• Underexplored Ashburton Basin project with Au-Cu-Sb mineralization
• Outcropping mineralization with no recent exploration or drilling
• Adds to Miramar's strategic portfolio in the Gascoyne region

Miramar Resources Limited (ASX:M2R) has negotiated an exclusive 6-month option to purchase the underexplored 'South Ashburton' gold, copper and antimony Project in the Gascoyne region of Western Australia. The Project comprises a single tenement application, E08/3790, covering 188 km2 and is located within the Ashburton Basin, the same geological province that hosts the Paulsens, Mt Olympus and Mt Clement Au-Cu-Sb deposits. The Project has multiple significant historic rock chip results for gold, copper and antimony, with the mineralization style analogous to the Paulsen's gold deposit. Despite the outcropping Au-Cu-Sb gossans, the Project has had no fieldwork in the last 10 years and no drilling since 1991, providing an opportunity for Miramar to generate immediate exploration targets using modern methods. The option agreement involves an initial $25,000 cash payment, with Miramar responsible for managing the tenement application during the option period. To exercise the option, Miramar will make a $50,000 cash payment, issue $150,000 worth of shares, and grant the tenement applicant a 1% gross smelter royalty. This project adds to Miramar's strategic portfolio of gold and critical minerals projects in the Gascoyne region, complementing their focus on the Gidji JV Gold Project in the Eastern Goldfields.