AGM Presentation

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Stock Miramar Resources Ltd (M2R.ASX)
Release Time 27 Nov 2025, 12:24 p.m.
Price Sensitive Yes
 Miramar Resources Ltd AGM Presentation
Key Points
  • Gidji JV Gold Project: Aircore drilling expands targets, SAM survey outlines bedrock conductors
  • Bangemall Cu-Ni-PGE Project: Noril'sk-style deposit concept proven at Mt Vernon, VTEM survey highlights conductors
  • Chain Pool Cu-Pb-Ag-Zn Project: Soil sampling outlines large SEDEX targets
Full Summary

Miramar Resources Ltd presented an update on its key projects at its Annual General Meeting. At the Gidji JV Gold Project, aircore drilling has expanded the Blackfriars and Highway targets with multiple new results over 1g/t Au. A SAM survey has also outlined bedrock conductors under the Gidji Paleochannel. RC drilling has intersected a northern extension to the '8-Mile Dam' deposit, and multiple bedrock targets have been identified for testing in H1 2026. At the Bangemall Cu-Ni-PGE Project, the Noril'sk-style deposit concept has been proven at Mt Vernon, and an EIS co-funded VTEM survey has highlighted multiple conductors. At the Chain Pool Cu-Pb-Ag-Zn Project, soil sampling has outlined large SEDEX targets. Corporately, Miramar completed a $1.8M placement and a $409,000 Share Purchase Plan, and has an option to sell the Randalls Project to Future Battery Minerals (ASX:FBM).

Outlook

Miramar has planned a substantial RC drilling campaign for H1 2026 to systematically test bedrock targets at the Gidji JV Gold Project. At the Bangemall Project, the company will conduct further micro-XRF analysis, ground truthing of VTEM anomalies, ground EM, and RC/diamond drilling. At the Chain Pool Project, auger and aircore drilling is planned for Q2 2026. At the Whaleshark Project, an infill gravity/MT survey will be conducted to refine drill targets in Q1-2 2026.