Miramar Resources Limited · ASX:M2R
Miramar Resources — Investor Presentation (March 2021)
30 slides from Miramar Resources's investor presentation, Mar 17, 2021
Slide 1: Miramar Resources Ltd – Investor Update March 2021
Miramar Resources Ltd “Creating shareholder value through discovery” INVESTOR UPDATE – March 2021 ASX: M2R
Slide 2: Disclaimer/Competent Person Statement
Disclaimer/Competent Person Statement 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 represent management's cur
Slide 3: Miramar Resources Ltd
Miramar Resources Ltd ▪ WA-focussed mineral exploration company ▪ Listed on ASX in Oct 20 following heavily oversubscribed IPO ▪ Three Eastern Goldfields projects with potential for new gold discoveries in proximity to existing operations ▪ First aircore drilling programme at Gidji JV returned high-
Slide 4: Corporate Snapshot
Experienced Board Corporate Snapshot Allan Kelly • (Executive Chairman) • Geologist/Geochemist/Manager 25+ years experience in mineral exploration, development and ASX Code M2R production in Australia and North Shares on Issue 55.1M America Market Cap (@ 22c) $12M • Founding MD, Doray Minerals Ltd (
Slide 5: Eastern Goldfields Projects
Eastern Goldfields Projects ▪ Three underexplored gold projects near Kalgoorlie: • Gidji JV (80%) – strategic land position within major regional structure • Glandore – 2km long zone of underexplored gold mineralisation • Randalls – folded BIF adjacent to Silver Lake gold operations ▪ Well located i
Slide 6: Gidji JV (80%)
Gidji JV (80%) ▪ Strategic landholding 15km N of Kalgoorlie ▪ Within Boorara Shear along strike from • Paddington (Norton) • Boorara (Horizon) ▪ Excellent access via Goldfields Highway and close to existing mining/processing infrastructure ▪ Poorly explored despite prime location ▪ Multiple targets
Slide 7: Gidji JV
Gidji JV ▪ Maiden aircore drill programme completed Dec 2020 ▪ Tested 4km long structure linking Runway with the Boorara Shear ▪ Multiple new targets highlighted: • Marylebone - high-grade gold in quartz vein (2m @ 7.7g/t Au ) • 8-Mile – Runway extension? • New target parallel to Runway • Railway –
Slide 8: “Marylebone” Target
“Marylebone” Target ▪ New target with similar geology, structure and scale to nearby Paddington deposit ▪ Poorly drill tested to date • single line of historic RC drilling ended in 4m @ 0.83g/t Au ▪ Recent aircore drilling: • 1600m x 300m zone of regolith gold anomalism >0.1g/t Au • visible gold in
Slide 9: Marylebone – Paddington analogue?
Marylebone – Paddington analogue? Paddington (4Moz produced 6Moz Resource) Boorara Shear Zone Kanowna Belle “Marylebone” Target 9
Slide 10: Marylebone – Paddington analogue?
Marylebone – Paddington analogue? 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 geology/structure (Morey et
Slide 11: 8-Mile Target
8-Mile Target Extension to 314koz Runway deposit? ▪ W-dipping intrusive body • 76m @ 1.39g/t Au Miramar • 28m @ 2.19g/t Au • 281m @ 1.03g/t Au (down-dip) • 229m @ 1.64g/t Au (down-dip) ▪ High-grade quartz veins in hanging wall • 4m @ 5.96g/t Au o incl. 0.4m @48.6g/t Au KCGM • 0.75m @ 17.45g/t Au ▪ M
Slide 12: 8-Mile Target – Runway extension?
