Miramar Resources Limited · ASX:M2R
Miramar Resources — RIU Sydney Resources Roundup 2022
23 slides from Miramar Resources's conference presentation, May 4, 2022
Slide 1: Miramar Resources Ltd - RIU Sydney Resources Roundup
For personal use only Miramar Resources Ltd “Creating shareholder value through discovery” RIU SYDNEY RESOURCES ROUNDUP 3 - 5 MAY 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 - Investment Highlights
Miramar Resources - Investment Highlights For personal use only Uncovering a potential new gold camp at Gidji JV ▪ Strategic, underexplored land position 15km N of Kalgoorlie ▪ Paddington “lookalike” discovered at Marylebone ▪ Multiple new gold targets identified for systematic testing ▪ Acceleratin
Slide 4: Corporate Snapshot
Corporate Snapshot For personal use only ASX Code M2R Substantial Shareholders % Shares on Issue 70.4M* XGS Pty Ltd (Allan Kelly) 11.9 Shareholders ~900* Faraday Nominees Pty Ltd 6.3 Market Capitalisation (@ 18c) $12.6M* Top 20 Holders 40.3 Cash $4.3M* Combined Board 13.0 Enterprise Value $8.3M* * P
Slide 5: Exploration Projects
Exploration Projects For personal use only Gidji JV (80%) – Au and Ni • Potential new gold camp 15km N of Kalgoorlie • Paddington “lookalike” target at Marylebone • Multiple drill targets identified for testing • Nickel sulphide potential Glandore - Au • Underexplored project 40km E of Kalgoorlie •
Slide 6: Gidji – exploring on Kalgoorlie's doorstep
Gidji – exploring on Kalgoorlie’s doorstep For personal use only Underexplored strategic land position 15km N of Kalgoorlie-Boulder, WA ▪ 15km long segment of major regional Paddington structure – “Boorara Shear Zone” Kanowna Belle ▪ Along strike from large gold deposits: • Paddington (4 Moz) GIDJI
Slide 7: Gidji – new discoveries
Gidji – new discoveries For personal use only Marylebone ▪ >2km long aircore gold footprint – open to NW ▪ Multiple results >5g/t Au and up to 13g/t Au ▪ Paddington (4Moz Au) lookalike Blackfriars – assays pending ▪ 1km footprint with results up to 1m @ 11.8g/t Au ▪ Porphyry intrusion at sediment/ba
Slide 8: Gidji - deposit model
Gidji - deposit model For personal use only ▪ Flexure in Boorara Shear Zone ▪ D2 shearing and Au mineralisation ▪ Competent rocks sandwiched between softer units ▪ Later cross-cutting D4 faults This same setting hosts several multi-million ounce gold deposits (Witt, 2016) 8
Slide 9: Gidji – ramping up…
Gidji – ramping up… For personal use only Accelerating drill programmes following $2.4M raising Aircore Aircore/RC RC/DDH • Highway North • Marylebone • 8-Mile • Boorara North • Blackfriars • The Jog • Nickel targets • Highway • Railway • Piccadilly • Claypan • Lake 9
Slide 10: Glandore - Au
Glandore - Au For personal use only ▪ Large new aircore gold footprint under salt lake - 40km E of Kalgoorlie ▪ Historic DDH results incl. 4m @ 44.3g/t Au ▪ NE-striking structures in granodiorite = potential for Majestic-style gold mineralisation ▪ Glandore East DDH planned – awaiting lake rig 10
Slide 11: Lang Well – Au/REE's
Lang Well – Au/REE’s For personal use only ▪ Complexly folded greenstone belt between Deflector and Golden Grove ▪ Limited outcrop - extensive cover ▪ Large untested auger Au anomalies ▪ >50 mapped pegmatites with no REE or Li assays ▪ Historical aircore drilling intersected strongly anomalous REE’s
Slide 12: Capricorn Orogen Projects
Capricorn Orogen Projects For personal use only ▪ Proterozoic Orogens host major gold and base metal deposits ▪ WA’s Capricorn Orogen is vastly underexplored Whaleshark ▪ Large IOCG targets under shallow cover Bangemall Projects ▪ Strategic land position in emerging craton-margin Ni-Cu-PGE province
