Miramar Resources Limited · ASX:M2R
Miramar Resources — Investor Presentation (February 2021)
26 slides from Miramar Resources's investor presentation, Feb 1, 2021
Slide 1: Miramar Resources Ltd Investor Update February 2021
For personal use only Miramar Resources Ltd “Creating shareholder value through discovery” INVESTOR UPDATE – February 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: Miramar Resources
Miramar Resources For personal use only ▪ New WA-focussed mineral exploration company ▪ Listed on ASX in Oct 2020 following heavily oversubscribed $8M IPO ▪ Eastern Goldfields projects with potential for new gold discoveries in proximity to existing operations ▪ First drill program at Gidji JV highl
Slide 4: Creating Shareholder Value through discovery
“Creating Shareholder Value through discovery” For personal use only Acquire Add Value Monetise • Identify projects with • Advance projects • Realise project value unrealised potential using best practise by: • Acquire through: exploration • Development • Staking • Identify opportunities • JV Farm-o
Slide 5: Corporate Snapshot
Corporate Snapshot For personal use only ASX Code M2R Experienced Board Shares on Issue 55.1M Allan Kelly • Geologist/Geochemist/Manager (Executive Chairman) • 25+ years experience in mineral exploration, Options (20-25c) 17.2M development and production in Australia and Market Cap (@ 25c) $13.8M No
Slide 6: Eastern Goldfields Projects
Eastern Goldfields Projects For personal use only ▪ Three underexplored gold projects near Kalgoorlie: ▪ Gidji JV (80%) – strategic land position within major regional structure ▪ Glandore – 2km long zones of underexplored gold mineralisation ▪ Randalls – folded BIF adjacent to Silver Lake gold oper
Slide 7: Gidji JV (80%)
Gidji JV (80%) For personal use only “The cheapest house on the best street” ▪ Strategic landholding 15km N of Kalgoorlie, within Boorara Shear ▪ Along strike from 10 Moz Paddington* deposit ▪ Excellent access via Goldfields Highway and close to processing infrastructure ▪ Poorly explored despite pr
Slide 8: Gidji – Aircore
Gidji – Aircore For personal use only ▪ Maiden aircore drill programme completed Dec 2020* ▪ First drilling since 2013 ▪ 4km long mineralised structure linking Runway with the Boorara Shear ▪ Several holes end in >0.1g/t Au ▪ Multiple targets highlighted: ▪ Marylebone – Paddington analogue? ▪ 8-Mile
Slide 9: "Marylebone" Target
“Marylebone” Target For personal use only ▪ New target with geology, structure and scale similar to 10 Moz Paddington deposit ▪ 1600m x 300m zone of regolith gold anomalism >0.1g/t Au ▪ Poorly drill tested to date ▪ single line of historic RC drilling ended in 4m @ 0.83g/t Au ▪ Recent aircore drilli
Slide 10: "Marylebone" – Paddington analogue?
“Marylebone” – Paddington analogue? For personal use only Paddington (4Moz produced 6Moz Resource) Boorara Shear Zone “Marylebone” Target Paddington deposit geology (Morey et al, 2007) 10
Slide 11: 8-Mile – Runway extension?
8-Mile – Runway extension? For personal use only ▪ W-dipping intrusive body SE NW ▪ 281m @ 1.03g/t Au Tenement Boundary GJAC004 4m @ 0.12g/t Au ▪ 229m @ 1.64g/t Au ▪ 76m @ 1.39g/t Au ▪ 28m @ 2.19g/t Au DRILL GJAC010 4m @ 0.16g/t Au (EOH) ▪ High-grade quartz veins TARGET ▪ 1m @ 17.45g/t Au ▪ 2m @ 10.
