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The latest update is out from Miramar Resources Limited ( (AU:M2R) ).
Miramar Resources Limited has announced that mineralogical analysis from its Mount Vernon Project confirms the Bangemall region as a significant new nickel-copper province, with potential for large mafic-hosted magmatic Ni-Cu-Co-PGE sulphide deposits. The company’s Executive Chairman, Allan Kelly, highlighted the successful identification of disseminated nickel and copper sulphides, which aligns with their initial exploration concepts, positioning Miramar advantageously as a first mover in this newly recognized mineral-rich area.
More about Miramar Resources Limited
Miramar Resources Limited is a company operating in the mining industry, focusing on the exploration and development of nickel, copper, and PGE (platinum group elements) deposits. The company’s operations are primarily centered around the Bangemall region, where it holds a dominant land position and aims to capitalize on the area’s potential for hosting significant mafic-hosted magmatic mineral deposits.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$1.59M
See more insights into M2R stock on TipRanks’ Stock Analysis page.