Miramar Resources Limited · ASX:M2R
Miramar Resources — Shareholder Meeting (November 2025)
26 slides from Miramar Resources's shareholder meeting presentation, Nov 27, 2025
Slide 1: Gold/Critical Minerals Explorer AGM Presentation
Gold/Critical Minerals Explorer AGM Presentation 27 November 2025
Slide 2: Disclaimer/Competent Person Statement
Disclaimer/Competent Person Statement 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 represent management's cur
Slide 3: 2024/25 Highlights
2024/25 Highlights ▪ Gidji JV Gold Project (80%) • Aircore drilling expands Blackfriars and Highway targets with multiple new results >1g/t Au • SAM outlines bedrock conductors under the Gidji Paleochannel • RC drilling intersects northern extension to “8-Mile Dam” • Multiple bedrock targets identif
Slide 4: Miramar - Corporate Snapshot
Miramar - Corporate Snapshot Allan Kelly FAAG MAIG Executive Chairman ASX Code M2R • +30 years’ exploration-development-production experience • Founding MD, Doray Minerals Ltd (2009-2016) Shares on issue 1,194M • Built 2 new gold mines in 4 years (Andy Well/Deflector) Market Capitalisation (@ 0.3c)
Slide 5: Gidji JV Gold Project
Gidji JV Gold Project Uncovering a new gold camp
Slide 6: Gidji JV – the right place at the right time
Gidji JV – the right place at the right time ✓ Prime location in the heart of the world- PADDINGTON PLANT class Eastern Goldfields Province 3.8Mtpa ✓ Record gold price = increased appetite for PADDINGTON KANOWNA BELLE 5.8Moz genuine gold exploration projects +4Moz ✓ Proximity to processing plants =
Slide 7: Gidji JV
Gidji JV Location ▪ 15km from Kalgoorlie via major highway ▪ Surrounded by multiple gold mines and processing plants Geology ▪ 15km strike of Boorara Shear Zone – host to several gold deposits: • Paddington • Zoroastrian/Excelsior • Boorara/Golden Ridge Potential for a new gold camp ▪ Multiple shall
Slide 8: Gidji JV – uncovering a new gold camp
Gidji JV – uncovering a new gold camp ▪ Since listing in 2020, Miramar has discovered multiple gold zones under the Gidji Paleochannel 2020 2025 • Marylebone • Blackfriars • Highway • Railway ▪ 8 Mile Target - potential northern extension to neighbouring 314koz “8-Mile Dam” deposit ▪ Average hole de
Slide 9: Blackfriars – Paddington lookalike target
Blackfriars – Paddington lookalike target ▪ Same geology, structural setting and scale as the +4Moz Paddington and the 0.5Moz Zoroastrian gold deposits ✓ Flexure in Boorara Shear Zone ✓ Dolerite at Black Flag/mafic contact 0.5Moz Au ▪ 1km long aircore anomaly with multiple >1g/t Au results ✓ GJAC627
Slide 10: Highway – large intrusion-hosted gold target
Highway – large intrusion-hosted gold target ▪ 1km long aircore anomaly with multiple >1g/t Au results ✓ GJAC721 – 3m @ 3.78g/t Au ✓ GJAC727 – 1m @ 2.53g/t Au ✓ GJAC1105 – 4m @ 1.07g/t Au ✓ GJAC1109 – 2m @ 3.06g/t Au ✓ GJAC1114 – 4m @ 1.56g/t Au ▪ Interpreted intrusive body within the Black Flag Bed
Slide 11: Systematic bedrock drilling programme planned
Systematic bedrock drilling programme planned ▪ Aircore drilling completed to date has outlined multiple shallow targets under the Gidji Paleochannel and defined a significant amount of shallow supergene and/or paleochannel-hosted gold ▪ Miramar has refined bedrock gold targets using geophysics and
Slide 12: 8 Mile – potential extension to 8-Mile Dam deposit
8 Mile – potential extension to 8-Mile Dam deposit 8-Mile Dam (NST) ▪ 314koz gold deposit with significant historical drill results immediately south of M2R NST tenement boundary Long Section • 280m @ 1.03g/t Au (looking NE) • 217m @ 2.07g/t Au ▪ Results from 2022 drilling have not been released 8 M
Slide 13: Bangemall
Bangemall Exploring for giants
Slide 14: Bangemall – exploring for giants
