Latest Miramar Resources (ASX:M2R) News

Miramar Resources has outlined a maiden 39,764-ounce Inferred gold resource at its Gidji joint venture, but its annual report also flags material uncertainty over its ability to continue as a going concern. A September placement has improved liquidity, though further funding and drilling remain central to the story.

Miramar Resources has secured A$1.25 million to fund drilling and early development work at its 80%-owned Gidji JV Gold Project near Kalgoorlie. The raise will target resource growth at Marylebone and Highway while testing deeper bedrock prospects at Marylebone and Lake.

Miramar Resources has restructured its board and executive roles to bolster its growth strategy, appointing Mark Hanlon as Non-Executive Director and transitioning Marion Bush to Chief Executive Officer. The company also outlined upcoming drilling programs at key Western Australian projects.

Miramar Resources has doubled its gold Exploration Target at the Gidji JV near Kalgoorlie and completed its first drilling program at Chain Pool in over 60 years, while finalising the sale of Randalls Project and securing government grants to fund ongoing exploration.

Miramar Resources has delivered auger drilling results at its Joy Helen prospect that bolster the case for deeper bedrock drilling, revealing copper-lead anomalies and large alteration halos indicative of a potentially substantial SEDEX-style deposit.

Miramar Resources has received a A$238,456 refundable R&D tax offset for FY2025, supporting innovative exploration techniques at its Whaleshark and Bangemall projects. This non-dilutive funding strengthens the company’s cash position ahead of planned drilling and surveys.

Miramar Resources has reported fresh high-grade copper-lead-silver assay results from rock chip sampling at its Joy Helen prospect within the Chain Pool Project, reinforcing the potential for a significant SEDEX-style base metal deposit. The company awaits auger drilling results and is preparing for deeper bedrock drilling and geophysical surveys.

Miramar Resources has more than doubled the gold Exploration Target at its Gidji JV Project near Kalgoorlie, citing extensive new drilling data. The company is now advancing towards resource estimation and mining lease applications, eyeing deeper bedrock mineralisation potential.

Miramar Resources' detailed gravity survey at the Joy Helen prospect reveals untested anomalies beneath known high-grade copper-lead-silver mineralisation, prompting plans for deeper drilling following pending auger assay results.

Miramar Resources has successfully completed an auger drilling campaign at its Joy Helen prospect, extending known SEDEX-style mineralisation and identifying new structural targets within the Chain Pool project in Western Australia.

Miramar Resources has kicked off auger drilling at its Chain Pool Project in Western Australia, targeting high-grade copper-lead-silver mineralisation at the historically significant Joy Helen prospect. The program aims to define the extent of SEDEX-style mineralisation over a 300m strike with potential for extensions and parallel zones.

Miramar Resources is launching its first drilling campaign since 1964 at the Chain Pool Project’s Joy Helen prospect, targeting high-grade SEDEX copper-lead-silver mineralisation with promising strike extensions.