Miramar Resources Limited · ASX:M2R
Miramar Resources — Investor Presentation (September 2023)
23 slides from Miramar Resources's investor presentation, Sep 18, 2023
Slide 1: Investor Update – September 2023
For personal use only Cu Au Ni INVESTOR UPDATE – SEPTEMBER 2023 ASX: M2R
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: Aiming to create value through discovery
Aiming to create value through discovery Targeting large discovery opportunities For personal use only Capricorn Orogen WHALESHARK Projects ▪ Large shallow IOCG targets at Whaleshark Onslow • (e.g. Ernest Henry, Carrapateena) BANGEMALL ▪ Multiple Ni-Cu-PGE targets at Bangemall • (e.g. Nova, Nebo-Bab
Slide 4: Exploring for in-demand commodities…
Exploring for in-demand commodities… For personal use only 4
Slide 5: …in an emerging mineral province
…in an emerging mineral province Capricorn Orogen For personal use only Whaleshark ▪ Targeting a large IOCG deposit under the Carnarvon Basin Bangemall ▪ Multiple large Ni-Cu- PGE targets associated with dolerite sills GSWA 5
Slide 6: Whaleshark Project
Whaleshark Project ▪ Proterozoic orogens host major mineral deposits For personal use only ▪ Whaleshark is located at the northern end of the Capricorn Orogen under shallow basin sediments ▪ Whaleshark has many similarities to large IOCG deposits in South Australia and Queensland 6
Slide 7: Why explore for IOCG deposits?
Why explore for IOCG deposits? ▪ VERY BIG and VERY VALUABLE For personal use only • 10’s of Mt to >1Bt • average grade of 1% Cu and 1g/t Au • = Mt’s of Cu + Moz’s of Au Ernest Henry Olympic Dam Dow, 2019 7
Slide 8: Whaleshark – large shallow IOCG targets
Whaleshark – large shallow IOCG targets 2021 For personal use only • Tenement granted • MMI soil sampling outlines large Cu-Au-Ag-Mo-REE anomalies 2022 • Infill gravity surveys • Aircore drilling outlines large Cu-Co-Au-Ag-REE anomalies at top of basement 2023 • EIS funding • Heritage survey • Diamo
Slide 9: Whaleshark – bedrock copper confirmed
Whaleshark – bedrock copper confirmed For personal use only WSDD002 Chalcopyrite within shear EIS co-funded Diamond Drilling ▪ 3 DDH’s tested coincident aircore, gravity and MMI anomalies in granite crosscut by NW-trending structure ▪ Predominantly biotite granodiorite ▪ Chalcopyrite observed in two
Slide 10: Whaleshark – significant IOCG potential
Whaleshark – significant IOCG potential Whaleshark has all the key ingredients For personal use only for a large shallow IOCG deposit ✓ Proterozoic granitoid ✓ Iron-rich rocks nearby ✓ Overlapping gravity/magnetic anomalism ✓ MMI and aircore Cu-Au-Co-Ag-U anomalism ✓ Bedrock copper mineralisation ✓
Slide 11: Whaleshark – next steps
Whaleshark – next steps Further diamond drilling along NW structure For personal use only ▪ MMI/magnetic anomaly ▪ Cu-Au aircore/MMI/gravity anomalies ▪ MMI and Aircore REE anomaly “Interface” aircore drilling over MMI anomalies ▪ NW structure and magnetic anomaly ▪ “Mangrove Jack” target – MMI anom
Slide 12: Bangemall Ni-Cu-PGE Projects
Bangemall Ni-Cu-PGE Projects For personal use only Potential for Norilsk-style Ni-Cu-PGEs ✓ Craton margin ✓ Crustal-scale structures and cross-cutting faults ✓ Extensive volumes of mafic magma ✓ Sulphidic sediments ✓ Regional signatures • GSWA geochem • Capricorn EM 12
Slide 13: Bangemall Ni-Cu-PGE model
Bangemall Ni-Cu-PGE model For personal use only Warakurna Large Igneous Province (LIP) ▪ Widespread mafic intrusive event related to mantle plume ▪ Bangemall – 1070Ma Kulkatharra Dolerite ▪ West Musgraves – 1078Ma Giles Complex • Nebo and Babel deposits (1.2Mt Ni, 1.3 Mt Cu) Wingate, 2004 13
Slide 14: Bangemall Ni-Cu-PGE model
Bangemall Ni-Cu-PGE model For personal use only Intrusion-hosted Ni-Cu-PGE potential Bangemall Morris and Pirajno, 2005 Julimar Lesher, 2016 Geoscience Australia Report 2016/01 14
Slide 15: Bangemall - Mount Vernon
Bangemall - Mount Vernon For personal use only ▪ Kulkatharra Dolerite sills intruding into sulphidic sediments ▪ >30km of basal contact ▪ Multiple rock chips with elevated Ni and Cu ▪ Limited historic drilling targeted Cu-Pb-Zn ▪ 2022 VTEM survey identified multiple late- time anomalies ▪ RC/DD dril
Slide 16: Bangemall - Mount Vernon
Bangemall - Mount Vernon For personal use only Large late-time EM anomaly at base of dolerite sill above sulphidic sediments 16
Slide 17: Eastern Goldfields Projects
Eastern Goldfields Projects Strategic land position in For personal use only world-class gold province Gidji JV ▪ Potential new gold camp close to Kalgoorlie Glandore ▪ Multiple high-grade gold results from lake drilling Randalls ▪ Gold and/or lithium potential 17
Slide 18: Gidji - “cheapest house on the best street”
Gidji - “cheapest house on the best street” For personal use only Paddington ▪ 15km N of Kalgoorlie Kanowna Belle ▪ Dilational jog within major regional structure GIDJI JV ▪ Proximity to multiple Runway large gold deposits Mt Charlotte ▪ Multiple large aircore gold footprints outlined Kalgoorlie ben
Slide 19: Randalls (Au/Li)
Randalls (Au/Li) For personal use only Lithium potential within “Randall Dome” ▪ Same geological setting as Bald Hill ▪ No previous lithium exploration ▪ New applications consolidate land position over prospective geology ▪ Soil sampling planned Gold targets ▪ Folded BIF adjacent to multiple high- g
Slide 20: Exciting Exploration Target Portfolio
Exciting Exploration Target Portfolio Exploration Stage -> For personal use only Target Geochem/Geophys Initial Drill Bedrock Resource Generation anomalism Testing mineralisation Delineation • Blue Bar • Mt Vernon • Whaleshark Opportunity Size -> • Marylebone • Randalls • Highway • Blackfriars • Doo
Slide 21: Corporate Snapshot
Corporate Snapshot ASX Code M2R Substantial Shareholders % For personal use only Shares on Issue 148.9M XGS Pty Ltd (Allan Kelly) 9.4 Listed Options (@25c) 59.7M Faraday Nominees Pty Ltd 6.5 Market Cap (@ 5c) $7.4M Top 20 Holders 46.2 Cash/Investments $1.5M Combined Board 10.2 Enterprise Value $5.9M
Slide 22: Why Miramar Resources?
Why Miramar Resources? For personal use only Multiple large Ni-Cu-PGE targets in Bangemall Targeting a large Potential new IOCG deposit at gold camp at Whaleshark Gidji JV Track record of Tight Share discovery, Substantial Register development Value Upside and production Very low EV 22
Slide 23: miramarresources.com.au | ASX:M2R
miramarresources.com.au | ASX:M2R
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