Miramar Resources Limited · ASX:M2R
Miramar Resources — Shareholder Meeting (November 2021)
29 slides from Miramar Resources's shareholder meeting presentation, Nov 4, 2021
Slide 1: Inaugural Annual General Meeting
For personal use only Miramar Resources Ltd “Creating shareholder value through discovery” INAUGURAL ANNUAL GENERAL MEETING 4 NOV 2021 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: Outline
Outline For personal use only ▪ 2020/21 - Key Achievements • IPO and ASX listing • Gidji JV - Marylebone • Glandore • Other Projects ▪ 2021/22 – Planned Activities ▪ Questions 3
Slide 4: Key achievements since listing
Key achievements since listing For personal use only IPO and ASX Listing ▪ Heavily oversubscribed $8M IPO managed by Shaw and Partners ▪ Listed on ASX 22 Oct 2020 Gidji JV ▪ Aircore drilling has outlined several new targets including a potential large new gold discovery at Marylebone ▪ Diamond drill
Slide 5: Key achievements since listing
Key achievements since listing For personal use only Glandore ▪ Heritage permitting ▪ Tenement extensions ▪ Infill gravity survey ▪ Aircore drilling - awaiting assays Bangemall (Ni-Cu-PGE) ▪ Several new applications submitted ▪ Mt Vernon and Dooley Downs tenements granted Other Projects ▪ Whaleshark
Slide 6: Corporate Overview
Corporate Overview For personal use only Experienced Board ASX Code M2R Allan Kelly • Geologist/Geochemist/Manager Shares on Issue 56.3M (Exec. Chairman) • 30 years experience in mineral exploration, development and production (Australia/Nth America) Shareholders ~800 • Founding MD, Doray Minerals L
Slide 7: Spending money on the ground…
Spending money on the ground… For personal use only Quarterly cashflow ($000’s) 1,000 7,000 6,549 5,986 6,000 750 5,055 5,000 4,190 75% of cash spent on 4,000 active exploration 500 programmes 3,000 2,000 250 1,000 0 0 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Admin Exploration Closing
Slide 8: Gidji JV
For personal use only Paddington Kanowna Belle Gidji JV (80%) Gidji JV Potential for a large new gold discovery on Kalgoorlie’s doorstep… Mt Charlotte Fimiston Kalgoorlie (Super Pit) 8
Slide 9: Gidji JV: Underexplored strategic land position
Gidji JV For personal use only Underexplored strategic land position ▪ Extensive transported cover obscures prospective geology/structures ▪ Underexplored – most drilling <50m ▪ Aircore drilling has identified multiple new targets including a “Paddington lookalike” at Marylebone ▪ Additional targets
Slide 10: Gidji JV: Work completed since listing
Gidji JV For personal use only Work completed since listing ▪ 4 phases of aircore drilling completed on granted tenements • (454 holes for 25km) ▪ 3 x DDH at 8-Mile ▪ Orientation IP survey ▪ Ground magnetic survey (Marylebone) ▪ 6 x RC holes ▪ All remaining applications granted 10
Slide 11: Marylebone October 2020 (pre-IPO)
Marylebone For personal use only October 2020 (pre-IPO) ▪ Historical drilling • Mostly RAB/aircore • Average hole depth <50m • Widely-spaced lines/holes • Angled holes - many did not penetrate transported overburden ▪ Best previous drill result • 4m @ 0.83g/t Au (PKRC045) 11
Slide 12: Marylebone October 2021
Marylebone For personal use only October 2021 ▪ Multiple results >2g/t Au across multiple sections • +6g/t Au results 300m apart ▪ 2km footprint remains open to NW ▪ Untested at depth >60m ▪ Ground magnetic survey completed • extension commenced (Nov 21) ▪ Infill/extension aircore drilling planned (
Slide 13: How big is Marylebone?