Bangemall – exploring for giants ▪ Noril’sk-style Cu-Ni-PGE deposits are large and very valuable ▪ Bangemall has all the key ingredients for Noril’sk-style mineralisation ✓ Extensive volume of mafic magma ✓ Crustal-scale faults ✓ External sulphur source ▪ Prospectivity previously recognised by the G
Slide 15: Bangemall - the “Noril’sk-style” deposit model
Bangemall - the “Noril’sk-style” deposit model 5. Depleted magma Formation of cumulate rocks Collier Group 4. Deposition sites (“chonoliths”) Formation of cumulate rocks and Plag accumulation of sulphides Cpx Olivine 3. Sulphur saturation Formation of disseminated Ni-Cu-Co-PGE sulphides S S Evaporit
Slide 16: Norilsk-style deposit model proven at Mount Vernon
Norilsk-style deposit model proven at Mount Vernon ▪ Downhole geochemistry in 7 RC drill holes confirmed differentiation occurring within the dolerite sills ✓ MgO up to 13% sediments ✓ Zonation of Cu and Ni ✓ Similarities to dolerite sills within the Noril’sk- Talnakh camp ▪ Micro-XRF analysis confi
Slide 17: Next steps – looking for massive sulphides
Next steps – looking for massive sulphides Expanded Land Position ▪ New tenements pegged/granted VTEM survey ▪ EIS co-funded VTEM survey highlights multiple late-time conductors Next Steps ▪ Further Micro-XRF analysis of RC samples ▪ Ground truthing of new VTEM anomalies via rock chip sampling and m
Slide 18: Additional Discovery Opportunities
Additional Discovery Opportunities Gold and Critical Minerals Projects
Slide 19: Chain Pool – Cu-Pb-Ag-Zn
Chain Pool – Cu-Pb-Ag-Zn • High-grade SEDEX-style mineralisation and/or alteration over 700m strike: • 5.49% Cu, 42.0% Pb and 73.5 g/t Ag • 5.43% Cu, 36.7% Pb and 36.0g/t Ag • 7.23% Cu, 26.7% Pb and 59.5g/t Ag • No recent/systematic exploration (no drilling since 1964) • Potential for strike extensi
Slide 20: Glandore Project
Glandore Project • Located 40km east of Kalgoorlie • Mining Lease pegged Oct ’24 • Same geology/structure as nearby Majestic and Imperial deposits • Large aircore gold footprint • Multiple high-grade drill results at “Glandore East”: • 6m @ 29.8g/t Au • 1m @ 8.68g/t Au • 1m @ 6.8g/t Au • 0.4m @ 18.0
Slide 21: Whaleshark
Whaleshark • 40km east of Onslow, WA - surrounded by significant infrastructure • Proterozoic metasediments, BIF and granitoid beneath Northern Carnarvon Basin - depth to basement ~100m • Significant copper and/or gold potential: • IOCG-style alteration and anomalism • Chalcopyrite and gold intersec
Slide 22: Carnarvon Sands
Carnarvon Sands • Tenement applications over coastal embayment with heavy mineral strandlines north of Gascoyne river mouth • Gascoyne River catchment contains multiple REE deposits (e.g. Yangibana, YIN) • Historic grab samples up to 67% HMS (59% Zircon) + detrital REE’s (Monazite/Xenotime) 22
Slide 23: Miramar - Investment Highlights
Miramar - Investment Highlights Experienced Board with Strategic Eastern Gidji JV – emerging gold Exploring for giant Cu-Ni- track record of discovery, Goldfields projects in camp with opportunity for PGE deposits development and a record gold price multiple bedrock gold production environment disco
Slide 24: 2026 Work Programmes
2026 Work Programmes Gidji JV (Gold) • Drilling across multiple bedrock targets (Q1 - 2026) • Drilling results = potential multiple discoveries (Q1-Q2) Bangemall JV (Cu-Ni-PGE) • Ground truthing of VTEM anomalies (Q1-Q2 2026) • Identify targets for drilling (Q2-3) Chain Pool (Cu-Pb-Zn-Ag) Auger dril
Slide 25: Acknowledgements
Acknowledgements • Shareholders • Employees • Contractors/Consultants • Directors 25
Slide 26: Contact details
T: + 61 8 6166 6302 | E: info@miramarresources.com.au
Miramar Resources — Shareholder Meeting (November 2025) on 6ix