Miramar Resources (ASX: $M2R) exploration update

Miramar Resources Limited (ASX: $M2R) is pleased to provide an update on its gold and nickel exploration programmes in the Eastern Goldfields and Gascoyne region projects. The company is working towards the maiden Bangemall Ni-Cu-Co-PGE drill campaign and has outlined targets for RC drill testing at the Gidji JV gold project north of Kalgoorlie. Miramar has also submitted a new tenement application over an 11-kilometre long aircore gold anomaly with similarities to the +2Moz Invincible gold deposit.

Executive Commentary on Exploration Progress

The Company's Executive Chairman, Mr Allan Kelly, highlighted the significant value of the Eastern Goldfields exploration project portfolio, especially in the current record gold price environment. He emphasized the progress made in advancing key projects and expanding the land position through strategic tenement applications. Mr Kelly also expressed the potential for a new style of nickel mineralisation in the Bangemall Projects and the significant value of the gold projects, particularly the Gidji JV Project, where multiple new gold discoveries have been made.

Exploration Update Summary and Outlook

Miramar Resources (ASX: $M2R) is making progress in its exploration plans, aiming to demonstrate the 'proof of concept' of its Norilsk-style deposit model by discovering Ni-Cu-Co-PGE sulphide mineralisation. The company has received Programme of Work (POW) approval for the maiden drill programme and is working towards completion during mid-2024. Additionally, Miramar has made several new gold discoveries at the Gidji JV Project and has submitted a new Exploration Licence Application over a large 11-kilometre long aircore gold anomaly with similarities to the +2 million ounce 'Invincible' gold deposit. The company plans to reprocess regional and project-scale geophysical data to refine the structural interpretation of the Project and follow up with RC drilling of selected targets. Miramar Resources aims to create shareholder value through the discovery of high-quality mineral deposits in the Eastern Goldfields and Gascoyne regions of WA.