Miramar Resources Limited · ASX:M2R
Miramar Resources — Investor Presentation (April 2021)
23 slides from Miramar Resources's investor presentation, Apr 16, 2021
Slide 1: Miramar Resources Ltd Investor Update – April 2021
For personal use only Miramar Resources Ltd “Creating shareholder value through discovery” Investor Update – April 2021 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: Corporate Snapshot
Corporate Snapshot For personal use only ASX Code M2R Experienced Board Shares on Issue 55.1M Allan Kelly • Geologist/Geochemist/Manager Market Cap (@ 25c) $13.8M (Executive • 25+ years experience in mineral Chairman) exploration, development and Cash/Investments $6.0M production in Aus and North Am
Slide 4: Exploring on Kalgoorlie's doorstep
Exploring on Kalgoorlie’s doorstep For personal use only Miramar Resources Ltd ▪ WA-focussed mineral Paddington GIDJI JV Kanowna exploration company Belle ▪ Exploring for gold in the Eastern Goldfields ▪ Additional discovery Mt Charlotte opportunities in the Super Pit Murchison/Gascoyne ▪ Strategic
Slide 5: Eastern Goldfields Projects
Eastern Goldfields Projects For personal use only ▪ Underexplored projects: • Gidji JV (80%) – strategic land position within regional structure • Glandore – 2km long zone of underexplored gold mineralisation • Randalls – folded BIF adjacent to Silver Lake gold operations ▪ Well located in relation
Slide 6: Gidji JV
Gidji JV For personal use only ▪ Strategic location 15km N of Kalgoorlie ▪ Within Boorara Shear - along strike from major deposits ▪ Phase 1 aircore (Dec 20) identified multiple new targets: • 8-Mile – extension to Runway • Marylebone – visible gold • Railway • Piccadilly – buried intrusion? ▪ Phase
Slide 7: "8-Mile" – targeting Runway extension
“8-Mile” – targeting Runway extension For personal use only Runway deposit (KCGM): NW ▪ 314koz @ 1.39g/t Au* “8-Mile” ▪ West dipping intrusive • 76m @ 1.39g/t Au • 28m @ 2.19g/t Au • 281m @ 1.03g/t Au (down-dip) GJDD003 • 229m @ 1.64g/t Au (down-dip) ▪ High-grade quartz veins GJDD001/002 • 4m @ 5.96
Slide 8: 8-Mile Drilling
8-Mile Drilling For personal use only Visible gold in quartz vein (GJDD002) Hanging wall sediments Runway quartz sulphide Foot wall breccia porphyry sediments (GJDD002) 8
Slide 9: "Marylebone" Target
“Marylebone” Target For personal use only ▪ New target with similar geology, structure and scale to nearby Paddington deposit ▪ Poorly drill tested prior to Miramar • single line of historic RC drilling ended in 4m @ 0.83g/t Au ▪ Phase 1 aircore drilling • 1600m x 300m zone of regolith gold anomalis
Slide 10: Marylebone – Paddington analogue?
