Miramar Resources Limited · ASX:M2R
Miramar Resources — Investor Presentation (July 2025)
27 slides from Miramar Resources's investor presentation, Jul 16, 2025
Slide 1: Gold and critical minerals exploration investor update
For personal use only Gold and critical minerals exploration Investor update July 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 Resources
Miramar Resources For personal use only Gold • Strategic Eastern Goldfields landholding with emerging gold camp at Gidji JV Ni-Cu-PGE’s • Bangemall - exploring for giant Ni-Cu-PGE deposits in a new mineral province Copper-Gold • Whaleshark - large shallow IOCG project Share Price Upside • Board trac
Slide 4: Aim and Strategy
Aim and Strategy Aim: For personal use only “To create shareholder value through discovery” M2R Strategy ▪ Acquire underexplored projects in (potential) world-class mineral provinces ▪ Recognise similarities with known deposits ▪ Systematic exploration using best practise ▪ Maximise exploration spen
Slide 5: Gidji JV (80%)
For personal use only Gidji JV (80%) Emerging gold camp 5
Slide 6: Strategic land position in the Eastern Goldfields
Strategic land position in the Eastern Goldfields ✓Year-round access For personal use only ✓Proximity to processing plants = rapid development potential Gidji JV (80%) ▪ Emerging gold camp 15km north of Kalgoorlie Glandore ▪ High-grade gold on salt lake Randalls ▪ Multiple historic drill results alo
Slide 7: Gidji JV - The cheapest house in the best street
Gidji JV - “The cheapest house in the best street” For personal use only PADDINGTON ▪ 15km north of Kalgoorlie via KANOWNA BELLE major highway ▪ 15km strike of the Boorara GIDJI JV Shear Zone PROJECT BOORARA SHEAR ZONE ▪ Surrounded by multiple 8 MILE DAM major gold deposits and processing plants ▪ A
Slide 8: Emerging gold camp
Emerging gold camp ▪ Multiple large supergene gold discoveries For personal use only under the Gidji Paleochannel • Marylebone • Blackfriars – mafic/Black Flag contact • Highway • Railway ▪ Developing bedrock gold targets • 8 Mile • Blackfriars • Highway-Piccadilly • Marylebone 8
Slide 9: Gidji JV - Mile target
Gidji JV - 8 Mile target For personal use only 8 Mile targets (Miramar) ▪ IP anomalies offset by faulting ▪ Gold and pathfinders in aircore holes ▪ RC drilling underway 8-Mile Dam deposit (NST) ▪ 7Mt @ 1.4g/t Au (314koz Au) ▪ Significant drill intersections immediately south of tenement boundary: •
Slide 10: Gidji JV - targeting bedrock gold
Gidji JV - targeting bedrock gold ▪ Using aircore drilling to For personal use only target bedrock gold mineralisation under the Gidji Paleochannel ▪ Multiple >2g/t Au results from aircore drilling ▪ Large coherent pathfinder anomalies ▪ Sub-Audio Magnetic (SAM) survey highlights multiple bedrock co
Slide 11: Bangemall
For personal use only Bangemall Exploring for giant Ni-Cu-PGE deposits in a new mineral province 11
Slide 12: Bangemall - a new Ni-Cu-PGE province
Bangemall - a new Ni-Cu-PGE province Ni-Cu-PGE potential For personal use only predicted by GSWA, CSIRO and Geoscience Australia Key ingredients for Noril’sk- style Ni-Cu-PGE deposits: ✓ Extensive volume of Ni-Cu- PGE-bearing mafic magma ✓ Warakurna LIP – same age as Nebo-Babel deposits ✓ Deep crust
Slide 13: Mafic intrusion-hosted Ni-Cu-PGE deposits
Mafic intrusion-hosted Ni-Cu-PGE deposits For personal use only ✓ Amongst the world’s largest and most The giant Noril’sk-Talnakh deposits valuable mineral deposits (of any kind) ▪ Noril’sk-Talnakh – trillions of dollars worth of Ni, Cu and PGE’s ▪ Jinchuan ▪ Voisey Bay, Eagle ▪ Nova-Bollinger, Nebo
Slide 14: Bangemall - the Noril'sk-style deposit model
Bangemall – the “Noril’sk-style” deposit model Formation of cumulate rocks Collieronly Basin 4. Deposition sites (“chonoliths”) Formation of cumulate rocks and accumulation of sulphides Plag use Cpx Olivine 3. Sulphur saturation Formation of disseminated Edmundpersonal Ni-Cu-Co-PGE sulphides S S Eva
