Miramar Resources Limited · ASX:M2R
Miramar Resources — Investor Presentation (February 2024)
26 slides from Miramar Resources's investor presentation, Feb 13, 2024
Slide 1: Investor Update February 2024
For personal use only Investor Update February 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 Resources
Miramar Resources For personal use only Bangemall (Ni-Cu-PGE) • First mover in potential new Ni-Cu-PGE province Whaleshark (Cu-Au-Fe) • Unique project with multi-commodity potential Gidji JV (Au-Ni) • Potential new gold camp 15km north of Kalgoorlie Corporate • Track record of discovery, development
Slide 4: Aiming to create value through discovery
Aiming to create value through discovery For personal use only Miramar is exploring for: ▪ In-demand commodities • Nickel • Copper • Gold ▪ Large and valuable mineral deposit styles YOU ARE HERE • Norilsk-style Ni-Cu- PGE’s • Iron Oxide Copper-Gold • Mesothermal lode gold 4
Slide 5: Experienced Board with proven track record
Experienced Board with proven track record For personal use only Allan Kelly ASX Code M2R Executive Chairman • 30 years’ exploration-development-production experience Shares on Issue 148.9M • Founding MD, Doray Minerals Ltd (2009-2016) Listed Options (@ 25c) 59.7M • AMEC “Prospector” Award – 2014 Ma
Slide 6: Gascoyne Region Projects
Gascoyne Region Projects For personal use only Capricorn Orogen - rapidly emerging mineral province Multi-commodity potential ▪ Ni-Cu-PGE’s ▪ Cu-Au (IOCG/SEDEX) ▪ REE ▪ Uranium ▪ Lithium pegmatites ▪ Magnetite iron ▪ Heavy mineral sands (+/- REE’s) 6
Slide 7: Bangemall Ni-Cu-PGE Projects
For personal use only Bangemall Ni-Cu-PGE Projects 7
Slide 8: Bangemall Ni-Cu-PGE Projects
Bangemall Ni-Cu-PGE Projects For personal use only First mover in potential new Ni-Cu-PGE Province Key ingredients for Norilsk- style Ni-Cu-PGE deposits ✓ Kulkatharra Dolerite sills – part of Warakurna LIP ✓ Major crustal-scale faults ✓ Sulphidic sediments ✓ Regional-scale geochem and EM anomalies 8
Slide 9: The Giant Norilsk-Talnakh Ni-Cu-PGE Deposits
The Giant Norilsk-Talnakh Ni-Cu-PGE Deposits For personal use only ▪ Gabbro-dolerite sills related to the Siberian Traps basalts ▪ World’s largest Ni-Cu-PGE deposits ▪ > 2 Billion Tonnes @ 1% Ni and 1% Cu 9
Slide 10: Warakurna Large Igneous Province (LIP)
Warakurna Large Igneous Province (LIP) Continental-scale mafic magmatism event For personal use only related to 1078-1070Ma mantle plume ▪ Bangemall mafic sills ▪ Giles Complex - layered mafic/ultramafic intrusions - Nebo-Babel and Succoth ▪ Multiple other mafic dyke swarms 10
Slide 11: Bangemall Ni-Cu-PGE Model
Bangemall Ni-Cu-PGE Model For personal use only Capricorn Orogen Seismic Line CP2 Lesher, 2016 Major crustal-scale faults provide conduits for emplacement of mafic magma carrying Ni-Cu- PGE’s into sulphidic sediments 11
Slide 12: Bangemall Ni-Cu-PGE Projects
Bangemall Ni-Cu-PGE Projects For personal use only ▪ 1070Ma Kulkatharra Dolerite sills intruding into sulphidic sediments ▪ Outcropping sulphides ▪ Multiple late-time airborne EM anomalies ▪ Ground EM underway to refine drill targets 12
Slide 13: Mount Vernon
Mount Vernon For personal use only ▪ Elevated Ni-Cu-Pd-Pt in historic rock chips/soils ▪ Disseminated sulphides in differentiated sill ▪ Evidence of mafic cumulate rocks ▪ Ground EM survey identifies multiple large conductors 13
Slide 14: Trouble Bore
