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Miramar Resources Limited ( (AU:M2R) ) has issued an update.
Miramar Resources Limited reported significant progress in its exploration efforts during the quarter ending 31 December 2024. Notably, drilling at the Mount Vernon project confirmed the presence of differentiated dolerite sills, reinforcing the potential for large-scale Ni-Cu-Co-PGE deposits. Additionally, soil sampling at the Chain Pool project indicated SEDEX-style mineralization, suggesting high-grade mineralization could extend northeast. The company also made advancements at its Gidji JV project, reprocessing seismic lines, and reevaluating drill data to refine exploration targets for 2025. These developments underscore Miramar’s strategic focus on enhancing its exploration capabilities and identifying promising mineral deposits across its portfolio.
More about Miramar Resources Limited
Miramar Resources Limited is a mineral exploration company focused on discovering gold and base metal deposits. The company primarily focuses on projects in the Proterozoic Capricorn Orogen of Western Australia and holds interests in several prospective projects in the Eastern Goldfields region, targeting new gold discoveries near existing mining operations.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$1.59M
For a thorough assessment of M2R stock, go to TipRanks’ Stock Analysis page.
