Miramar Resources Limited · ASX:M2R
Miramar Resources — Investor Presentation (February 2025)
30 slides from Miramar Resources's investor presentation, Feb 18, 2025
Slide 1: Gold and Critical Minerals Exploration Company Update
For personal use only Gold and Critical Minerals Exploration Company Update February 2025
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 – Highlights
Miramar – Highlights For personal use only Eastern Goldfields Projects • Gidji JV – emerging gold camp 15km north of Kalgoorlie • Record gold price environment Potential “Company Makers” • Bangemall - targeting large Ni-Cu-Co-PGE deposits in a new mineral province • Whaleshark - Cu-Au and magnetite
Slide 4: Aim and Strategy
Aim and Strategy RECORD GOLD PRICE For personal use only Aim: “To create shareholder value through discovery” Strategy ▪ Acquire underexplored projects in (potential) world-class mineral provinces - with nearby infrastructure if possible ▪ Recognise similarities with known deposits ▪ Systematic expl
Slide 5: Gidji JV (80%) – Emerging gold camp in a prime location
KANOWNA GIDJI JV BELLE For personal use only 8 Mile Dam (313koz Au) Gidji JV (80%) Emerging gold camp in a prime location MOUNT CHARLOTTE SUPER PIT
Slide 6: Gidji JV – the cheapest house in the best street
Gidji JV – “the cheapest house in the best street” For personal use only ▪ 15km N of Kalgoorlie via major highway ▪ Surrounded by multiple major gold deposits and gold processing plants ▪ Immediately adjacent to Northern Star Resources Ltd’s 313koz “8 Mile Dam” deposit Key ingredients for a new gold
Slide 7: An emerging gold camp
An emerging gold camp For personal use only Significant gold results across multiple targets ▪ Large supergene gold footprints outlined ▪ Multiple end of hole aircore results >1g/t Au Potential for bedrock gold mineralisation ✓ Second order dilational faults off Boorara Shear ✓ Fractionated dolerite
Slide 8: Gidji – Mile Target Aircore EOH Au
Gidji – 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 ▪ Anomalous pathfinders (Bi, Mo, Sb and W) ▪ IP chargeability anomaly offset by NE faulting SE NW 8 Mile Dam Anomaly 1 Anomaly 2 Anoma
Slide 9: Bangemall Projects
For personal use only Bangemall Projects Exploring for giant Ni-Cu-Co- PGE deposits in a new mineral province 9
Slide 10: Bangemall Projects
Bangemall Projects Miramar’s Bangemall Projects are located For personal use only within WA’s Proterozoic Capricorn Orogen Proterozoic orogens host large mafic intrusion-related Ni-Cu-Co-PGE deposits – ▪ Noril’sk/Talnakh - world’s largest and most valuable mineral deposits ▪ Voisey Bay, Raglan, Eagl
Slide 11: Warakurna Large Igneous Province (LIP)
Warakurna Large Igneous Province (LIP) ▪ Widespread 1070Ma For personal use only (Howard et al, 2013) mafic intrusive event ▪ Bangemall - Kulkatharra Dolerite sills ▪ Giles Complex - (Nebo- Babel-Succoth) Prospectivity recognised by GSWA, Geoscience Australia and CSIRO ▪ “The Bangemall Supergroup…is
Slide 12: First mover in a new nickel-copper province
First mover in a new nickel-copper province Key ingredients for Noril’sk- For personal use only style mineralisation: ✓ Extensive volume of mafic magma with evidence of crustal contamination ✓ Deep crustal-scale faults and cross-cutting faults ✓ Sulphur-rich sediments ✓ Regional-scale geochem and EM
Slide 13: Bangemall – Noril'sk-style deposit model
Bangemall – “Noril’sk-style” deposit model For personal use only 5. Ni-Cu-Co-PGE sulphides concentrate in trap sites (“chonoliths”) 6. Depleted magma Collier Basin 4. Differentiation Mafic/UM cumulate rocks sink to bottom of sill 3. Sulphur saturation Ni-Cu-Co-PGE sulphides form Evaporite Edmund Bas
Slide 14: Mount Vernon and Trouble Bore Targets
Mount Vernon and Trouble Bore Targets Mount Vernon EIS co-funded For personal use only RC drilling (Aug 24) ✓ Differentiated dolerite sills with mafic cumulate rocks ✓ Disseminated pentlandite and chalcopyrite in multiple drill holes ✓ Sulphate minerals Trouble Bore ▪ Strong EM anomaly ▪ Diamond dri
Slide 15: Mt Vernon - mafic cumulates and Ni-Cu sulphides
Mt Vernon - mafic cumulates and Ni-Cu sulphides Mafic/UM cumulate rocks Micro-XRF analysis confirms presence of disseminated For personal use only = evidence for differentiation pyrrhotite, pentlandite and chalcopyrite in multiple drill holes Average undifferentiated Kulkatharra Dolerite Mafic cumul
Slide 16: Trouble Bore Target
