Miramar Resources Limited · ASX:M2R
Miramar Resources — Investor Presentation (August 2025)
28 slides from Miramar Resources's investor presentation, Aug 1, 2025
Slide 1: Gold and critical minerals exploration investor update
For personal use only Gold and critical minerals exploration Investor update August 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 Active Gold Explorer • Strategic Eastern Goldfields landholding • Emerging gold camp at Gidji JV • High-grade gold project at Glandore • Randalls – strategic gold and/or lithium project • Board track record of successful gold discovery, development and product
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 15km north of Kalgoorlie 5
Slide 6: Gidji JV - overlooked and undervalued!
Gidji JV - overlooked and undervalued! For personal use only “The cheapest house in the best street” ▪ 15km north of Kalgoorlie ▪ Surrounded by multiple major gold GIDJI JV deposits and processing plants PROJECT KANOWNA BELLE PADDINGTON BOORARA SHEAR ZONE GIDJI JV PROJECT KALGOORLIE SUPER PIT Source
Slide 7: An emerging gold camp
An emerging gold camp ▪ 15km strike of the Boorara Shear Zone For personal use only ▪ Potential northern extension to 8-Mile Dam ▪ Systematically exploring for bedrock gold deposit(s) under the Gidji Paleochannel • Marylebone • Blackfriars – mafic/Black Flag contact • Highway • Railway ▪ Developing
Slide 8: High-grade gold in first RC hole at Mile
High-grade gold in first RC hole at 8 Mile For personal use only ▪ Potential extension to 314koz 8-Mile Dam deposit ▪ First RC hole: • 18m @ 0.94g/t Au • (Incl. 1m @ 6.04g/t Au) • 3m @ 0.52g/t Au (EOH) ▪ Assays pending for rest of hole and other holes ▪ Further drilling and geophysics planned 8
Slide 9: Gidji JV - targeting bedrock gold deposits
Gidji JV - targeting bedrock gold deposits For personal use only ▪ Using aircore drilling and geophysics to target bedrock gold under the Gidji Paleochannel ▪ Multiple >2g/t Au aircore results and large coherent pathfinder anomalies ▪ Sub Audio Magnetic (SAM) survey identifies multiple conductors ▪
Slide 10: Gidji has large-scale bedrock gold potential!
Gidji has large-scale bedrock gold potential! For personal use only ~4Moz gold produced SAME SCALE BOORARA SHEAR ZONE SAME GEOLOGY SAME STRUCTURE AS PADDINGTON DEPOSIT BLACK FLAG BEDS 10
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 Noril’sk-style Ni-Cu-PGE For personal use only potential predicted by GSWA, CSIRO and Geoscience Australia Key ingredients: ✓ Warakurna LIP – same age as Nebo-Babel deposits ✓ Extensive volume of Ni-Cu- PGE-bearing mafic magma ✓ Deep crustal-scale faults and cros
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 – proving the concept
Mount Vernon – proving the concept Disseminated Ni-Cu sulphides in multiple holes EIS co-funded RC drilling For personal use only ✓ Differentiated dolerite sills with MgO up to 15% ✓ Mafic cumulate rocks ✓ Disseminated pentlandite and chalcopyrite ✓ Gypsum (= Sulphur source) Note: only intervals wit
Slide 17: Next step - looking for massive sulphides
Next step - looking for massive sulphides ▪ Ni-Cu-PGE massive For personal use only sulphides are highly conductive ▪ EIS co-funded mag/VTEM survey underway ▪ Multiple EM anomalies to be tested at Mount Vernon Noril’sk-Talnakh deposits at the same scale 17
Slide 18: Whaleshark
For personal use only Whaleshark Large shallow 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 For personal use only • MMI soil sampling produces large geochemical anomalies Magnetic inversion model 2021 (Looking southwest) • Aircore drilling outlines Cu-Au anomalism 2022 • IOCG-style alteration and REE’s • Diamond drilling (EIS co-funded) 2023 • Cha
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? For personal use only 2025 Work Programme and News flow Project Mar June Sept Dec ✓ Aircore drilling Maximising Gidji JV ✓ SAM survey exploration spend Potential for ✓ RC drilling significant discoveries Track record of ✓ VTEM discovery, Bangemall • Gidji development
Slide 23: For personal use only
For personal use only T:+ 61 8 6166 6302 | E: info@miramarresources.com.au
Slide 24: 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 ▪ Project available for purchase/JV 24
Slide 25: Randalls North
Randalls North 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 ▪ Reef Tank Well • 6km of strike with no drilling ▪ New applications over historic drill results • Lone Pine Dam
Slide 26: Randalls South
Randalls South Gold Targets For personal use only ▪ Folded BIF along strike from high-grade gold mines ▪ Confluence of major regional structures ▪ Minimal recent/systematic gold exploration Lithium Targets ▪ Along strike from Manna lithium deposit and multiple Alchemy/JOGMEC JV “priority lithium tar
Slide 27: 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 28: 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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