8-Mile Target – Runway extension? “Runway” “8-Mile” SE (KCGM) (Miramar) NW DRILL TARGET Runway Deposit Inventory* Oxide: 21koz @ 2.98g/t Au Total: 314koz @ 1.39g/t Au * “Mineralisation Report for M26/843”, KCGM 2017 12
Slide 13: Gidji - Underexplored
Gidji - Underexplored 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 ▪ 15km strike of Boorara S
Slide 14: Gidji – Next Steps
Gidji – Next Steps ▪ Infill aircore drilling • Marylebone • 8-Mile • Railway • New Target ▪ Diamond drilling at 8-Mile ▪ Examine various geophysical methods to assist in drill targeting ▪ Progress remaining tenements to grant 14
Slide 15: Glandore
Glandore ▪ Located 40km east of Kalgoorlie ▪ Close to existing and proposed mining and processing infrastructure ▪ Mafic intrusive complex intruded by granite/porphyry ▪ High-grade gold intercepts within favourable host rocks (dolerite, gabbro) ▪ Bedrock results up to 8m @ 22.5g/t Au ▪ Episodic expl
Slide 16: Glandore
Glandore ▪ 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 south for ~800m ▪ West
Slide 17: East Target
East Target ‘oscDacos2 2m @ 6.37g/t Au (20m) incl? Coa ‘iat ia AN — EEE rl t@ 21gtAu(eom) | SGDACOAT 2m @ 2.85g)t Au (38m) Connie Pron titers >, 056000003 (00H) (® amend Hoe 8m @ 22.5git Au (87m) Aircore hole -Max Au | at 28-0 putea " el ke Ponty 908-0198 Glandore Project. oe tastes £8 6590 300mN So
Slide 18: Randalls
Randalls ▪ Folded BIF adjacent to Silver Lake Resources’ gold operations ▪ High grade rock chips along strike at “Pryde” and “Logan” prospects ▪ Minimal sampling/drilling within Miramar tenement ▪ Excellent access and within trucking distance of several mills ▪ Surface geochem/drilling planned follo
Slide 19: Murchison Projects
Murchison Projects ▪ 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 – sold to Sipa Resources for $150K cash/shar
Slide 20: Lang Well
Lang Well ▪ Underexplored 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 gravity data to refine
Slide 21: Gascoyne Projects
Gascoyne Projects Two projects located within the Capricorn Orogen ▪ Whaleshark ▪ Large mineralised BIF complex under Carnarvon Basin sediments ▪ Bangemall ▪ Ni-Cu-PGE potential (e.g. Nova, Nebo- Babel, Julimar etc) ▪ Prospectivity recognised by GSWA and Geoscience Australia 21
Slide 22: Whaleshark
Whaleshark ▪ 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 ▪ Soil sampling ▪ Infill gravity ▪ Ground/airborne EM 22
Slide 23: Geoscience Australia “Ni-Cu-PGE Atlas”
Geoscience Australia “Ni-Cu-PGE Atlas” ▪ Continental–scale assessment of tholeiitic intrusion-hosted Ni-Cu-PGE potential ▪ Combined evidence of the four key mineral system components: • energy sources/drivers of the ore- forming system Bangemall • crustal and mantle lithospheric architecture • sourc
Slide 24: Bangemall (Ni-Cu-PGE)
Bangemall (Ni-Cu-PGE) 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 conductors ▪ Minimal prev
Slide 25: Bangemall - Ni-Cu-PGE deposit model
Bangemall - Ni-Cu-PGE deposit model 25
Slide 26: Bangemall – Mt Vernon
Bangemall – Mt Vernon 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 ▪ Obtaining quotes for project-scale EM survey 26
Slide 27: Pipeline of Targets
Pipeline of Targets Tenement Advanced Project Target Generation Drill Testing Applications Exploration 8-Mile The Jog Marylebone Gidji JV Claypan New Target Lake Railway Glandore Glandore EL Glandore West Glandore East Randalls Randalls Lang Well Murchison Lakeside Bangemall Mt Vernon Gascoyne Whale
Slide 28: Proposed work programme/news flow
Proposed work programme/news flow* Project Mar 21 Qtr Jun 21 Qtr Sep 21 Qtr Dec 21 Qtr Aircore Gidji JV RC Eastern DDH Goldfields Glandore gravity Lake drilling Randalls Tenement grant? Geochem/GPX Aircore/RC Lang Well gravity Aircore drilling Murchison Lakeside Whaleshark Geochem/GPX Gascoyne Mt Ve
Slide 29: Summary
Summary Since listing on the ASX, Miramar has: ▪ Discovered high-grade gold at Gidji with its first drilling campaign and commenced follow-up drilling ▪ Progressed various other projects through permitting and/or tenement grant ▪ Increased its landholding in an emerging Ni-Cu-PGE province Miramar ha
Slide 30: miramarresources.com.au
miramarresources.com.au | ASX:M2R
Miramar Resources — Investor Presentation (March 2021) on 6ix