Miramar Resources has expanded its gold exploration footprint with promising new targets at the Gidji JV and confirmed a Noril’sk-style deposit at Bangemall, backed by a $2.2 million capital raise to fund upcoming drilling campaigns.
- Multiple new gold results exceeding 1g/t at Gidji JV Gold Project
- Noril’sk-style copper-nickel-PGE mineralisation confirmed at Bangemall
- Large SEDEX-style copper-lead-silver-zinc targets identified at Chain Pool
- Raised $2.2 million through placement and share purchase plan
- Planned systematic bedrock drilling in H1 2026 across key projects
Expanding Gold Horizons at Gidji JV
Miramar Resources Ltd has reported significant progress in its 2024/25 exploration campaign, particularly at the Gidji JV Gold Project, located just 15 kilometres from Kalgoorlie. The company’s aircore drilling has expanded the Blackfriars and Highway targets, delivering multiple new gold intercepts exceeding 1 gram per tonne. These shallow discoveries, averaging less than 60 metres in depth, suggest the potential for a new gold camp in the Eastern Goldfields Province, a region renowned for prolific gold production.
Geophysical surveys, including a SAM survey, have outlined substantial bedrock conductors beneath the Gidji Paleochannel, setting the stage for a systematic bedrock drilling program planned for the first half of 2026. This campaign aims to test multiple high-priority targets such as the northern extension of the 314,000-ounce 8-Mile Dam deposit and other yet-untested zones like the Jog and Lake targets.
Confirming Noril’sk-Style Mineralisation at Bangemall
At the Bangemall Cu-Ni-PGE Project, Miramar has validated a Noril’sk-style deposit model, a significant milestone given the size and value associated with such deposits globally. Recent RC drilling at Mount Vernon has confirmed key geochemical signatures, including high magnesium oxide content and zonation of copper and nickel, alongside disseminated sulphides and gypsum indicating an external sulphur source. These findings support the presence of mafic cumulate rocks analogous to those in the Noril’sk-Talnakh mining district, one of the world’s richest sources of nickel and platinum group elements.
The company has expanded its land position and is advancing ground truthing of VTEM survey anomalies, with further drilling anticipated in 2026 to target massive sulphide accumulations.
Diverse Critical Minerals Potential at Chain Pool and Beyond
Miramar’s Chain Pool project has revealed large SEDEX-style copper-lead-silver-zinc mineralisation through soil sampling, with assays showing impressive grades including over 7% copper and significant lead and silver values. Despite no drilling since 1964, the project’s potential strike extensions and parallel structures offer promising exploration upside. The company has secured permits for auger and aircore drilling to advance this target.
Additional projects such as Glandore, Whaleshark, and Carnarvon Sands further diversify Miramar’s portfolio, targeting gold and critical minerals including rare earth elements, positioning the company well within the evolving resource landscape.
Corporate Strength and Strategic Outlook
Miramar has bolstered its financial position with a $1.8 million placement and a $409,000 share purchase plan, providing the necessary capital to execute its ambitious 2026 work programs. The company’s leadership, led by Executive Chairman Allan Kelly, brings extensive experience in exploration and mine development, underpinning confidence in advancing these projects toward potential discoveries.
With the gold price at record levels and a growing demand for critical minerals, Miramar’s strategic focus on the Eastern Goldfields and its suite of copper-nickel-PGE and base metal projects could unlock substantial value for shareholders.
Bottom Line?
Miramar’s upcoming drilling campaigns in 2026 will be pivotal in translating promising exploration results into tangible resource growth and market momentum.
Questions in the middle?
- Will the planned bedrock drilling at Gidji JV confirm a new significant gold deposit?
- How will the confirmation of Noril’sk-style mineralisation at Bangemall influence Miramar’s valuation and partnerships?
- What impact will the potential sale of the Randalls Project have on the company’s focus and capital allocation?