Tillkännagivande • Jul 13
Miramar Resources Limited Reports High-Grade Copper-Lead-Silver Results from Chain Pool Miramar Resources Limited received further high-grade results from rock chip sampling completed at the high-grade Joy Helen copper-lead-silver prospect during the recent auger drilling campaign. The Joy Helen prospect is located within Miramar’s 100%-owned Chain Pool Project in the Gascoyne region of Western Australia and contains high-grade Cu-Pb-Ag mineralisation with similarities to Sedimentary Exhalative deposits in Queensland and the Northern Territory. A limited number of rock chip samples were collected during the recent auger drilling campaign. MR0012 and MR0013 were collected almost 200m east of the historic workings and close to an interpreted basin-margin fault highlighted in the recent gravity survey and a copper-in-soil anomaly. MR0013 shows relict textures like the breccia ore observed at the main Joy Helen workings, including weathered iron-carbonate nodules, and contains strongly anomalous Ba. In the halos around large SEDEX deposits like Mount Isa and Abra, Ba values are commonly in the 1000’s of ppm. The high Ba values in the weathered samples indicates that MR0013 could represent a halo to additional SEDEX mineralisation away from the main Joy Helen workings. Further modelling of the detailed gravity data highlights multiple basin-margin faults with similarities to Mount Isa where gravity lows are associated with oxidation along a fault and gravity highs with silica dolomite alteration with contribution from Zn-Pb-Ag mineralization. The strongest residual gravity anomalies at Joy Helen are associated with silicified dolomite at surface. Table 1. Summary of recent rock chip sampling Sample No. Easting Northing Au ppm Ag ppm Ba ppm Cu % Pb % Sb ppm Zn ppm Comments MR0009 374464 7428358 0.024 16.7 2930 6.28 15.5 23 1441 Malachite ore MR0010 374464 7428358 0.053 33.0 2937 2.89 46.5 23 720 Galena ore MR0011 374464 7428358 0.061 47.7 842 6.72 47.8 29 945 Galena-malachite ore MR0012 374744 7428618 BDL BDL 598 0.03 0.29 BDL 14 Silicified dolomite with sulphide pits MR0013 374744 7428618 BDL BDL 5790 0.03 0.19 BDL 13 Weathered breccia BDL – below detection limit. The Company is currently waiting on the results from auger drilling recently completed at the Project and has been advised by the laboratory that results are expected in mid-July. Once all results have been received, the Company will finalise plans for further work programmes including a passive seismic HVSR survey to aid in mapping the basement topography and faulting, and the first dedicated bedrock drilling campaign at the Project. The Joy Helen prospect is hosted in carbonate rocks located adjacent to a major growth fault at the edge of the Edmund Basin with the same zoned carbonate alteration halo with increasing base metal values towards the proximal siderite zone as seen in the typical SEDEX model. The presence of secondary copper and the absence of any appreciable zinc mineralisation at Joy Helen to date is consistent with zonation of mineralisation seen at other SEDEX deposits, where (primary) copper mineralisation forms closer to the vent whilst Pb-Zn mineralisation can be distal and/or deeper. Given the regional setting, the lack of any substantial drilling or any project-scale geophysics, and the information gathered to date, Miramar believes the Joy Helen occurrence could be the tip of the iceberg of a potentially significant SEDEX deposit. The Chain Pool Project is located approximately 275km northeast of Carnarvon, in the Gascoyne region of Western Australia and consists of a single 100%-owned Exploration Licence, E08/3676. The Project straddles the boundary between a Durlacher Supersuite granite, which hosts the Yangibana and YIN REE deposits, and the Edmund Basin, which hosts the high-grade Joy Helen Cu-Pb-Ag occurrence. The Project has been crosscut by later N-S trending dolerite dykes of the 750Ma “Mundine Well Suite” which hosts Ni-Cu-Co-PGE sulphide mineralisation within the “Money Intrusion” further south. A large magnetic and gravity anomaly appears to indicate a buried intrusion that could have been a source of heat and/or fluids for the mineralisation at Joy Helen. Miramar applied for E08/3676 in December 2023, and it was granted in August 2024. Initial reconnaissance rock chip sampling around the Joy Helen workings in July 2024, prior to the grant of the tenement, returned several high-grade Cu-Pb-Ag results. Subsequent rock chip sampling confirmed and extended the known mineralisation. The Project has potential for various styles of mineralisation including: SEDEX Pb-Zn-Ag mineralisation hosted in the Irregully Formation; Carbonate-hosted “Mississippi Valley Type” (MVT) Pb-Zn mineralisation; and Mafic intrusion-hosted magmatic Ni-Cu-Co-PGE sulphide mineralisation hosted in dolerite dykes of the 755Ma Mundine Well Suite. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman Jono Fisher was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman Jono Fisher was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Jono Fisher was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Dec 09
