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Miramar Resources Limited (ASX:M2R)

ALERT: Price-sensitive ASX Announcement for M2R
Current share price for M2R : $0.002 -0.001 (-33.33%)+
Announcement
Release
20 Aug 2026 10:13AM
Price at Release
$0.003
Full Release
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Summary
Miramar Resources Limited has announced a Maiden Inferred Gold Resource at their 80%-owned Gidji JV Gold Project, north of Kalgoorlie, totaling 1Mt at 1.20g/t Au for 39,764 ounces. This resource is derived from shallow drilling across several targets and represents a significant potential for growth with further exploration. The resource has been optimized across multiple open pits at different gold prices, with plans for a mining lease application and discussions with development partners underway. The estimation process involved ordinary kriging and the use of a neural network model, indicating a resource hosted within Archaean greenstone, with associated supergene gold. The announcement highlights the project's prospective value and potential for significant resource expansion.
Key Points
  • Miramar Resources Limited announces a Maiden Inferred Gold Resource at Gidji JV.
  • The gold resource totals 1Mt at 1.20g/t Au for 39,764 ounces.
  • Resource is based on shallow drilling across multiple targets including Marylebone, Powerline, Blackfriars, and Highway.
  • Potential for rapid and significant resource growth with further drilling.
  • Optimised open pits at various gold prices indicate 10 different target areas.
  • Mining Lease application and development partner discussions are planned.
  • Resource estimated using ordinary kriging with a top cut of 7.5g/t Au.
  • Resource hosted in Archaean greenstone-hosted mesothermal gold mineralisation.
  • The mineralisation domain was generated using a neural network model.
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.