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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 (-16.67%)+
Announcement
Release
22 Jul 2026 8:20AM
Price at Release
$0.003
Full Release
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Summary
Miramar Resources Limited announced the issuance of $438,703 in Junior Minerals Exploration Incentive (JMEI) credits to shareholders who acquired new shares between 1 July 2024 and 30 June 2025. These credits, applied to income tax for the year ending 30 June 2025, are part of an Australian Government initiative to encourage investment in small mineral exploration companies. The credits are advisory and non-monetary, designed to convert tax losses from exploration into offsets or franking credits for shareholders. Miramar's Managing Director, Marion Bush, emphasized the company's commitment to value creation through exploration and keeping investors informed about their progress.
Key Points
  • Miramar Resources to issue $438,703 in JMEI credits.
  • Credits applicable to shareholders with new shares from 1 July 2024 to 30 June 2025.
  • JMEI credits part of Australian Government initiative for exploration companies.
  • Credits are advisory and non-monetary, for tax offsets and franking credits.
  • Managing Director Marion Bush highlights strategy for shareholder value.
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.