Miramar Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.488173 million. Miramar Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.488173 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 298,730,800
Price\Range: AUD 0.0025
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 696,538,400
Price\Range: AUD 0.0025
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Tillkännagivande • Oct 07
Miramar Resources Limited, Annual General Meeting, Nov 27, 2025 Miramar Resources Limited, Annual General Meeting, Nov 27, 2025. Board Change • Aug 18
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Technical Director & Director Marion Bush was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Tillkännagivande • Jul 23
Miramar Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million. Miramar Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 299,046,985
Price\Range: AUD 0.003344 Tillkännagivande • Apr 12
Miramar Resources Limited Announces Drilling Underway at Gidji JV Gold Project Miramar Resources Limited advised that drilling is underway at the Gidji JV Project in the world-class Eastern Goldfields Province of Western Australia. Miramar's 80%-owned Gidji JV Project is located approximately 15 kilometres north of Kalgoorlie and surrounded by multiple gold mining and processing operations, including Northern Star Resources Limited's Kalgoorlie gold operations at Fimiston (Super Pit), Mount Charlotte and Kanowna Belle. Miramar's Executive Chairman, Mr. Allan Kelly, said the current drilling programme will infill and extend the Marylebone, Blackfriars and Highway gold discoveries whilst continuing to probe for bedrock gold mineralisation. Tillkännagivande • Apr 03
Miramar Resources Limited Secures Drill Rig for Upcoming Gold Exploration Drilling at the Gidji JV Project Miramar Resources Limited announced that it has secured a drill rig for upcoming gold exploration drilling at the Gidji JV Project in the world-class Eastern Goldfields Province of Western Australia. Miramar's 80%-owned Gidji JV Project is located approximately 15 kilometres north of Kalgoorlie surrounded by multiple gold mining and processing operations, including Northern Star Resources Limited's Kalgoorlie gold operations. Drilling is planned to commence within the next week. Tillkännagivande • Feb 13
Miramar Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.8 million. Miramar Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 59,523,492
Price\Range: AUD 0.003
Discount Per Security: AUD 0.00018
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 540,476,508
Price\Range: AUD 0.003
Discount Per Security: AUD 0.00018
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Dec 31
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Technical Director & Director Marion Bush was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Tillkännagivande • Oct 04
Miramar Resources Limited, Annual General Meeting, Nov 14, 2024 Miramar Resources Limited, Annual General Meeting, Nov 14, 2024. Tillkännagivande • Jul 24
Miramar Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.579118 million. Miramar Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.579118 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 197,389,780
Price\Range: AUD 0.008
Discount Per Security: AUD 0.00048
Security Features: Attached Options
Transaction Features: Rights Offering Tillkännagivande • Jun 27
Miramar Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.466609 million. Miramar Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.466609 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,217,386
Price\Range: AUD 0.012
Discount Per Security: AUD 0.00072
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,666,667
Price\Range: AUD 0.012
Discount Per Security: AUD 0.00072
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Apr 04
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Technical Director & Director Marion Bush was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Mar 18
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Technical Director & Director Marion Bush was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 01
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Technical Director & Director Marion Bush was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jan 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Technical Director & Director Marion Bush was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 14
