Slide 1: Miramar Resources Ltd – Investor Update August 2022
For personal use only Miramar Resources Ltd “Creating shareholder value through discovery” INVESTOR UPDATE – AUGUST 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 – Investor Highlights
Miramar Resources – Investor Highlights For personal use only Active WA-focused gold, IOCG and Ni-Cu-PGE explorer ▪ Systematically exploring a potential new gold camp north of Kalgoorlie at Gidji JV ▪ Historic high-grade DDH results and large gold aircore gold footprint at Glandore ▪ Large IOCG targ
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 8.5 Market Capitalisation (@ 10c) $7.1M Top 20 Holders 38.4 Cash/Investments ~$3.4M Board 10.8 Enterprise Value $3.
Slide 5: Gidji JV (80%) – a potential new gold camp
Gidji JV (80%) – a potential new gold camp For personal use only ▪ Strategic land package 15km N of Paddington Kanowna Belle Kalgoorlie, WA ▪ 15km of major regional structure along strike from multiple large gold deposits GIDJI JV ▪ Underexplored due to transported Mt Charlotte cover/paleochannel ▪
Slide 6: Gidji – a potential camp?
Gidji – a potential camp? For personal use only ▪ Project-wide target ranking completed • Structure • Lithology • Evidence of fluids/gold mineralisation ▪ 25,000m aircore planned • Boorara North - underway • Blackfriars/Highway • Nickel sulphide targets ▪ 5,000-10,000m RC/DDH follow-up across variou
Slide 7: Gidji - Exploration models
Gidji - Exploration models For personal use only GIDJI JV (Witt, 2016) ▪ Flexure/bend in major regional structure ▪ D2 – sinistral shearing and major Au mineralising event ▪ Competency contrast (Witt, 2015) ▪ mafic/sediment contacts ▪ brittle rocks within softer units ▪ Later cross-cutting D4 faults
Slide 8: Multiple large gold targets
Multiple large gold targets For personal use only 1. Marylebone East • 1.6km long aircore gold footprint • Multiple high-grade results up to 12g/t Au 2. Marylebone West • 1.4km long aircore gold footprint • Multiple high-grade results up to 13g/t Au 3. Blackfriars • 1.4km long mafic/sediment contact
Slide 9: Multiple large gold targets
Multiple large gold targets For personal use only ▪ Multiple supergene +/- primary gold targets Marylebone identified beneath “Gidji Paleochannel” Blackfriars ▪ Av. channel depth ~50m Highway ▪ Paleochannel follows softer altered/mineralised bedrock? ▪ Stripped regolith profile = Looking N narrow di
Slide 10: Gidji - Northern targets
Gidji - Northern targets For personal use only Boorara North ▪ 4km underexplored segment of Boorara Shear Zone ▪ Nickel potential in Highway U/M ▪ Extensive shallow transported/lake cover ▪ Limited and sporadic historic drilling ▪ 12,000m aircore programme underway (Aug-Sept) Lake ▪ Historic RC dril
Slide 11: Gidji - Southern targets
Gidji - Southern targets For personal use only The Jog The Jog ▪ Dilational jog within Boorara Shear Zone ▪ Magnetite destruction (= alteration?) Gravity anomaly ▪ Dense body at ~150m depth ▪ Diamond drilling planned following approvals 8-Mile ▪ 300koz “Runway” deposit immediately “Runway” south of
Slide 12: Glandore
Glandore For personal use only ▪ Very large aircore gold footprint on lake - 40km E of Kalgoorlie ▪ Close to existing/proposed processing infrastructure ▪ High-grade results at Glandore East ▪ Similar to Majestic/Imperial deposits? 12
Slide 13: Glandore East
Glandore East For personal use only ▪ High-grade gold mineralisation at granite/mafic contact (6m @ 29.8g/t Au) ▪ Open at depth and along strike ▪ Diamond drilling underway (Aug-Sept) 13
Slide 14: Whaleshark Cu-Au Project
Whaleshark Cu-Au Project For personal use only Large Cu-Au targets under shallow basin cover ▪ 40km E of Onslow, WA ▪ Proterozoic BIF and granite under Carnarvon Basin sediments ▪ Basement mostly <100m ▪ Targeting IOCG and/or BIF-hosted gold ▪ Aircore drilling planned for Aug-Sept 14
Slide 15: Bangemall Ni-Cu-PGE Projects
Bangemall Ni-Cu-PGE Projects For personal use only Intrusion-related Ni-Cu-PGE potential Bangemall Lesher, 2019 SW Yilgarn (Julimar etc) Geoscience Australia Record 2016/001 15
Slide 16: Bangemall Ni-Cu-PGE Projects
Bangemall Ni-Cu-PGE Projects For personal use only Strategic land position in Ni-Cu-PGE-REE province ✓ Major crustal-scale faults = plumbing system ✓ Prot. dolerite sills – same age as West Musgraves ✓ Regional Ni-Cu-PGE stream sed anomalies ✓ Multiple EM conductors identified at Mt Vernon ✓ Anomalo
Slide 17: Target pipeline provides substantial upside
Target pipeline provides substantial upside For personal use only Target Aircore Project Applications Bedrock Testing Generation Drilling MARYLEBONE 8-Mile Lake The Jog Blackfriars GIDJI JV Railway Piccadilly Highway Claypan Boorara North Nickel targets GLANDORE EAST GLANDORE Lake targets RANDALLS R
Slide 18: Summary
Summary For personal use only Board track record Potential new gold of discovery, camp emerging at development and Gidji JV production Active exploration Regular news flow, across multiple tight share register, projects low EV Substantial value upside 18
Slide 19: For personal use only
miramarresources.com.au | ASX:M2R