Slide 1: Miramar Resources Ltd Investor Update – April 2023
For personal use only Miramar Resources Ltd INVESTOR UPDATE – April 2023 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: Miramar Resources
Miramar Resources For personal use only “Aiming to create shareholder value through discovery” Advancing multiple discovery opportunities ▪ Large-scale IOCG targets at Whaleshark ▪ REE + Ni-Cu-PGE targets at Bangemall ▪ Potential new gold camp at Gidji JV ▪ Multiple high-grade gold results at Glando
Slide 4: Whaleshark
Whaleshark For personal use only Potential for discovery of a large Iron Oxide Copper Gold (IOCG) deposit ▪ WA’s Proterozoic orogens host several major mineral deposits ▪ The Capricorn Orogen is relatively underexplored ▪ Whaleshark IOCG Project • Northern extension of Capricorn Orogen under the Nor
Slide 5: Whaleshark – high priority IOCG target
Whaleshark – high priority IOCG target For personal use only ▪ Proterozoic granite and BIF under basin cover ▪ Gravity and geochem anomaly in NW structure ▪ 2022 aircore drilling • Shallow basement • Highly anomalous Cu-Co-Au-Ag-Re • Sodic/Potassic alteration • Sulphides 5
Slide 6: Whaleshark – significant IOCG opportunity
Whaleshark – significant IOCG opportunity For personal use only 6
Slide 7: Whaleshark – Key ingredients for a large IOCG deposit
Whaleshark For personal use only Key ingredients for a large IOCG deposit ✓ Prot. granite intrusion with iron-rich rocks nearby ✓ Gravity and magnetic anomalism ✓ Strongly anomalous aircore geochemistry ✓ Sodic and potassic alteration ✓ Shallow basement (mostly <100m) What's Next? ▪ May - heritage s
Slide 8: Bangemall - Dooley Downs REE targets
Bangemall - Dooley Downs REE targets For personal use only ▪ Eden Bore • Magnetic low • Multiple U/Th anomalies along geological contact • Potential REE carbonatites? ▪ April/May - soil sampling 8
Slide 9: Bangemall nickel potential – the big picture
Bangemall nickel potential – the big picture 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, 20
Slide 10: Bangemall - Mt Vernon Ni-Cu-PGE targets
Bangemall - Mt Vernon Ni-Cu-PGE targets For personal use only ▪ Multiple Kulkatharra Dolerite sills intruding sulphidic sediments ▪ Historic Ni-Cu-PGE soil anomalies and elevated rock chips at base of dolerite sills ▪ Historic drilling targeted Cu-Pb-Zn in sediments ▪ Airborne EM survey highlights m
Slide 11: Carnarvon Sands
Carnarvon Sands For personal use only ▪ Heavy mineral strandlines present in coastal embayment ▪ Gascoyne River catchment drains multiple significant REE deposits ▪ Potential for significant heavy mineral sands +/- REE placer deposit 11
Slide 12: Lang Well
Lang Well For personal use only ▪ Large gold and REE auger anomalies ▪ Shallow REE mineralisation in aircore • 4m @ 1,500ppm TREO • 4m @ 930ppm TREO • 8m @ 765ppm TREO ▪ Further aircore drilling planned 12
Slide 13: Gidji JV
Gidji JV For personal use only “The cheapest house on the best street” ▪ 15km N of Kalgoorlie via major highway ▪ Strategic land position within major regional structure – Boorara Shear Zone ▪ Shallow transported cover/paleochannel restricted previous gold exploration ▪ Initial shallow “Exploration
Slide 14: Gidji JV - Marylebone/Blackfriars targets
Gidji JV - Marylebone/Blackfriars targets For personal use only Similar Witt, 2016 ▪ Geology ▪ Structure ▪ Scale Mount Charlotte Witt, 2016 * See ASX Release dated 2/2/2023 14
Slide 15: Glandore
Glandore For personal use only ▪ 5km long aircore gold footprint on lake ▪ Multiple high-grade DDH gold intersections at granite/mafic contact ▪ Geology/structure similar to Majestic/Imperial deposits (0.5Moz) ▪ Magnetics and further DD planned 15
Slide 16: Corporate Snapshot
Corporate Snapshot For personal use only ASX Code M2R Substantial Shareholders % Shares on Issue 78.1M XGS Pty Ltd (Allan Kelly) 8.9 Listed Options (25c) 46.0M Faraday Nominees Pty Ltd 9.7 Market Cap (@ 5c) $3.9M Top 20 Holders 41.7 Cash/Investments (Mar 23) $0.5M Board 10 Enterprise Value $3.4M Exp
Slide 17: Miramar - Summary
Miramar - Summary For personal use only REE potential Potential new at Bangemall gold camp at and Lang Well Gidji JV Multiple high- Large IOCG grade gold targets at results from Whaleshark Glandore Substantial Regular news Experienced flow, tight Board Valuation share register, Upside low EV 17
Slide 18: miramarresources.com.au | ASX:M2R
miramarresources.com.au | ASX:M2R