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Technical Director & Director Marion Bush was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Oct 02
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Technical Director & Director Marion Bush was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Tillkännagivande • Sep 30
Miramar Resources Limited, Annual General Meeting, Nov 08, 2023 Miramar Resources Limited, Annual General Meeting, Nov 08, 2023. New Risk • Sep 21
New major risk - Revenue and earnings growth Revenue has declined by 100% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.9m free cash flow). Shares are highly illiquid. Revenue has declined by 100% over the past year. Shareholders have been substantially diluted in the past year (111% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$7.00m market cap, or US$4.51m). Board Change • Aug 21
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Technical Director & Director Marion Bush was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Jul 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.7m free cash flow). Shares are highly illiquid. Revenue has declined by 94% over the past year. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m (AU$8.3k revenue, or US$5.6k). Market cap is less than US$10m (AU$4.88m market cap, or US$3.29m). Board Change • Jul 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Technical Director & Director Marion Bush was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jun 02
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Technical Director & Director Marion Bush was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 16
First half 2023 earnings released: AU$0.009 loss per share (vs AU$0.01 loss in 1H 2022) First half 2023 results: AU$0.009 loss per share. Net loss: AU$632.2k (loss widened 16% from 1H 2022). Board Change • Feb 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Technical Director & Director Marion Bush was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Feb 08
Miramar Resources Limited Completes an Initial Aircore Drilling Campaign At the Company's 100%-Owned Lang Well Project in the Murchison Region of WA Miramar Resources Limited announced that it has completed an initial aircore drilling campaign at the Company's 100%-owned Lang Well Project in the Murchison region of WA ("Lang Well" or "the Project"). The Company has completed an initial programme of aircore holes at the "Toben Bore" target where historical aircore drilling in 2010 returned elevated Lanthanum (La) and Cerium (Ce) results in several holes and 4m @ 1500ppm TREO (28-32m) in the only sample assayed for rare earth elements (REE's). No other REE analysis was conducted at the time and no follow-up work was completed until Miramar secured the Project in 2020, with the recent drilling the first on the Project since 2010. The Company also completed a second line of aircore holes along a N-S fence line track over a combined La and Ce anomaly in reconnaissance soil samples collected by Miramar in 2020. The recent soil anomaly is also coincident with a historic Samarium and gold auger anomaly. The samples from the recent programme have been submitted for analysis of gold and multi-elements, including a full REE suite. Further aircore drilling is planned pending the results of this programme and the grant of the neighbouring Exploration Licence application. The Lang Well Project is located in the Murchison region of Western Australia, roughly halfway between the Deflector and Golden Grove mining operations. The Project consists of one granted and one pending Exploration Licence, covering 291 square km, and is considered prospective for gold and/or REE mineralisation. Tillkännagivande • Feb 04
Miramar Resources Limited Announces Large Exploration Target Highlights Gidji JV Gold Potential Miramar Resources Limited outlined an initial gold Exploration Target at the Company's 80%-owned Gidji JV Project in the Eastern Goldfields of WA (‘Gidji’ or ‘the Project’). An initial shallow gold Exploration Target of 1.3 to 3.1 million tonnes, at a grade of 1.2 - 1.5g/t Au, has been estimated for the Marylebone target The Exploration Target was estimated from aircore, RC and diamond drilling conducted by the Company since commencing exploration at Gidji in late 2020 and is currently restricted to the shallow supergene and/or alluvial gold mineralisation encountered within the Marylebone target. According to the parameters of the Exploration Target, the Marylebone target could conceivably contain 55,000 - 155,000 ounces of gold and appears similar to the historic Panglo gold deposit, which reportedly had a maiden supergene gold resource of approximately 117,000 ounces in 