Miramar Resources Limited · ASX:M2R
Miramar Resources — Shareholder Meeting (November 2024)
28 slides from Miramar Resources's shareholder meeting presentation, Nov 14, 2024
Slide 1: Annual General Meeting Presentation
For personal use only Annual General Meeting Presentation 14 November 2024
Slide 2: Disclaimer/Competent Person Statement
Disclaimer/Competent Person Statement Forward-Looking Statements For personal use only 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 – Aim and Strategy
Miramar – Aim and Strategy For personal use only Aim: “To create shareholder value through discovery” Exploration Strategy ▪ Acquire underexplored projects in (potential) world-class mineral provinces ▪ Recognise similarities with known deposits ▪ Systematic exploration using best practise ▪ Maximis
Slide 4: Miramar - Key Projects
Miramar - Key Projects For personal use only Gidji JV • Strategic gold project with potential for a new gold camp in a record gold price environment Bangemall • Exploring for giant Ni-Cu-Co-PGE deposits in a new mineral province Whaleshark • Large copper-gold and magnetite project Chain Pool • High-
Slide 5: 2023/24 Highlights
2023/24 Highlights Whaleshark (Cu-Au-Fe) For personal use only ▪ Aircore EOH results highlight IOCG potential ▪ EIS co-funded diamond drilling intersects copper sulphides ▪ Passive seismic survey confirms shallow basement across most of the project Bangemall (Ni-Cu-Co-PGE’s) ▪ Ground EM surveys outl
Slide 6: Gidji JV (80%)
For personal use only Gidji JV (80%) Strategic land position in a world-class gold province
Slide 7: Gidji JV
Gidji JV PADDINGTON “The cheapest house in the best street” For personal use only KANOWNA BELLE ▪ 15km N of Kalgoorlie via major highway GIDJI JV ▪ Surrounded by multiple major gold deposits and gold processing plants 8 Mile Dam (313koz Au) ▪ Immediately adjacent to “8 Mile Dam” deposit Key ingredie
Slide 8: Gidji JV: The cheapest house in the best street
Gidji JV “The cheapest house in the best street” For personal use only ▪ 15km strike of the “Boorara Shear Zone” - host to multiple large gold deposits ▪ Multiple new discoveries under paleochannel and key bedrock targets identified • 8-Mile – potential offset extension to 313koz “8 Mile Dam” gold d
Slide 9: Gidji – new discoveries
Gidji – new discoveries Roaster Significant aircore gold results under cover For personal use only ▪ Marylebone Marylebone • Two parallel 1km long zones Blackfriars ▪ Blackfriars • Black Flag/mafic contact – open to N Highway ▪ Highway-Piccadilly Piccadilly Railway • 1.6km long aircore anomaly – ope
Slide 10: 8 Mile Target Aircore EOH Au
8 Mile Target Aircore EOH Au over gridded Sb image Potential extension to “8 Mile Dam” deposit For personal use only ▪ Multiple aircore EOH results > 1g/t Au ▪ Strong alteration footprint and anomalous pathfinders (Bi, Mo, Sb and W) ▪ IP chargeability anomalies Further RC/Diamond drilling planned 10
Slide 11: Bangemall Projects
For personal use only Bangemall Projects Exploring for giants 11
Slide 12: Exploring for giant Ni-Cu-Co-PGE deposits
Exploring for giant Ni-Cu-Co-PGE deposits Proterozoic orogens host large mafic For personal use only Geoscience Australia, 2016 intrusion-related Ni-Cu-Co-PGE deposits Mafic intrusion-hosted Nickel potential ✓ Amongst the world’s largest and most valuable mineral deposits (e.g. Norilsk) ✓ Large Bang
Slide 13: Warakurna Large Igneous Province (LIP)
Warakurna Large Igneous Province (LIP) Widespread Mesoproterozoic intrusive event For personal use only ▪ Bangemall - Kulkatharra Dolerite sills ▪ Glenayle Dolerite ▪ Giles Complex - layered mafic-ultramafic intrusions (Nebo-Babel-Succoth) Ni-Cu-Co-PGE prospectivity recognised by GSWA, Geoscience Au
