Gully For personal use only ▪ Numerous historic gold workings on neighbouring tenements ▪ WNW striking mineralised structures extend onto Miramar tenements ▪ Large stream sediment anomaly ▪ up to 330ppb Au ▪ Anomalous rock chip samples over 1.7km at “Creamy Bore” target ▪ Results up to 1.38g/
Slide 21: Lakeside
Lakeside For personal use only ▪ Concealed greenstone belt along strike from Big Bell and Dalgaranga gold operations ▪ Only 3 RAB holes over entire 25km of strike ▪ Historic auger gold anomalies untested ▪ No gold exploration since 1998 ▪ Soil sampling and aircore drilling proposed once granted 21
Slide 22: Capricorn Orogen projects: Whaleshark and Bangemall
For personal use only Two projects located within the Capricorn Orogen: ▪ Whaleshark ▪ Large mineralised BIF complex under Carnarvon Basin sediments ▪ Bangemall ▪ Highly prospective for Proterozoic Ni-Cu-PGE mineralisation (e.g. Voisey Bay, Nova) 22
Slide 23: Capricorn Orogen
Capricorn Orogen For personal use only ▪ WA’s Proterozoic orogens host large gold, copper and Ni-Cu-PGE deposits: ▪ Telfer (27Moz Au) ▪ Tropicana (7Moz Au) ▪ Nifty (2Mt Cu) ▪ Nova-Bollinger (0.5Mt Ni-Cu-Co-PGE) ▪ Nebo-Babel (2.3Mt Ni-Cu-Co-PGE) ▪ Havieron (maiden resource pending) ▪ The Capricorn Or
Slide 24: Whaleshark
Whaleshark For personal use only ▪ Large BIF complex under Carnarvon Basin sediments ▪ Basement depth ~120m ▪ Historic diamond drilling intersected anomalous gold in sulphidised BIF ▪ Prospective for: ▪ BIF-hosted Au (eg Homestake) ▪ Large gravity anomalies indicate IOCG potential ▪ Partial leach so
Slide 25: Whaleshark
Whaleshark For personal use only ▪ Orientation surface geochemistry in 1997 indicated the ability to “see through” the basin sediments ▪ Limited soil traverses over interpreted structures highlighted potential targets ▪ MMI geochemistry has been successful at Havieron with >400m of cover ▪ Grid MMI
Slide 26: Geoscience Australia Ni-Cu-PGE Atlas, 2016
Geoscience Australia Ni-Cu-PGE Atlas, 2016 For personal use only ▪ Continental–scale assessment of potential for tholeiitic intrusion-hosted Ni-Cu-PGE sulphide deposits ▪ Combined evidence of the four key mineral system components: ▪ energy sources/drivers of the ore- forming system ▪ crustal and ma
Slide 27: Bangemall (Ni-Cu-PGE)
Bangemall (Ni-Cu-PGE) For personal use only Key ingredients for a large Ni-Cu-PGE deposit: ✓ Crustal-scale faults adjacent to craton margin ✓ Prot. dolerite dykes/sills ✓ Large Ni-Cu-PGE stream sediment anomalies ✓ Airborne EM conductors ▪ Minimal previous nickel exploration ▪ Prospectivity highligh
Slide 28: Pipeline of Drill Targets
Pipeline of Drill Targets For personal use only Pending Target Drill Advanced Grant Generation testing Exploration • Boorara Jog • Garden Gully • Gidji West • 8-Mile Dam • Gidji North • Lang Well • Glandore West • Glandore East • Randalls • Gidji regional • Lang Well • Garden Gully • Glandore EL • W
Slide 29: Initial work programme and news flow
Initial work programme and news flow* For personal use only Oct Nov Dec Jan Feb Mar Q4 Corporate Listing Gidji JV Aircore RC/Aircore RC/DDH Lang Well Aircore Aircore Glandore Permitting Lake drilling Garden Gully geochem Randalls Tenement grant? geochem Whaleshark Tenement grant? geochem/gpx News fl
Slide 30: Miramar - Key ingredients for success
Miramar - Key ingredients for success: For personal use only Highly Prospective Experienced Team A Clear Strategy Market Support Projects • Potential for new • Track record of • WA gold focus • Heavily gold discoveries in successful • Aiming to create oversubscribed the Eastern discovery, Shareholde
Slide 31: For personal use only
miramarresources.com.au | ASX:M2R
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