Slide 13: Whaleshark – IOCG potential
Whaleshark – IOCG potential For personal use only Large Cu-Au targets under shallow cover ▪ 40km E of Onslow, WA ▪ Folded BIF + granite ▪ Basement mostly <100m ▪ Overlapping gravity and magnetic anomalies ▪ Large MMI Cu-REE-U soil anomalies ▪ Interface aircore drilling planned for mid-2022 13
Slide 14: Bangemall Ni-Cu-PGE Projects
Bangemall Ni-Cu-PGE Projects For personal use only Key ingredients for Ni-Cu-PGE’s ✓ Craton margin and/or crustal-scale faults ✓ Large volumes of S-undersaturated magma ✓ External S source (e.g. sulphidic seds) ✓ Dynamic high-flow environment Bangemall ✓ Favourable site(s) for deposition SW Yilgarn
Slide 15: Bangemall - Mt Vernon target
Bangemall - Mt Vernon target For personal use only ▪ Historic Ni-Cu-PGE soil anomalies related to Prot. dolerite sills ▪ Jan 22 VTEM survey • Multiple late-time anomalies • Possible intrusion ▪ Follow-up work (Q2-3) • Soil/rock chip traverses • Ground EM 15
Slide 16: Project pipeline = significant value upside
Project pipeline = significant value upside For personal use only Target Aircore Project Applications Bedrock Testing Generation Drilling MARYLEBONE Railway 8-Mile The Jog Piccadilly GIDJI JV Blackfriars Claypan Highway Lake Highway North Boorara North Nickel targets GLANDORE EAST GLANDORE Other tar
Slide 17: Active exploration = regular news flow
Active exploration = regular news flow For personal use only Project Target Mar Apr May Jun Sep Qtr Dec Qtr MARYLEBONE RC Assays Aircore/RC Blackfriars Aircore Assays Aircore/RC Highway Aircore Assays Aircore GIDJI JV Boorara North UAV mags – Heritage - Aircore The Jog Soil sampling - Assays - Herit
Slide 18: Miramar Resources - Summary
Miramar Resources - Summary For personal use only ▪ Uncovering a potential new gold camp at Gidji JV • Paddington “lookalike” at Marylebone • Multiple new gold targets identified • Accelerating drilling following $2.4M raising ▪ Regular news flow from active exploration across multiple gold, Ni-Cu-P
Slide 19: miramarresources.com.au | ASX:M2R
miramarresources.com.au | ASX:M2R
Slide 20: Gidji – 8-Mile
Gidji – 8-Mile For personal use only ▪ 300koz “Runway” deposit immediately south of tenement boundary ▪ NST currently active at Runway ▪ 8-Mile Au-As anomaly unexplained ▪ 1-2 x deep DDH’s planned Looking south towards Runway and NST Drill rigs 20
Slide 21: Gidji – The Jog
Gidji – The Jog Dilational jog within Boorara Shear Zone ▪ Dense body at ~150m depth = intrusion? For personal use only ▪ Magnetite destruction = potential alteration +/- gold mineralisation ▪ Large historic auger Au-As anomaly ▪ Soil sampling completed – assays pending Gravity anomaly ▪ RC/Diamond
Slide 22: Gidji – Ni Targets
Gidji – Ni Targets For personal use only “Highway Ultramafic” – host to Scotia and Saints nickel deposits Marylebone ▪ Strongly anomalous Ni and Cu results from recent aircore drilling ▪ Increasing MgO indicates potential basal contact – no PGE analysis ▪ Thickened U/M and High “Kambalda Ratio” indi
Slide 23: Randalls - Au
Randalls - Au For personal use only ▪ Folded BIF adjacent to Silver Lake’s high-grade Mt Belches gold mines ▪ 70km E of Kalgoorlie ▪ High-grade rock chips along strike – Pryde and Logan prospects ▪ Minimal previous exploration/drilling ▪ Reconnaissance aircore drilling planned to test BIF fold hinge
Miramar Resources — RIU Sydney Resources Roundup 2022 on 6ix