• EIS co-funded magnetic/VTEM survey identifies multiple large EM conductors prospective for Noril'sk-style Ni-Cu-PGE mineralisation
• Exploration JV with Sumitomo to target giant Noril'sk-style Ni-Cu-PGE deposits
• Miramar's Bangemall Projects cover 1,230 km2 of the Proterozoic Edmund and Collier Basins

Miramar Resources Limited (ASX:M2R) is pleased to advise that preliminary data from the recent EIS co-funded magnetic/Versatile Time Domain Electromagnetic (VTEM) survey at Bangemall has highlighted multiple large conductors which may be related to Noril'sk-style nickel (Ni) copper (Cu) and platinum group element (PGE) mineralisation. Miramar's Executive Chairman, Mr Allan Kelly, said the scale of the new conductors compared favourably to deposits within the giant Noril'sk-Talnakh camp in Siberia, which contains some of the world's largest and most valuable mineral deposits of any kind. Miramar began exploring for Noril'sk-style mafic intrusion-hosted Ni-Cu-PGE deposits in 2021 and, in February 2025, announced that EIS co-funded RC drilling at Mount Vernon had discovered nickel and copper sulphides within differentiated Kulkatharra Dolerite sills for the first time. In August 2025, Miramar announced it had signed a Non-Binding Term Sheet for a proposed Exploration JV with Sumitomo Metal Mining Oceania Pty Ltd ('SMMO') over the Bangemall Project. Miramar's 100%-owned Bangemall Projects cover approximately 1,230 km2 of the Proterozoic Edmund and Collier Basins where they are intruded by multiple 1070Ma-aged Kulkatharra Dolerite sills, part of the continental-scale Warakurna Large Igneous Province.

Miramar is waiting on final data from the VTEM survey and, once the data is received and processed, will plan follow-up work including mapping, rock chip sampling and ground EM surveys, along with heritage surveys where necessary.