Bangemall Geophysics EIS Refund Received

• $250,000 refund received for EIS co-funded magnetic/VTEM survey
• Geophysics highlights large conductors potentially related to Norilsk-style Ni-Cu-PGE mineralization
• Upcoming work includes modeling, ground truthing, and identification of potential drill targets

Miramar Resources Limited has received a refund of $250,000 related to the detailed geophysical survey conducted at the company's Bangemall Cu-Ni-Co-PGE Project in Western Australia. The survey, which was co-funded through the Western Australian Government's Exploration Incentive Scheme (EIS), utilized magnetic and Versatile Time-Domain Electromagnetic (VTEM) techniques and has highlighted multiple large conductors that may be related to Norilsk-style nickel, copper, and platinum group element (PGE) mineralization. Miramar's Executive Chairman, Allan Kelly, noted that the scale of the new conductors is comparable to the deposits within the giant Norilsk-Talnakh Cu-Ni-PGE camp in Siberia, which contains some of the world's largest and most valuable mineral deposits. Miramar began exploring for Norilsk-style mafic intrusion-hosted Ni-Cu-PGE deposits in 2021 and has already discovered disseminated nickel and copper sulphides within differentiated Kulkatharra Dolerite sills at the Mount Vernon prospect. The company has also signed a non-binding term sheet for a proposed exploration joint venture with Sumitomo Metal Mining Oceania Pty Ltd over the Bangemall Project. Upcoming work includes modeling of the final VTEM data, ground truthing of VTEM conductors, and identification of potential drill targets.