Miramar Resources Limited · ASX:M2R
Miramar Resources — Investor Presentation (January 2023)
21 slides from Miramar Resources's investor presentation, Jan 20, 2023
Slide 1: Miramar Resources Ltd – Investor Update January 2023
For personal use only Miramar Resources Ltd “Creating shareholder value through discovery” INVESTOR UPDATE – JANUARY 2023 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 Active diversified WA mineral explorer Advancing Multiple Discovery Opportunities • Potential for a new gold camp at Gidji JV • Multiple high-grade gold results at Glandore • Large copper-gold targets at Whaleshark • REE potential at Bangemall and Lang Well Ex
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only ASX Code M2R Substantial Shareholders % Shares on Issue 70.7M XGS Pty Ltd (Allan Kelly) 9.9 Listed Options (25c) 28.0M Faraday Nominees Pty Ltd 9.3 Market Cap (@ 8c) $5.7M Top 20 Holders 42.5 Cash/Investments (30 Sep 22) $2.1M Board 10.8 Enterprise Value $3.6
Slide 5: Eastern Goldfields Projects
Eastern Goldfields Projects For personal use only Strategic land position in world-class gold province ▪ Underexplored projects close to Kalgoorlie- Boulder ▪ Excellent year-round access ▪ Proximity to multiple gold mining/processing operations ▪ New applications along Randall Fault 5
Slide 6: Gidji JV
Gidji JV For personal use only “The cheapest house on the best street” Kanowna Belle Paddington GIDJI JV Kalgoorlie Super Pit Strategic under-explored project 15km N of Kalgoorlie 6
Slide 7: Gidji JV – Gold targets
Gidji JV – Gold targets For personal use only Potential for multiple supergene and/or primary gold deposits within the Boorara Shear Zone ▪ Multiple large aircore gold anomalies outlined • Marylebone • Blackfriars • Highway-Piccadilly • Railway ▪ 8-Mile - potential extension to Runway (300koz Au) ▪
Slide 8: Gidji – multiple high-grade aircore results
Gidji – multiple high-grade aircore results For personal use only Marylebone aircore results: ▪ 6m @ 2.21g/t Au ▪ 1m @ 9.55g/t Au “Marylebone East” ▪ 1m @ 8.52g/t Au ▪ 1m @ 10.99g/t Au 1m @ 11.79g/t Au (EOH) “Marylebone West” ▪ 1m @ 5.15g/t Au 1m @ 2.2g/t Au ▪ 3m @ 7.12g/t Au ▪ 2m @ 7.69g/t Au “Blac
Slide 9: Gidji - million ounce potential
Gidji - million ounce potential For personal use only Same: ✓ Geology ✓ Structural setting ✓ Scale + multiple mineralised contacts Paddington • Discovered in 1982 beneath historic workings • Dilational jog in Boorara Shear Zone crosscut by later N-S faults • Quartz veins in dolerite between Black Fl
Slide 10: Gidji – Nickel potential
Gidji – Nickel potential For personal use only ▪ 15km strike of “Highway Ultramafic” - host to Scotia and Saints nickel deposits ▪ Limited previous nickel exploration ▪ Strongly elevated Ni and Cu aircore results • 7m @ 0.70% Ni, 148ppm Cu (EOH) • 6m @ 0.63% Ni, 127ppm Cu • 10m @ 0.52% Ni, 86ppm Cu
Slide 11: Glandore
Glandore For personal use only Under-explored high-grade gold opportunity ▪ 40km E of Kalgoorlie - close to various gold mining/processing infrastructure ▪ Large aircore gold footprint on salt lake ▪ Multiple high-grade gold results at mafic/granite contact – “Glandore East” ▪ UAV magnetic survey hi
Slide 12: Glandore East
Glandore East For personal use only ▪ Multiple NE-trending structures at granodiorite/mafic contact ▪ High-grade bedrock gold results beneath large aircore gold footprint ▪ Significant strike potential – open at depth ▪ Detailed magnetics and further drilling planned 12
Slide 13: Whaleshark Copper-Gold Project
Whaleshark Copper-Gold Project For personal use only ▪ Proterozoic BIF and granite under Carnarvon Basin sediments ▪ Basement depth ~100m ▪ MMI soil anomalies ▪ Geochemical signature similar to known IOCG deposits 1. Aircore anomalism like Ernest Henry 2. REE signature like Prominent Hill 13
Slide 14: Geochem anomalism like Ernest Henry
1. Geochem anomalism like Ernest Henry For personal use only Ernest Henry (Lilly and Hannan, 2016) Anomalous Cu, Au, Co, Mo, U and W at basement unconformity 14
Slide 15: REE signature like Prominent Hill
2. REE signature like Prominent Hill For personal use only 1. Proterozoic (~1.8 billion years ago) 2. Present day Surface Cover sequence REE signature in sediments Monazite grains carry REE’s IOCGM Unconformity (La + Ce >> Y + Th) IOCG mineralisation mineralisation Proterozoic basement Proterozoic b
Slide 16: Bangemall Projects
Bangemall Projects For personal use only First mover in emerging mineral province ▪ Multiple crustal-scale structures/fluid conduits ▪ REE potential • Multiple REE carbonatite discoveries nearby • New magnetic /radiometric anomalies at Dooley Downs ▪ Ni-Cu-PGE potential • Proterozoic dolerite dykes/
Slide 17: Bangemall - Dooley Downs REE targets
Bangemall - Dooley Downs REE targets For personal use only ▪ Multiple potential REE intrusions identified from magnetic/radiometric survey • Magnetic lows • U/Th anomalism ▪ Follow-up geophysics and sampling planned 17
Slide 18: Bangemall – Mt Vernon
Bangemall – Mt Vernon For personal use only ▪ Large Ni-Cu-PGE soil anomalies ▪ Multiple late-time EM conductors ▪ Proterozoic dolerites ▪ Narimbunna (e.g. West Musgraves) ▪ Mundine Well (e.g. Mangaroon Ni/PGE’s) ▪ Mapping/sampling planned in 2023 18
Slide 19: Key Objectives for 2023
Key Objectives for 2023 For personal use only Gidji JV ▪ Bedrock testing of gold and nickel targets ▪ Examine supergene gold resource potential Glandore ▪ Further bedrock testing of Glandore East target Whaleshark ▪ Bedrock drill testing of IOCG targets Bangemall ▪ Confirm REE potential at Dooley Do
Slide 20: Miramar Resources - Summary
Miramar Resources - Summary For personal use only Multiple high- Large IOCG grade gold targets at results from Whaleshark Glandore Uncovering a REE potential at potential new Bangemall and gold camp at Lang Well Gidji JV Track record of Substantial Regular news discovery, development upside for flow
Slide 21: For personal use only
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