1987 Other large aircore footprints similar in size to Marylebone, including the Blackfriars and Highway targets, have not been included in the Exploration Target at this stage, due to a relative lack of drilling data when compared with Marylebone. The initial Exploration Target estimate (‘the Estimate’) was prepared by Miramar's Executive Chairman, Mr. Allan Kelly, who is a ‘Competent Person’. The Estimate utilised a subset of the Miramar drilling database, comprising 121 aircore holes (7,726), 26 RC holes (4,007m) and 1 diamond hole (190.75m) drilled over the Marylebone target, as well as limited historical drilling data from various previous tenement holders. Drilling intersected supergene and/or alluvial gold mineralisation in a sub-horizontal layer within and/or beneath later paleochannel sediments. examples of this mineralisation. Drill hole spacing averages 80 x 50m but can be up to 400m x 100m in some areas. Hole depths for vertical aircore holes drilled to ‘blade refusal’ range from 3m to 108m, with an average depth of 52m. The RC and diamond holes were angled and drilled to a down-hole depth of between 180 - 240m. Aircore holes drilled at Gidji before August 2021 (approximately 400 holes) were initially sampled as 4m composites for the entire hole and assayed for low-level gold and a multi-element suite via aqua-regia digest followed by analysis by ICPMS. Composite samples returning above 250ppb Au (i.e. 0.25g/t Au) were re-sampled as 1 metre resplits and re-assayed whilst any composite or resplit samples returning over the upper detection limit of 2,000ppb Au (i.e. 2g/t Au) were also routinely re-assayed by fire assay. After August 2021, a modified sampling procedure was implemented to avoid sampling and assaying the overlying paleochannel sediments. Once the base of alluvial material (‘BOA’) is identified: · The 4m interval containing the BOA is split into two samples: one above and one below the BOA · A single 4-meter composite sample is taken directly above the upper BOA sample · 4-meter samples are then taken below the lower split BOA sample to the end of hole Quality control (QAQC) samples were inserted at a frequency of 4 QAQC samples (standards, blanks, duplicates) per 100 samples. A range of gold standards were used and no issues were identified. A lower cut-off grade of 0.2g/t Au was used to define the Exploration Target domains with a top cut of 7g/t Au applied to the Marylebone data. Within the Marylebone target, a number of RC holes and 1 diamond drill hole were drilled underneath the mineralised aircore holes. This RC drilling mostly confirmed the tenor of the aircore gold assay results and that there was no down- hole ‘smearing’ of high-grade results evident in the aircore holes. The Estimate uses a minimum vertical thickness of 1 meter and an average thickness of 2 meters. As the mineralisation is sub-horizontal and the aircore drilling is vertical, the intersections are interpreted to represent the ‘true width’ of the mineralisation. At this stage, no specific gravity measurements have been taken for either the aircore or RC drilling samples. To calculate tonnages, the Company has therefore used theoretical SG values from 2.3 g/cm3 to 2.5 g/cm3, which is comparable with published data for other deposits in the area. Further work will be required to convert the initial Exploration Target estimate to a JORC-compliant Mineral Resource, including increasing the drill density with further RC drilling and fire assay analysis, and conducting systematic specific gravity measurements across several holes. The Company will continue exploring for bedrock gold mineralisation at Gidji, including under the Marylebone Exploration Target. Tillkännagivande • Jan 31
Miramar Resources Limited Announces Drilling Underway At Lang Well REE Target Miramar Resources Limited announced the commencement of aircore drilling at the Company's 100%-owned Lang Well Project in the Murchison region of WA. The Company has commenced a programme of aircore holes testing around a historical drill hole which intersected shallow REE mineralisation, including 4m @ 1,500ppm TREO. In 2009, previous explorers at Lang Well identified several large auger anomalies in gold and Samarium, which was the only REE analysed at the time. Limited follow-up aircore drilling at the in 2010 identified highly anomalous Lanthanum and Cerium results in several holes, with follow-up REE analysis of a single sample in BADAC33 returning 4m @ 1,500ppm TREO from 28-32m. No further REE analysis was conducted and no follow-up work was ever completed. Tillkännagivande • Jan 21