Trouble Bore Target For personal use only ▪ Dolerite sills and feeder dykes intruding through sulphide and sulphate-rich sediments ▪ Historic SkyTEM anomaly confirmed by 2024 ground EM survey ▪ Historic drill hole targeted channel iron deposits and did not intersect dolerite or EM anomaly ▪ EIS co-f
Slide 17: Whaleshark Copper-gold and magnetite iron project
For personal use only Whaleshark Copper-gold and magnetite iron project Fe
Slide 18: Whaleshark – copper-gold and magnetite project
Fe Whaleshark – copper-gold and magnetite project ▪ Northwestern extension of For personal use only Capricorn Orogen ▪ Proterozoic metasediments, magnetite-BIF, and granitoid beneath Cretaceous sediments ▪ Basement depth ~100m ▪ Surrounded by significant infrastructure: • Major highway • Gas pipelin
Slide 19: Whaleshark - copper and/or gold targets
Fe Whaleshark - copper and/or gold targets Copper-gold (IOCG) For personal use only ▪ MMI Cu-Au-U-REE anomalism MMI Cu-Au anomaly ▪ Anomalous Cu in aircore holes WSDD002 Copper sulphides WSAC035 ▪ Alteration and REE signatures 1m @ 0.16g/t Au suggest IOCG potential ▪ Copper sulphides intersected gra
Slide 20: Aircore REE results indicate IOCG potential
Fe Aircore REE results indicate IOCG potential Aircore drilling to basement For personal use only Tertiary 2. Detrital monazite grains Prominent Hill sourced from IOCG Cretaceous deposit retain REE sediments “signature” 1. Monazite crystals within IOCG deposit Unconformity have distinctive REE Forbe
Slide 21: IOCG-style alteration in aircore EOH samples
Fe IOCG-style alteration in aircore EOH samples Prominent Hill Carrapateena For personal use only Sodic WSAC016 (distal) Compelling REE ratio Hem-ser-chlor alteration WSAC055 Compelling REE ratio Hem-chlor-ser alteration WSAC058 Compelling REE ratio Hem-ser-chlor alteration 21
Slide 22: Magnetite Exploration Target
Fe 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 *See ASX Release dated 19 June 2024 Cautionary Statement: The Exploration
Slide 23: Summary - Why Invest in Miramar?
Summary - Why Invest in Miramar? For personal use only Upside People • Huge leverage • Track record of to discovery discovery, • Funded for development discovery in and production 2025 Projects • Highly prospective projects with potential for multiple significant mineral discoveries 23
Slide 24: Miramar – (Proforma) Corporate Snapshot
Miramar – (Proforma) Corporate Snapshot For personal use only Allan Kelly ASX Code M2R Executive Chairman •+30 years’ exploration-development-production experience Current shares on issue 396.8M •Founding MD, Doray Minerals Ltd (2009-2016) •AMEC “Prospector” Award – 2014 T1 Placement (15%) 59.5M Mar
Slide 25: Proposed 2025 Work Programmes
Proposed 2025 Work Programmes For personal use only Gidji JV ▪ Aircore drilling • Marylebone/Blackfriars/Highway ▪ Bedrock RC/diamond drilling • Blackfriars/8-Mile (+/- The Jog) Bangemall ▪ Diamond drilling at Trouble Bore (EIS-funded) ▪ Airborne Mag/EM survey over new tenements ▪ Further mapping an
Slide 26: For personal use only
For personal use only T:+ 61 8 6166 6302 | E: info@miramarresources.com.au
Slide 27: Glandore
Glandore ▪ 40km east of Kalgoorlie – surrounded by For personal use only existing/proposed processing infrastructure ▪ Multiple high-grade gold results at contact between granite and layered mafic sill ▪ Large aircore gold footprint under lake ▪ Mining Lease application pegged Oct ‘24 27
Slide 28: Randalls – strategic position on major structure
Randalls – strategic position on major structure Lake Yindarlgooda Target For personal use only Randalls St Ives ▪ 11km long supergene gold anomaly on salt lake ▪ Similar geology-structure- scale to Invincible deposit ✓ Mafic sediment contact ✓ Major NW-trending fault ✓ Crosscutting NE faults ▪ Addi
Slide 29: Chain Pool
Chain Pool SEDEX mineralisation For personal use only ▪ “Joy Helen” - historic Pb-Zn-Ag-Cu mine ▪ New high-grade rock chips over 400m strike • 5.49% Cu, 42.0% Pb and 73.5 g/t Ag • 5.43% Cu, 36.7% Pb and 36.0g/t Ag • 7.23% Cu, 26.7% Pb, 59.5g/t Ag, 0.8g/t Au ▪ Geochemistry/alteration consistent with
Slide 30: Carnarvon Sands
Carnarvon Sands ▪ Coastal embayment with heavy mineral strandlines For personal use only north of the mouth of the Gascoyne River ▪ The 79,000km2 Gascoyne River catchment contains multiple hard-rock REE deposits (Yangibana, YIN) ▪ Along with traditional Heavy Mineral Sands, limited previous explorat
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