Slide 14: Bangemall Ni-Cu-Co-PGE deposit model
Bangemall Ni-Cu-Co-PGE deposit model For personal use only Capricorn Orogen Seismic Line CP2 Barnes et al, 2015 14
Slide 15: Bangemall Ni-Cu-Co-PGE Projects
Bangemall Ni-Cu-Co-PGE Projects Key ingredients: For personal use only ✓ 1070Ma-aged dolerite sills ✓ Deep crustal-scale faults ✓ Sulphur-rich sediments Regional-scale indicators ✓ GSWA geochem ✓ Capricorn EM anomalies Positive indicators from drilling and rock chip data ✓ Differentiated sills ✓ Maf
Slide 16: Drilling/rock chip data identifies mafic cumulates
Drilling/rock chip data identifies mafic cumulates For personal use only (Barnes, 2023) 16
Slide 17: Whaleshark
For personal use only Whaleshark Copper-gold and magnetite Fe
Slide 18: Whaleshark
Fe Whaleshark For personal use only ▪ Proterozoic BIF, metasediments and granitoid beneath <100m of Carnarvon Basin sediments ▪ Multiple mineralisation styles present ▪ Iron Oxide copper-gold (IOCG) ▪ BIF-hosted gold ▪ Magnetite iron ▪ Substantial mining, processing, energy and transport infrastruct
Slide 19: Whaleshark – multi-commodity project
Fe Whaleshark – multi-commodity project Copper-Gold For personal use only ▪ Aircore results indicate IOCG alteration/REE signatures ▪ Copper sulphides intersected in 2023 diamond drilling Gold ▪ Gold intersected in historic DDH and recent aircore drilling Magnetite ▪ Large magnetite “Exploration Tar
Slide 20: Aircore results suggest IOCG potential
Fe Aircore results suggest IOCG potential For personal use only Prominent Hill Whaleshark WSAC058 WSAC016, 055, 058 Forbes et al, 2016 20
Slide 21: IOCG-style alteration signatures
Fe IOCG-style alteration signatures Carrapateena Prominent Hill For personal use only Sodic WSAC016 (distal) High REE ratio Hem-ser-chlor alteration WSAC055 High REE ratio Hem-chlor-ser alteration hem-ser-chlor WSAC058 alteration High REE ratio Hem-ser-chlor alteration 21
Slide 22: Chain Pool
For personal use only Chain Pool Cu-Pb-Zn-Ag and Ni-Cu-Co-PGE potential
Slide 23: Chain Pool
Chain Pool ▪ High-grade Cu-Pb-Zn-Ag at “Joy Helen” For personal use only ▪ 755Ma Mundine Well dykes (Ni-Cu-Co-PGE’s) ▪ Rock chip and soil assays awaited 23
Slide 24: Summary - Why Invest in Miramar?
Summary - Why Invest in Miramar? For personal use only IOCG potential at Whaleshark Exploring for High-grade giant Ni-Cu- Cu-Pb-Ag at Co-PGE Chain Pool deposits Potential new Substantial Board track gold camp at share price record Gidji JV upside Low EV 24
Slide 25: Corporate Snapshot
Corporate Snapshot For personal use only Allan Kelly ASX Code M2R Executive Chairman • +30 years’ exploration-development-production experience Shares on issue 396.8M • Founding MD, Doray Minerals Ltd (2009-2016) • AMEC “Prospector” Award – 2014 Market Capitalisation (@ 0.7c) $2.8M Marion Bush Cash
Slide 26: Proposed 2025 Work Programmes
Proposed 2025 Work Programmes For personal use only Gidji JV ▪ RC and extensional/infill aircore drilling Chain Pool ▪ Aircore drilling at Joy Helen Bangemall ▪ Regional rock chip sampling ▪ Drilling at Trouble Bore (EIS co-funded) ▪ Airborne EM survey (EIS funding?) Whaleshark ▪ Extend aircore cove
Slide 27: For personal use only
For personal use only T:+ 61 8 6166 6302 | E: info@miramarresources.com.au
Slide 28: Whaleshark Magnetite Exploration Target
Fe Whaleshark Magnetite Exploration Target* For personal use only Tonnage Range Grade Range (Mt) (Fe %) Domain Lower Upper Lower Upper Whaleshark 128 384 25 30 Blackfish North 158 1,050 Blackfish South 126 919 TOTAL (Mt) 411 2,353 25 30 Cautionary Statement: The Exploration Target has been prepared
Miramar Resources — Shareholder Meeting (November 2024) on 6ix