Trouble Bore For personal use only ▪ Kulkatharra Dolerite sills intruding into sediments ▪ Strong late-time EM anomaly at intersection of dolerite sill and potential feeder dyke ▪ Moving Loop EM underway ▪ Mapping/sampling planned 14
Slide 15: Whaleshark Project
For personal use only Whaleshark Project
Slide 16: Whaleshark Project
Whaleshark Project Multi-commodity potential For personal use only ▪ Copper-gold ▪ Magnetite iron Infrastructure-rich area ▪ Major highway ▪ Gas pipeline ▪ Port facilities ▪ Operating magnetite mine Recent Corporate Activity ▪ CZR sale of 85% of Robe Mesa for $102M 16
Slide 17: Whaleshark Project
Whaleshark Project ▪ Banded iron formation and For personal use only granodiorite under Carnarvon Basin sediments ▪ Shallow cover (mostly <100m) ▪ Large surface MMI anomalies ▪ Geochemical anomalism at basement unconformity Multi-commodity potential ▪ Discovery of copper sulphides in bedrock (Aug ‘2
Slide 18: Whaleshark Project - drilling
Whaleshark Project - drilling 2022 Aircore drilling For personal use only ▪ Intersected basement at depths of 20 –126m beneath Cretaceous sediments ▪ Anomalous Cu-Au-Co-Mo-W at unconformity ▪ Evidence of sodic/potassic alteration ▪ REE signatures comparable to IOCG deposits 2023 Diamond Drilling ▪ 3
Slide 19: Magnetite Potential
Magnetite Potential ▪ Historic drilling intersected magnetite-rich For personal use only BIF beneath Cretaceous sediments • 84.7m @ 25.2% Fe (from 140m) • 54.6m @ 30.0% Fe (from 175m) ▪ Shallower BIF south of granodiorite untested • Basement depths estimated 20-30m • Multiple aircore holes ending in
Slide 20: Gidji JV Project
For personal use only Gidji JV Project
Slide 21: Gidji JV (Miramar 80%)
Gidji JV (Miramar 80%) Paddington Gidji JV Kanowna Belle For personal use only Underexplored gold project in prime location ▪ 15km N of Kalgoorlie via major highway ▪ Surrounded by multiple major gold deposits and/or processing plants Mt Charlotte ▪ Dilational jog in major mineralised structure – Ka
Slide 22: Gidji JV (Miramar 80%)
Gidji JV (Miramar 80%) For personal use only ▪ 15km strike of Boorara Shear Zone ▪ Multiple large aircore gold footprints discovered under transported cover +/- Gidji Paleochannel • Marylebone • Blackfriars • Highway • Railway ▪ Further bedrock RC/diamond drilling required 22
Slide 23: Gidji JV (Miramar 80%) significant aircore intersections
Gidji JV (Miramar 80%) Significant aircore intersections outline For personal use only multiple new gold discoveries under cover ▪ Marylebone • 3m @ 7.12g/t Au • 2m @ 7.69g/t Au • 6m @ 2.21g/t Au • 1m @ 12.60g/t Au • 4m @ 3.00g/t Au, 13.45g/t Ag • 1m @ 9.55g/t Au ▪ Blackfriars • 1m @ 11.8g/t Au and
Slide 24: Why Invest in Miramar?
Why Invest in Miramar? For personal use only Multi- Camp-scale commodity gold potential at opportunity at Whaleshark Gidji JV Bangemall - Board track Potential new record Ni-Cu-PGE Tight register Province Low EV Substantial value upside 24
Slide 25: 2024 Work Plans
2024 Work Plans Bangemall (Ni-Cu-PGE) For personal use only • Ground EM surveys at Mt Vernon/Trouble Bore • Rock chip sampling • RC drilling (EIS application) • Grant of other tenements Whaleshark (Cu-Au-Fe) • Passive seismic survey • Examine magnetite iron potential Gidji JV (Au-Ni) • Work up furth
Slide 26: For personal use only
For personal use only T:+ 61 8 6166 6302 | E: info@miramarresources.com.au
Miramar Resources — Investor Presentation (February 2024) on 6ix