Miramar Resources Limited Provides an Update on Nickel Exploration At Its 80%-Owned Gidji JV Project in the Eastern Goldfields of Western Australia Miramar Resources Limited provided an update on nickel exploration at its 80%-owned Gidji JV Project in the eastern Goldfields of Western Australia. Re-analysis of multiple aircore holes has produced further significant platinum (Pt) and/or palladium (Pd) assays associated with high nickel (Ni) and/or copper (Cu) results, increasing the potential for the presence of nickel sulphide mineralisation. The Gidji JV Project ("Gidji" or "the Project") is located approximately 15km north of Kalgoorlie and, aside from the significant gold discovery potential, contains multiple ultramafic units, including the "Highway Ultramafic" which hosts the historic Scotia nickel mine and Auroch Minerals Limited's "Saints" nickel deposit (Figure 1). Following the recognition of elevated Pt and Pd results from re-assay of a limited number of aircore holes with high Ni and/or Cu assays (Figure 2), the Company recently completed further re-assaying of multiple additional aircore holes. Multiple additional significant Pt and/or Pd results are seen related to two ultramafic units, with combined assays up to 200ppb (Figures 3 and 4). As a result of the extensive surficial cover, and the lack of any outcrop, there has been minimal previous nickel exploration within the Gidji Project tenements. The Company has now outlined at least two prospective basal contact targets, on the eastern side of the Highway Ultramafic unit, and a second ultramafic unit further to the west. Miramar is planning to cover these highly prospective nickel targets with a ground electromagnetic (EM) survey, followed by RC and/or diamond drilling of the basal contact targets. Tillkännagivande • Jan 17
Miramar Resources Limited Announces Multiple Large REE Targets Identified at Dooley Downs Miramar Resources Limited announced that it has received the final processed data for the detailed aeromagnetic and radiometric survey recently flown over the Company's 100%-owned Dooley Downs Project, in the Gascoyne region of Western Australia. Dooley Downs is located within the Capricorn Orogen, which hosts the Yangibana REE Project and recent REE discoveries including by Dreadnought Resources Ltd. and Lanthanein Resources Ltd. The magnetic and radiometric survey has identified several large magnetic and/or radiometric anomalies over a strike length of approximately 35km, highlighting the potential for multiple unmapped intrusions, including carbonatites capable of hosting rare earth element (REE) mineralisation. Magnetic/Radiometric Survey: In late 2022, the Company commissioned a detailed airborne magnetic and radiometric survey across the Dooley Downs Exploration Licence, E09/2484, which highlighted a number of magnetic and/or radiometric features resembling igneous intrusions within the Edmund Basin. A number of ovoid magnetic features, ranging in size from 600m x 600m to 6km x 2km, have been identified in the central and southeastern part of the Project. The largest of the magnetic anomalies had previously been mapped as an anticline within sediments of the Edmund Basin, however the new magnetic data, along with a large radiometric anomaly, suggests the presence of a buried intrusion. A number of smaller radiometric anomalies are seen in the southeast of the Project and are located within and/or on the margin of the intrusions interpreted from the magnetic data. A high priority target has been identified where the strongest of the smaller radiometric anomalies is located over a circular magnetic low approxiately 800m across. The new "Eden Bore" target appears to have the "classic" carbonatite signature consisting of a central magnetic low, coincident with a Uranium and/or Thorium anomaly, surrounded by Potassium anomalism potentially related to peripheral fenite alteration. 2023 Bangemall work programmes: Miramar is planning to conduct further work at Dooley Downs in 2023, including more detailed ground geophysics and/or geochemical surveys with the aim of defining drill targets for testing. The Company completed a follow-up reconnaissance fieldtrip in late 2022 and has secured the ground immediately to the southeast with an Exploration Licence application, E08/2647. Given the high-quality data produced from this survey, Miramar plans to fly similar detailed magnetic and radiometric surveys over its other Bangemall Project tenements once granted. The Company is also planning mapping and sampling over the Mount Vernon target during 2023, with the aim of identifying Ni-Cu-PGE mineralisation associated with Proterozoic dolerite dykes and sills. Board Change • Jan 04
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Technical Director & Director Marion Bush was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Technical Director & Director Marion Bush was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.