Miramar Resources Limited · ASX:M2R
Miramar Resources — Investor Presentation (June 2021)
22 slides from Miramar Resources's investor presentation, Jun 3, 2021
Slide 1: Miramar Resources Ltd – Investor Update June 2021
For personal use only Miramar Resources Ltd “Creating shareholder value through discovery” INVESTOR UPDATE – JUNE 2021 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 Limited – Exploring on Kalgoorlie's doorstep
Miramar Resources Limited ▪ WA-focussed mineral For personal use only “Exploring on Kalgoorlie’s doorstep” exploration company Paddington Kanowna ▪ Gidji JV - Potential for a GIDJI JV new gold discovery in Belle the Eastern Goldfields ▪ Additional discovery Mt Charlotte opportunities in the Murchiso
Slide 4: Corporate Overview
Corporate Overview For personal use only ASX Code M2R Experienced Board Shares on Issue 55.1M Allan Kelly • Geologist/Geochemist/Manager Market Cap (@ 20c) $11.0M (Executive • 25+ years experience in mineral Chairman) exploration, development and Cash (31 March 21) $6.0M production in Aus and North
Slide 5: Eastern Goldfields Projects
Eastern Goldfields Projects For personal use only ▪ Underexplored projects near existing mining and processing operations: • Gidji JV (80%) – potential for a large new gold discovery • Glandore – 2km long zones of underexplored gold mineralisation • Randalls (application) – underexplored folded BIF
Slide 6: Gidji JV (80%)
Gidji JV (80%) For personal use only ▪ Strategic location N of Kalgoorlie - along strike from major deposits • Paddington (10 Moz - Norton) • Boorara (0.45Moz - Horizon) ▪ 15km of strike of major regional structure – “Boorara Shear Zone” • 50% of tenements yet to be granted ▪ Previously underexplore
Slide 7: Gidji JV
Gidji JV For personal use only ▪ Phase 1 reconnaissance aircore (Dec 20) identified several large new targets: • Marylebone • Railway • Piccadilly • 8-Mile ▪ Phase 2 infill aircore (Mar/Apr 21) upgraded and extended targets ▪ DDH tested 8-Mile target ▪ Ground magnetic survey completed over Marylebon
Slide 8: Marylebone
Marylebone For personal use only ▪ Highest priority target at Gidji • geology, structure and scale similar to 10Moz Paddington deposit • no previous bedrock drilling ▪ Phase 1 aircore drilling (Dec 20) • 1.6km long anomaly >0.1g/t Au • High-grade gold in quartz vein o 3m @ 5.26g/t Au (GJAC096) ▪ Pha
Slide 9: Marylebone is a Paddington lookalike
Marylebone is a Paddington lookalike For personal use only dolerite Steep E-dipping Laminated vein Flat ladder veins 9
Slide 10: Gidji – Next Steps
Gidji – Next Steps For personal use only ▪ Marylebone • Ground magnetics • RC drill testing • Extensional/infill aircore drilling • Follow-up RC/DDH ▪ Piccadilly/Railway • Extensional/infill aircore • Bedrock RC drill testing ▪ Progress remaining tenements to grant 10
Slide 11: Glandore
Glandore For personal use only ▪ 40km east of Kalgoorlie - close to mining and processing infrastructure ▪ Under-explored due to salt lake cover ▪ Heritage approvals received – Feb 21 ▪ Maiden drilling programmes planned 11
Slide 12: Glandore
Glandore For personal use only ▪ Layered mafic complex intruded by granite ▪ East Target – supergene mineralisation over 2.5km with limited bedrock testing • 8m @ 22.5g/t Au (DDH) • 4.1m @ 3.12g/t Au • 5m @ 1.76g/t Au • Remains open to south for ~800m ▪ West Target – large target untested for >2km •
Slide 13: Glandore East
Glandore East For personal use only ▪ Layered mafic complex intruded by late granite ▪ Widespread gold anomalism at base of lake sediments ▪ Limited bedrock testing with shallow DDH ▪ Primary mineralisation hosted in W-dipping quartz veins near contact ▪ Open at depth and to south 13
Slide 14: Randalls
Randalls For personal use only ▪ 70km east of Kalgoorlie - adjacent to Silver Lake’s “Mt Belches” gold mines ▪ Poorly explored - minimal drilling of BIF ▪ Numerous drill targets identified ▪ Awaiting tenement grant Evidence of historic RAB drilling 14
Slide 15: Gascoyne region projects
Gascoyne region projects For personal use only Two projects within the Capricorn Orogen ▪ Whaleshark • Large BIF complex under Carnarvon Basin sediments ▪ Bangemall (Ni-Cu-PGE) • Strategic landholding in emerging province • Mineral potential recognised by state/federal governments 15
Slide 16: Whaleshark
Whaleshark For personal use only ▪ Large folded BIF intruded by granite ▪ Prospective for • BIF-hosted gold • IOCG ▪ Depth to basement ~120m ▪ Historic drilling intersected gold in sulphidised BIF ▪ Work planned (Sept Qtr) • MMI soil sampling • Infill gravity • Ground/airborne EM 16
Slide 17: Geoscience Australia Ni-Cu-PGE "Atlas"
Geoscience Australia Ni-Cu-PGE “Atlas” For personal use only ▪ 2016 continental–scale assessment of tholeiitic intrusion-hosted Ni-Cu-PGE Bangemall mineral potential ▪ Combined evidence of four key mineral system components ▪ Highlighted several areas not previously recognised • Southwest WA – Julim
Slide 18: Bangemall – Mt Vernon
Bangemall – Mt Vernon For personal use only Tenement granted Jan 2021 Key ingredients: ▪ Located between two major crustal-scale faults ▪ Numerous Proterozoic dolerite dykes/sills ▪ Ni-Cu-PGE stream sediment anomalism ▪ Large late-time AEM conductors ▪ Minimal Ni-Cu-PGE exploration ▪ AEM survey sche
Slide 19: Developing a pipeline of drill targets
Developing a pipeline of drill targets For personal use only Awaiting Target Aircore Bedrock Advanced Region Project grant Generation drilling testing Exploration The Jog Piccadilly Gidji JV Claypan Railway Lake Marylebone Eastern Goldfields Glandore Glandore Randalls Randalls Lang Well Lang Well Mu
Slide 20: 2021 work programme/news flow
2021 work programme/news flow For personal use only Region Project Mar 21 Qtr Jun 21 Qtr Sep 21 Qtr Dec 21 Qtr Aircore magnetics Gidji JV RC DDH DDH Eastern Goldfields gravity Glandore Aircore Lake Aircore Lake DDH Randalls Tenement grant? Geochem/GPX Aircore/RC Lang Well gravity Aircore Murchison L
Slide 21: Summary
Summary For personal use only Miramar has the key ingredients to create value through discovery: ▪ People - Board track record of successful discovery, development and production ▪ Projects - Highly prospective projects in world class locations ▪ Funding - Well funded after $8M IPO Since listing in
Slide 22: For personal use only
miramarresources.com.au | ASX:M2R
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