Slide 12: Gidji - Underexplored
Gidji - Underexplored For personal use only Prime Location in close proximity to: ▪ Major deposits ▪ Main highway ▪ Processing infrastructure Poorly explored ▪ Shallow drilling – average depth <50m ▪ Minimal RC/diamond drilling ▪ No exploration since 2013 Multiple targets identified for testing ▪ 14
Slide 13: Gidji – Next Steps
Gidji – Next Steps For personal use only ▪ Infill aircore drilling ▪ Marylebone ▪ 8-Mile ▪ Railway ▪ RC follow-up ▪ Marylebone ▪ Railway ▪ Initial diamond drilling ▪ 8-Mile ▪ Examine geophysical methods to assist in refining drill targets ▪ Progress other tenements to grant 13
Slide 14: Glandore
Glandore For personal use only ▪ Located 40km east of Kalgoorlie ▪ Large gold footprint associated with mafic intrusive complex ▪ High-grade gold intercepts within favourable host rocks (dolerite, gabbro and porphyry) ▪ Bedrock results up to 8m @ 22.5g/t Au ▪ Episodic exploration since late 1980’s ▪
Slide 15: 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 16: Randalls
Randalls For personal use only ▪ Folded BIF - adjacent to Silver Lake Resources’ gold operations ▪ High grade rock chips along strike ▪ Minimal drilling/sampling within Miramar tenement ▪ Excellent access and within trucking distance of several mills ▪ Surface geochem/drilling planned following tene
Slide 17: Murchison Projects
Murchison Projects For personal use only ▪ Three large projects covering under- explored greenstone belts ▪ Lang Well – high-grade historic rock chip samples and multiple untested auger anomalies ▪ Lakeside – untested 8km long auger anomaly in concealed greenstone belt ▪ Garden Gully – strategic lan
Slide 18: Lang Well
Lang Well For personal use only ▪ Large remnant greenstone belt between Deflector, Golden Grove and Rothsay ▪ Historic rock chips up to 16g/t Au ▪ Multiple large auger Au anomalies ▪ Very poorly explored ▪ Minimal previous drilling ▪ No gold exploration since 2010 ▪ Upcoming work ▪ Infill regional g
Slide 19: Gascoyne Projects
Gascoyne Projects For personal use only Two projects located within the Capricorn Orogen ▪ Bangemall ▪ Ni-Cu-PGE potential (e.g. Nova, Nebo- Babel, Julimar etc) ▪ Prospectivity recognised by GSWA and Geoscience Australia ▪ Whaleshark ▪ Large mineralised BIF complex under Carnarvon Basin sediments 19
Slide 20: Geoscience Australia Ni-Cu-PGE Atlas
Geoscience Australia “Ni-Cu-PGE Atlas” For personal use only ▪ Continental–scale assessment of potential for tholeiitic intrusion-hosted Ni-Cu-PGE sulphide deposits ▪ Combined evidence of the four key mineral system components: ▪ energy sources/drivers of the ore- forming system ▪ crustal and mantle
Slide 21: Bangemall (Ni-Cu-PGE)
Bangemall (Ni-Cu-PGE) For personal use only First mover in a region with the key ingredients for a large Ni-Cu-PGE deposit: ✓ Deep crustal-scale faults adjacent to craton margins ✓ Large volume of Proterozoic dolerite dykes/sills ✓ Large regional Ni-Cu-PGE stream sediment anomalies ✓ Airborne EM con
Slide 22: Whaleshark
Whaleshark For personal use only ▪ EL Application over large folded BIF complex ▪ Basement depth ~120m ▪ Historic diamond drilling intersected anomalous gold in sulphidised BIF ▪ Prospective for ▪ BIF-hosted Au ▪ IOCG ▪ Work planned following tenement grant ▪ Soil sampling ▪ Infill gravity ▪ EM 22
Slide 23: Developing a Pipeline of Drill Targets
Developing a Pipeline of Drill Targets For personal use only Tenement Advanced Project Target Generation Drill Testing Applications Exploration Boorara Jog Marylebone Gidji JV Claypan New Target 8-Mile Lake Railway Glandore Glandore EL Glandore West Glandore East Randalls Randalls Lang Well Murchiso
Slide 24: Work programme and news flow
Work programme and news flow* For personal use only Project Dec 20 Qtr Mar 21 Qtr Jun 21 Qtr Sep 21 Qtr Aircore Aircore/RC Gidji JV DDH Eastern Goldfields Glandore Permitting Lake drilling? Randalls Tenement grant? Geochem/gpx Lang Well gravity Aircore Murchison Garden Gully geochemistry Whaleshark
Slide 25: Miramar - Key ingredients for success
Miramar - Key ingredients for success: For personal use only Highly Prospective Experienced Team A Clear Strategy Market Support Projects • Potential for new • Track record of • WA gold focus • Heavily gold discoveries successful • Aiming to create oversubscribed in the Eastern discovery, Shareholde
Slide 26: For personal use only
miramarresources.com.au | ASX:M2R
Miramar Resources — Investor Presentation (February 2021) on 6ix