• Miramar's Bangemall Project covers 1,230 km2 of the Proterozoic Edmund and Collier Basins
• Recent VTEM survey identified multiple large late-time conductors potentially representing Norilsk-style Cu-Ni-PGE mineralization
• Miramar will not proceed with proposed Exploration JV with Sumitomo, but will continue exploration at Bangemall in 2026

Miramar Resources Limited (ASX:M2R) provides an update on its Bangemall copper-nickel-platinum group element Project ('Bangemall' or 'the Project'), located in the Gascoyne region of Western Australia. Miramar's 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. The region has been recognized as having significant potential for Noril'sk-style mineralization, and Miramar is the first company to specifically target this style of mineralization in the area. Since commencing exploration in 2021, Miramar has successfully demonstrated the existence of differentiated dolerite sills containing mafic cumulate rocks and disseminated nickel and copper sulphides. A recently completed detailed VTEM survey has identified multiple large late-time conductors which could represent Norilsk-style Cu-Ni-PGE sulphide mineralization. The Company advises that it will not be proceeding with the proposed Exploration JV over the Bangemall Project with Sumitomo Metal Mining Oceania Pty Ltd (SMMO). Miramar's Executive Chairman, Mr Allan Kelly, stated the Company remains excited about the Project's potential to host a significant Norilsk-style deposit and will continue exploration at this highly prospective project in 2026.

Miramar will focus its exploration efforts on the Gidji JV Gold Project in 2026, where deeper drilling is planned at multiple bedrock gold targets. The Company will also continue working at the Bangemall project in 2026, including by applying for additional EIS co-funding and looking for another potential JV partner to help unlock a significant discovery at this exciting project.