Marylebone – Paddington analogue? For personal use only Marylebone: • No drilling since late 1990’s • Only 3 shallow RC holes and no DDH • Visible gold in qtz Similar: Geology Structure Scale Paddington: • Discovered 1984 • 4Moz produced • 6Moz Resource • 30m depletion zone Paddington deposit geolog
Slide 11: "Piccadilly" Target
“Piccadilly” Target For personal use only ▪ New target generated from phase 1 aircore drilling ▪ Half way between 8-Mile and Marylebone targets ▪ 850m x 300m gold anomaly • peak value 1m @ 4.5g/t Au ▪ Reprocessing of geophysical data suggests buried intrusion at intersection of NW-SE and N-S structu
Slide 12: Gidji – Next Steps
Gidji – Next Steps For personal use only ▪ Step-out diamond/RC drilling at 8-Mile ▪ Plan follow-up aircore/RC • Marylebone • Railway • Piccadilly ▪ Examine various geophysical methods to assist in drill targeting ✓ Historic gravity reprocessed ✓ Orientation IP survey completed ▪ Progress remaining t
Slide 13: Glandore
Glandore For personal use only ▪ Located 40km east of Kalgoorlie ▪ Close to existing and proposed mining and processing infrastructure ▪ Under-explored due to salt lake cover ▪ Heritage approvals received – Feb 21 ▪ Maiden lake drilling programmes planned 13
Slide 14: Glandore
Glandore For personal use only ▪ Widespread gold anomalism related to layered mafic complex intruded by granite ▪ Limited deep drilling (av. depth = 45m) ▪ East Target – mineralisation over 2km • 8m @ 22.5g/t Au (05GDDD003) • 4.1m @ 3.12g/t Au (GLD007R) • 5m @ 1.76g/t Au (GLD009) • Remains open to s
Slide 15: Murchison Projects
Murchison Projects For personal use only ▪ Large projects covering under-explored greenstone belts • Lang Well – high-grade historic rock chip samples and multiple untested auger anomalies – aircore planned • Lakeside – untested 8km long auger anomaly in concealed greenstone belt • Garden Gully – so
Slide 16: Gascoyne Projects
Gascoyne Projects For personal use only Two projects located within the Capricorn Orogen ▪ Whaleshark • Large BIF complex under Carnarvon Basin sediments ▪ Bangemall • Ni-Cu-PGE prospectivity recognised by WA and Aus governments • EM survey planned for Mt Vernon – Sept Qtr 16
Slide 17: Whaleshark
Whaleshark For personal use only ▪ Large folded BIF intruded by granite ▪ Basement depth ~120m ▪ Historic diamond drilling intersected anomalous gold in sulphidised BIF ▪ Prospective for • BIF-hosted gold • IOCG ▪ Work planned (Sept Qtr) • MMI soil sampling • Infill gravity • Ground/airborne EM 17
Slide 18: Geoscience Australia "Ni-Cu-PGE Atlas"
Geoscience Australia “Ni-Cu-PGE Atlas” For personal use only ▪ 2016 continental–scale assessment of tholeiitic intrusion-hosted Ni-Cu-PGE Bangemall potential ▪ Combined evidence of four key mineral system components ▪ Highlighted several areas not previously recognised • Southwest WA – Julimar disco
Slide 19: Bangemall – Mt Vernon
Bangemall – Mt Vernon For personal use only Tenement granted Jan 2021 Key ingredients: ▪ Located between two major crustal-scale faults ▪ Prot. dolerite sills ▪ GSWA Ni-Cu-PGE stream sed anomalism ▪ Large late-time AEM conductors ▪ Minimal Ni-Cu-PGE exploration ▪ EM survey planned for Jul/Aug 2021 1
Slide 20: Developing a pipeline of targets
Developing a pipeline of targets For personal use only Tenement Advanced Project Target Generation Drill Testing Applications Exploration The Jog Marylebone Gidji JV Claypan Piccadilly 8-Mile Lake Railway Glandore Glandore EL Glandore West Glandore East Randalls Randalls Lang Well Murchison Lakeside
Slide 21: Proposed work programme/news flow
Proposed work programme/news flow For personal use only Project Mar 21 Qtr Jun 21 Qtr Sep 21 Qtr Dec 21 Qtr Aircore Gidji JV RC Eastern DDH Goldfields gravity Glandore Lake drilling Randalls Tenement grant? Geochem/GPX Aircore/RC Lang Well gravity Aircore drilling Murchison Lakeside Whaleshark Geoch
Slide 22: Summary
Summary For personal use only Since listing on the ASX in Oct 2020 Miramar has: ▪ Discovered high-grade gold at Gidji ▪ Confirmed the potential for an extension to the 314koz Runway deposit ▪ Secured a strategic landholding in an emerging Ni-Cu-PGE province Miramar has the key ingredients to create
Slide 23: For personal use only
miramarresources.com.au | ASX:M2R
Miramar Resources — Investor Presentation (April 2021) on 6ix