Miramar Resources Limited · ASX:M2R
Miramar Resources — Investor Presentation (May 2023)
18 slides from Miramar Resources's investor presentation, May 16, 2023
Slide 1: Miramar Resources Ltd Investor Update – May 2023
For personal use only Miramar Resources Ltd INVESTOR UPDATE – May 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: Miramar Resources
Miramar Resources Iron Oxide Copper-Gold (IOCG) For personal use only “Aiming to create shareholder value • Whaleshark through discovery” Multiple sizeable discovery opportunities ▪ Large IOCG target at Whaleshark Ni-Cu-PGE’s • Mt Vernon ▪ Ni-Cu-PGE + REE targets at Bangemall ▪ Potential new gold ca
Slide 4: Whaleshark IOCG Project
Whaleshark IOCG Project Potential for discovery of a large For personal use only Iron Oxide Copper Gold (IOCG) deposit ▪ Proterozoic orogens host major mineral deposits ▪ WA’s Capricorn Orogen is relatively underexplored ▪ Whaleshark IOCG Project • Proterozoic granite and BIF under shallow sediments
Slide 5: Whaleshark – high priority IOCG target
Whaleshark – high priority IOCG target ▪ Proterozoic granite and For personal use only BIF under shallow basin sediments ▪ Gravity/geochem anomaly within NW structure in granite ▪ 2022 aircore drilling • Shallow basement • Highly anomalous Cu-Co-Au-Ag-Re • Na + K alteration • Sulphides 5
Slide 6: Whaleshark – EIS drill targets
Whaleshark – EIS drill targets For personal use only 6
Slide 7: Whaleshark: Key ingredients for a large IOCG deposit
Whaleshark Key ingredients for a large IOCG deposit For personal use only ✓ Prot. granite intrusion with iron-rich rocks nearby ✓ Overlapping gravity and magnetic anomalism ✓ Strongly anomalous aircore geochemistry ✓ Sodic and potassic alteration ✓ Shallow basement (mostly <100m) What's Next? ▪ May/
Slide 8: Bangemall Ni-Cu-PGE potential
Bangemall Ni-Cu-PGE potential For personal use only Bangemall Morris and Pirajno, 2005 Julimar Geoscience Australia Report 2016/01 Lesher, 2016 8
Slide 9: Bangemall Ni-Cu-PGE potential
Bangemall Ni-Cu-PGE potential For personal use only Warakurna Large Igneous Province (LIP) ▪ Widespread 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 9
Slide 10: Bangemall - Mt Vernon
Bangemall - Mt Vernon For personal use only ▪ Kulkatharra Dolerite sills intruding into sulphidic sediments ▪ Historic Ni-Cu-PGE soil anomalies and elevated Ni-Cu in rock chips over >4km of strike ▪ 2022 AEM survey highlights multiple late- time EM anomalies ▪ Sampling planned 10
Slide 11: Bangemall - Dooley Downs
Bangemall - Dooley Downs For personal use only ▪ Eden Bore REE Target • Magnetic low • Multiple U/Th anomalies along geological contact • Possible REE carbonatite ▪ Soil sampling completed – assays pending 11
Slide 12: Eastern Goldfields Projects
Eastern Goldfields Projects For personal use only Strategic land position in world-class gold province Gidji JV ▪ Potential for a new gold camp ▪ Shallow Exploration Target outlined at Marylebone Glandore ▪ Multiple high-grade gold results from lake drilling Randalls ▪ Adjacent to high-grade BIF-hos
Slide 13: Miramar - Corporate Snapshot
Miramar - Corporate Snapshot ASX Code M2R Substantial Shareholders % For personal use only Shares on Issue 80.4M XGS Pty Ltd (Allan Kelly) 11.2 Listed Options (25c) 46.0M Faraday Nominees Pty Ltd 9.5 Market Cap (@ 5c) $4.0M Top 20 Holders 41.7 Cash/Investments (Mar 23) $0.5M Combined Board 11.5 Ente
Slide 14: Miramar - Summary
Miramar - Summary For personal use only Ni-Cu-PGE and REE potential at Bangemall Strategic Eastern Large IOCG target Goldfields project at Whaleshark portfolio Substantial Regular news flow, Experienced Board Valuation tight share Upside register, low EV 14
Slide 15: miramarresources.com.au | ASX:M2R
miramarresources.com.au | ASX:M2R
Slide 16: Gidji JV
Gidji JV For personal use only “The cheapest house on the best street” ▪ Strategic land position within major regional structure – Boorara Shear Zone ▪ 15km N of Kalgoorlie via major highway ▪ Multiple large aircore gold footprints +/- bedrock targets ▪ Extensive shallow “Exploration Target” outline
Slide 17: Gidji JV – Marylebone and Blackfriars
Gidji JV – Marylebone and Blackfriars For personal use only Similar Witt, 2016 ▪ Geology ▪ Structure ▪ Scale Mount Charlotte Witt, 2016 * See ASX Release dated 2/2/2023 17
Slide 18: Glandore
Glandore For personal use only ▪ 5km long aircore footprint on salt lake ▪ 40km E of Kalgoorlie ▪ Multiple high-grade gold intersections ▪ Magnetics and further DD planned 18