Slide 15: Mount Vernon - proving the concept
Mount Vernon – proving the concept Rock chip sampling For personal use only ✓ Differentiated dolerite sills ✓ Mafic cumulate rocks with MgO up to 15% ✓ Disseminated sulphides 15
Slide 16: Mount Vernon - EIS co-funded RC drilling
Mount Vernon – EIS co-funded RC drilling ✓ Differentiated dolerite sills For personal use only ✓ Mafic cumulate rocks ✓ MgO up to 15% ✓ Disseminated pentlandite and chalcopyrite ✓ Gypsum (= Sulphur source) Note: only intervals with mafic cumulate rocks were analysed by micro-XRF 16
Slide 17: Next step - looking for the massive sulphides
Next step - looking for the massive sulphides ▪ Massive sulphides are For personal use only highly conductive ▪ Multiple EM anomalies remain to be tested at Mount Vernon ▪ Mag/VTEM survey July 2025 ($250k EIS co-funding) Noril’sk-Talnakh deposits at the same scale 17
Slide 18: Whaleshark
For personal use only Whaleshark Large copper-gold project 18
Slide 19: Whaleshark - large shallow copper-gold project
Whaleshark – large shallow copper-gold project ▪ NW end of Capricorn Orogen For personal use only ▪ Proterozoic metasediments, BIF and granitoid beneath Cretaceous sediments ▪ Depth to basement ~100m ▪ Surrounded by significant infrastructure • Major highway • Gas pipeline • Port facilities • DSO/ma
Slide 20: Whaleshark - multiple shallow IOCG targets
Whaleshark – multiple shallow IOCG targets ▪ 2022 – Interface aircore drilling For personal use only Magnetic inversion model • Copper and gold anomalism (Looking southwest) • IOCG-style alteration and REE signatures ▪ 2023 – Diamond drilling • EIS co-funded • Chalcopyrite in two holes ▪ 2024 - Pass
Slide 21: Corporate Snapshot
Corporate Snapshot For personal use only Allan Kelly ASX Code M2R Executive Chairman • +30 years’ exploration-development-production experience Shares on issue 996.8M • Founding MD, Doray Minerals Ltd (2009-2016) • AMEC “Prospector” Award – 2014 Market Capitalisation (@ 0.5c) $5.0M Marion Bush Cash
Slide 22: Summary - Why Invest in Miramar?
Summary - Why Invest in Miramar? Substantial Upside For personal use only 2025 Work Programme and News flow ▪ Emerging gold camp at Project Mar June Sept Dec Gidji JV Aircore drilling ▪ Potential for significant Gidji JV SAM survey discoveries at Gidji JV, RC drilling Bangemall and VTEM Survey Bange
Slide 23: For personal use only
For personal use only T:+ 61 8 6166 6302 | E: info@miramarresources.com.au
Slide 24: Randalls
Randalls 30km strike of underexplored Randall Fault For personal use only ▪ Lake Yindarlgooda • 11km long aircore gold anomaly on salt lake • Infill drilling and geophysics planned once granted ▪ Reef Tank Well • 6km of strike with no drilling ▪ New applications over historic drill results • Lone Pi
Slide 25: Glandore
Glandore ▪ Located 40km east of Kalgoorlie and close For personal use only to existing/proposed processing plants ▪ Multiple high-grade gold results at “Glandore East” target ▪ Large aircore gold footprint on lake ▪ Mining Lease application pegged Oct ’24 25
Slide 26: Chain Pool - high-grade Pb-Cu-Zn-Ag prospect
Chain Pool – high-grade Pb-Cu-Zn-Ag prospect ▪ High-grade rock chips over 300m strike For personal use only • 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 ▪ SEDEX-style alteration over 700m strike ▪ Further mapping and sampling pl
Slide 27: Carnarvon Sands
Carnarvon Sands ▪ Tenement applications covering coastal embayment For personal use only with multiple heavy mineral strandlines north of the mouth of the Gascoyne River ▪ The 79,000km2 Gascoyne River catchment contains multiple hard-rock REE deposits (Yangibana, YIN) ▪ Previous exploration for Heav
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