Miramar Resources capital raising announcement

Miramar Resources Limited (ASX: $M2R) has successfully secured firm commitments from sophisticated investors to raise approximately $1.7 million through a $546,600 Placement and a non-renounceable Rights Issue. The funds will be allocated to upcoming exploration programs at the Company's Bangemall Ni-Cu-Co-PGE projects, Gidji JV Gold Project, and potential corporate activities.

Executive Chairman's commentary on the capital raising

Funds raised through the Placement and Rights Issue will be crucial for advancing our exploration programs at the Bangemall Projects and the Gidji JV Gold Project. We are excited about the potential for discovery in the Gascoyne region and look forward to the maiden drilling program at Bangemall. I extend my gratitude to both existing and new sophisticated investors for their participation in the placement and encourage existing shareholders to take part in the rights issue.

Summary of Miramar Resources' capital raising and future plans

Miramar Resources (ASX: $M2R) has successfully raised approximately $1.7 million through a Placement and non-renounceable Rights Issue. The funds will be utilized for exploration programs at the Bangemall Ni-Cu-Co-PGE projects, Gidji JV Gold Project, and potential corporate activities. The Company aims to progress its projects and is optimistic about the potential for discovery in the Gascoyne region. Shareholders are encouraged to participate in the Rights Issue, and the Company looks forward to the maiden drilling program at Bangemall. Miramar Resources remains focused on creating shareholder value through the discovery of high-quality mineral deposits.