Miramar Resources Ltd. announces multiple drill targets in Western Australia

Miramar Resources Limited (ASX: $M2R) has announced the identification of multiple drill targets at its Mount Vernon and Trouble Bore Projects in the Gascoyne region of Western Australia. The ground electromagnetic (EM) surveys have outlined large shallow Ni-Cu-Co-PGE targets for RC drill testing, showing regional, project, and target-scale similarities to the giant Norilsk Ni-Cu-Co-PGE deposits.

Executive Chairman's perspective on the exploration

The Executive Chairman, Mr Allan Kelly, expressed excitement about the district-scale opportunity evolving within the Bangemall Projects and the upcoming maiden drilling campaign. He highlighted the potential of mafic intrusion-hosted deposits and the immunity to short-term fluctuations in the nickel price. Mr Kelly emphasized the presence of all the essential ingredients for the formation of this type of deposit at Mount Vernon and Trouble Bore, including nickel and copper-bearing dolerite sills, evidence of differentiation, and indications of accumulations of conductive sulphides within and/or beneath the sills.

Exploration outlook and strategic focus

Miramar Resources Ltd. has completed ground EM surveys at its Mount Vernon and Trouble Bore Projects, identifying multiple large shallow Ni-Cu-Co-PGE targets for RC drill testing. The company aims to demonstrate the 'proof of concept' of the Norilsk-style deposit model by discovering Ni-Cu-Co-PGE sulphide mineralisation. Miramar's strategic focus on areas containing key ingredients and/or regional-scale indicators for Proterozoic Ni-Cu-PGE mineralisation reflects its ambition to create shareholder value through the discovery of high-quality mineral deposits. The upcoming work programme includes systematic rock chip sampling and preparation for the maiden drilling campaign, marking significant progress from regional-scale area selection to the delineation of individual drill targets.