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Miramar Resources Limited (ASX:M2R)

ALERT: Price-sensitive ASX Announcement for M2R
Current share price for M2R : $0.003 -0.001 (-14.29%)+
Announcement
Release
23 Oct 2025 8:18AM
Price at Release
$0.004
Full Release
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Summary
Miramar Resources Limited announced that it has received a $250,000 refund for a geophysical survey conducted at its Bangemall Project in Western Australia. The survey, co-funded by the Western Australian Government's Exploration Incentive Plan, identified potential Noril’sk-style mineralisation. Miramar's exploration efforts have revealed promising results, including the discovery of mineral-rich structures comparable to the world-renowned Noril’sk-Talnakh deposits. The company is finalising a joint venture agreement with Sumitomo Metal Mining Oceania, and future activities will focus on data modelling and identifying new drill targets.
Key Points
  • $250,000 refund received for EIS co-funded magnetic/VTEM survey
  • Survey conducted at Bangemall Cu-Ni-Co-PGE Project in Gascoyne region, Western Australia
  • Survey co-funded through Western Australian Government's Exploration Incentive Plan (EIS)
  • Survey highlights large conductors possibly related to Noril’sk-style mineralisation
  • Comparison of new conductors to deposits in Noril’sk-Talnakh camp, Siberia
  • Miramar's projects cover 1,230 km² of Proterozoic Edmund and Collier Basins
  • Exploration began in 2021; significant discoveries noted in February 2025
  • Non-Binding Term Sheet signed with Sumitomo Metal Mining Oceania Pty Ltd
  • Formal JV Agreement with SMMO in process
  • Upcoming work includes modelling VTEM data and identifying drill targets
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.