Quarterly Activities & Cashflow Report

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Stock Miramar Resources Ltd (M2R.ASX)
Release Time 28 Apr 2026, 8:19 a.m.
Price Sensitive Yes
 Miramar Resources Quarterly Activities & Cashflow Report
Key Points
  • 19 hole RC drilling programme completed at Gidji JV Gold Project
  • Commenced assessing potential to define shallow gold resources
  • Site preparations completed for auger drilling at Chain Pool Project
Full Summary

Miramar Resources Ltd has provided a summary of its activities during the quarter ending 31 March 2026. Key highlights include:

Gidji JV Gold Project (Miramar 80%): A 19-hole RC drilling programme was completed, outlining coherent shallow gold mineralization at the Highway Prospect over a strike length of over 600m. Miramar is now assessing the potential to define one or more shallow gold resources at Gidji. The company also identified the 'Claypan' Prospect as a new target area and received POW approval for drilling.

Chain Pool Project: Site preparations were completed for an auger drilling campaign to follow up on high-grade copper-lead-silver rock chip results at the Joy Helen prospect.

Randalls Project: Miramar executed an option agreement with Ore Resources Ltd for the sale of the Randalls Project.

Corporate: Miramar raised $1.49 million and had $1.13 million cash at the end of the quarter. The company also announced board and management changes, with Jonathan Fisher appointed as Non-Executive Chairman and Marion Bush as the new Managing Director.

Outlook

Miramar remains focused on advancing the Gidji JV Gold Project, where it will continue to examine the potential to define shallow gold resources. The company will also progress its broader project portfolio, including conducting the planned auger drilling programme at the Chain Pool Project.