Miramar Resources Limited · ASX:M2R
Miramar Resources — 121 Mining Investment APAC Online Event 2022
23 slides from Miramar Resources's conference presentation, Mar 22, 2022
Slide 1: Miramar to present at 121 Mining Investment Online Conference
ASX: M2R | 22 March 2022 MIRAMAR TO PRESENT AT For personal use only 121 MINING INVESTMENT ONLINE CONFERENCE Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) is pleased to advise that the Company will be participating in the 121 Mining Investment APAC Online Event from 22-24 March 202
Slide 2: Miramar Resources Ltd Investor Update March 2022
For personal use only Miramar Resources Ltd “Creating shareholder value through discovery” Investor Update – March 2022 ASX: M2R
Slide 3: 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 4: Miramar Resources - Investment Highlights
Miramar Resources - Investment Highlights For personal use only WA focussed gold, IOCG and Ni-Cu-PGE explorer ▪ Strategic landholding at Gidji JV with potential for a new gold camp 15km N of Kalgoorlie ▪ Very large gold system outlined at Glandore with historic DDH results up to 4m @ 44.3g/t Au ▪ La
Slide 5: Corporate Snapshot
Corporate Snapshot For personal use only ASX Code M2R Substantial Shareholders % Shares on Issue 56.3M XGS Pty Ltd (Allan Kelly) 11.9 Shareholders ~760 Faraday Nominees Pty Ltd 6.3 Market Capitalisation (@ 18c) $10.1M Top 20 Holders 43.0 Cash (@ 31 Dec 21) $3.0M Combined Board 13.0 Enterprise Value
Slide 6: Project Portfolio
Project Portfolio 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 • Hig
Slide 7: Gidji JV (80%) – Au and Ni potential
Gidji JV (80%) – Au and Ni potential For personal use only Underexplored strategic land position 15km north of Kalgoorlie, WA ▪ 15km long segment of major regional Paddington structure – “Boorara Shear Zone” Kanowna Belle ▪ Along strike from large gold deposits: • Paddington (4 Moz) GIDJI JV • Aphro
Slide 8: Marylebone
Marylebone For personal use only Potential for a large new gold discovery under transported cover ▪ >2km long aircore gold footprint with multiple results >2g/t Au ▪ Open to NW – assays pending ▪ Similar geology, structure and scale to 4Moz Paddington deposit along strike Additional targets ▪ Blackf
Slide 9: Marylebone vs Paddington
Marylebone vs Paddington For personal use only ✓ geology ✓ structure Paddington ✓ scale • Discovered in 1982 beneath historic workings • Dilational jog in Boorara Shear Zone crosscut by late N-S faults • Quartz veins in dolerite sandwiched between seds/basalt • 30m depleted zone above mineralisation
Slide 10: Gidji – Upside
Gidji – Upside For personal use only Underexplored strategic land position with potential for a new gold camp ▪ Transported cover hampered previous exploration - most previous drilling <50m ▪ Multiple gold targets to be tested in 2022 • Marylebone – RC/aircore assays pending • Blackfriars/Highway ai
Slide 11: Gidji JV – The Jog
Gidji JV – The Jog For personal use only Large dilational jog within Boorara Shear Zone Gravity anomaly ▪ Dense body at 150m depth ▪ Magnetite destruction indicates potential alteration +/- gold mineralisation ▪ Never drill tested ▪ Soil sampling followed by RC/Diamond drilling 10
Slide 12: Gidji JV - Nickel
Gidji JV - Nickel For personal use only 15km strike of “Highway Ultramafics” - host to Scotia and Saints Ni deposits ▪ Highly anomalous Ni and Cu results from gold-focussed aircore drilling ▪ Increasing MgO content towards east with cumulate textures observed ▪ Elevated “Kambalda Ratio” indicates po
Slide 13: Glandore - Au
Glandore - Au For personal use only ▪ Very large aircore gold footprint outlined under salt lake ▪ Multiple aircore holes ending in >0.25g/t Au ▪ Historic DDH results incl. 4m @ 44.3g/t Au ▪ Multiple NE-striking structures in granodiorite = potential for Majestic -style gold mineralisation 12
Slide 14: Randalls - Au
Randalls - Au For personal use only ▪ Located 70km E of Kalgoorlie ▪ Folded BIF adjacent to Silver Lake’s high-grade Mt Belches gold mines ▪ High-grade rock chips along strike – Pryde and Logan prospects ▪ Minimal previous exploration/drilling ▪ Reconnaissance aircore drilling to test BIF fold hinge
Slide 15: Capricorn Orogen Projects
Capricorn Orogen Projects For personal use only ▪ WA’s Proterozoic Orogens host multiple major gold and base metal deposits ▪ The Capricorn Orogen is vastly underexplored Whaleshark ▪ Large IOCG targets under shallow cover Bangemall Projects ▪ Strategic land position in emerging craton-margin Ni-Cu-
Slide 16: Whaleshark – large IOCG targets
Whaleshark – large IOCG targets For personal use only ▪ 40km E of Onslow, WA ▪ Folded BIF intruded by granite ▪ Basement mostly <100m ▪ Overlapping gravity and magnetic anomalies ▪ Large MMI Cu-REE-U soil anomalies ▪ Planned work (Q2-Q3) • Infill gravity +/- EM • Interface drilling 15
Slide 17: Whaleshark IOCG
Whaleshark IOCG For personal use only “Interface” aircore drilling targeting geochemical anomalism at unconformity between Proterozoic basement and overlying sediments Ernest Henry IOCG Deposit, Queensland (Lilley and Hannan, 2016) 16
Slide 18: 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 19: Bangemall - Mt Vernon
Bangemall - Mt Vernon 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 • RC/DD Drilling 18
Slide 20: 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 GIDJI JV Piccadilly Blackfriars Claypan Highway Lake Boorara North Nickel targets GLANDORE EAST GLANDORE Lake targets RANDALLS R
Slide 21: Active exploration = regular news flow
Active exploration = regular news flow For personal use only Project Target Mar Qtr Jun Qtr Sep Qtr Dec Qtr MARYLEBONE RC Aircore/RC Blackfriars Aircore/RC Highway GIDJI JV Boorara North Drone mags Heritage survey - Aircore Boorara South/The Jog Soil sampling Heritage survey RC/DDH Nickel targets Ai
Slide 22: Miramar Resources - Summary
Miramar Resources - Summary For personal use only Regular news flow from active exploration across multiple gold, Ni-Cu-PGE and IOCG projects ▪ Uncovering a potential new gold camp at Gidji including a “Paddington lookalike” at Marylebone ▪ Multiple additional discovery opportunities • Large gold fo
Slide 23: For personal use only
miramarresources.com.au | ASX:M2R
Miramar Resources — 121 Mining Investment APAC Online Event 2022 on 6ix