How big is Marylebone? For personal use only Aircore footprint comparable with De Grey’s Hemi discovery (Source: De Grey Mining, 17 April 2020) 13
Slide 14: Paddington deposits
Paddington deposits For personal use only (at same scale) ✓ Geology ✓ Structure ✓ Scale + large supergene Au footprint Targeting competent mafic rocks (e.g. dolerite) sandwiched between less competent UM/sed units (Witt, 2016) 14
Slide 15: Marylebone: Applying systematic exploration…
Marylebone For personal use only Applying systematic exploration… ▪ Lack of effective historical drilling • New targets generated from scratch ▪ Stripped regolith profile beneath transported overburden = limited supergene Au halo • Tight drill spacing required ▪ Presence of hard silcrete layer withi
Slide 16: Gidji JV – Next Steps
Gidji JV – Next Steps For personal use only Marylebone ▪ Infill aircore and extend to NW ▪ Extend ground magnetic survey ▪ RC/DDH drilling Southern Targets ▪ Soil sampling over “The Jog” ▪ Infill aircore (Railway) ▪ RC drilling (Piccadilly/Railway/The Jog) Northern Targets (new tenements) ▪ First pa
Slide 17: Glandore
Glandore For personal use only ▪ 100% owned project 40km E of Kalgoorlie ▪ Close to existing/proposed gold mining/processing infrastructure ▪ Underexplored due to lake cover ▪ Similar geological setting to ▪ Majestic (0.48Moz) ▪ Trojan (0.12Moz) 17
Slide 18: Glandore
Glandore For personal use only ▪ Layered mafic complex intruded by granodiorite ▪ >2.5km regolith gold anomaly with several historic aircore/RAB holes >1g/t Au ▪ DDH east of granodiorite • Bedrock results up to 6m @ 29.8g/t Au • NE striking/W-dipping veins ▪ Drilling south of lake outlines 600m long
Slide 19: Randalls
Randalls For personal use only ▪ E25/596 recently granted ▪ Located 70km E of Kalgoorlie ▪ Folded BIF adjacent to 1.5Moz “Mt Belches” gold operations (SLR) ▪ High-grade rock chips along strike at “Pryde” and “Logan” prospects ▪ Poorly explored with minimal drilling of BIF fold hinges ▪ Aircore +/- R
Slide 20: Additional discovery opportunities
Additional discovery opportunities For personal use only Murchison region ▪ Lang Well/Lakeside – Underexplored greenstone belts near Deflector and Dalgaranga Gascoyne region ▪ Whaleshark - folded BIF under Carnarvon Basin ▪ Bangemall Projects - Strategic landholding in emerging Ni-Cu-PGE province 20
Slide 21: Lang Well
Lang Well For personal use only ▪ Large underexplored greenstone belt between Deflector and Rothsay gold operations ▪ Historic rock chips up to 16g/t Au in northern outcropping portion of belt ▪ Multiple untested 4-9km long auger Au anomalies ▪ Infill gravity survey helped refine thicker greenstone
Slide 22: Whaleshark
Whaleshark For personal use only ▪ 30km E of Onslow, WA ▪ Folded BIF intruded by granite pluton ▪ Basement depth ~120m ▪ Prospective for IOCG +/- BIF hosted Au 22
Slide 23: Whaleshark
Whaleshark For personal use only ▪ Significant IOCG potential ▪ Overlapping magnetic/gravity anomalies at edge of granite intrusion ▪ Large Cu-REE (+/- Au-Ag) anomalies from 1000m x 500m spaced sampling ▪ Peak Cu value 4600ppb • (Havieron 710ppb) ▪ Infill sampling completed (250m spacing) 23
Slide 24: Bangemall Projects
Bangemall Projects For personal use only Mt Vernon ▪ Historic Ni-Cu-PGE soil anomalies ▪ EM survey planned for early 2022 Dooley Downs ▪ 2km long target adjacent to crustal-scale structure (= potential feeder zone) ▪ Proterozoic dolerite sills intruding into sediments (= potential sulphur source) ▪
Slide 25: Project pipeline
Project pipeline For personal use only Target Aircore Bedrock Deposit Applications Generation Drilling Testing Delineation Boorara SZ Railway The Jog Marylebone Lakeside Claypan 8-Mile Lake Glandore EL Glandore West Piccadilly Randalls Whaleshark Randalls Bangemall Mt Vernon Glandore East Lang Well
Slide 26: Indicative 2021/22 work programme
Indicative 2021/22 work programme For personal use only Region Project Sep 21 Qtr Dec 21 Qtr Mar 22 Qtr Jun 22 Qtr Aircore Gidji JV RC/DDH Eastern Aircore Aircore Goldfields Glandore DDH Randalls Aircore/RC Lang Well Aircore Murchison Lakeside Whaleshark MMI sampling Geophysics Mt Vernon EM Gascoyne
Slide 27: Summary
Summary For personal use only Miramar has all the key ingredients to: Since listing in Oct 2020, Miramar has: “create shareholder value through discovery” ▪ Outlined multiple new targets at Gidji including a potential large new gold discovery at Marylebone Projects Funding ▪ Completed aircore drilli
Slide 28: Acknowledgements
Acknowledgements For personal use only Contractors Service Providers Board MIRAMAR Shareholders Employees 28
Slide 29: For personal use only
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