Miramar Resources

Quarterly Activities & Cashflow Report - Quarter ending 31 March 2024

Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) is pleased to provide a summary of activities completed during the Quarter ending 31 March 2024.


Highlights

  • Gidji JV
    • Preparations for RC and aircore drilling
  • Bangemall Ni-Cu-Co-PGE Project
    • Grant of Trouble Bore Exploration Licence
    • Ground EM surveys at Mount Vernon and Trouble Bore identified multiple strong EM conductors for drill testing
  • Whaleshark
    • Planning of passive seismic survey
    • Examination of magnetite iron potential
  • Capital Raising

During the Quarter, the Company focussed on the Bangemall Ni-Cu-Co- PGE projects in the Gascoyne region of Western Australia.

Early in the Quarter, the Company announced the grant of the Trouble Bore Exploration Licence, adjacent to Mount Vernon, where historic EM surveys had identified a strong late-time EM anomaly that could be representative of buried Ni-Cu-Co-PGE mineralisation.

The Company completed a ground EM survey at Mount Vernon and Trouble Bore which identified multiple EM conductors for drill testing.

Miramar’s Executive Chairman, Mr Allan Kelly, said the Company was excited about the potential to discover a new style of Ni-Cu-Co-PGE mineralisation in the Bangemall region.

“We are looking for mineralisation similar to the giant Norilsk-Talnakh deposits in Siberia, the largest nickel deposits in the world,” he said.

“If we are successful at any one of our projects, we have a dominant position in what could be an entirely new nickel province, similar in scale to the Albany-Fraser Province prior to the discovery of Nova in 2012,” he added.

“We also have a suite of fantastic projects in the Eastern Goldfields, with potential for multiple discoveries in a record gold price environment,” he said.


Click here for the full ASX Release

This article includes content from Miramar Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

M2R:AU
The Conversation (0)
Sort by
Copper coins with the word "tariffs" written on them.

Trump's Copper Tariff Investigation Triggers Global Market Response

American head of state Donald Trump has directed the US government to explore potential tariffs on copper imports, marking another significant move in his administration’s ongoing trade strategy.

The executive order, signed on Tuesday (February 25), instructs the commerce department to investigate whether imported copper poses a national security risk under Section 232 of the Trade Expansion Act of 1962.

The decision has already triggered a sharp reaction in the global copper market, widening price spreads for the red metal and prompting traders to start rushing shipments to the US.

Keep reading...Show less
Globe made of copper metal showing Europe, Africa and South America.

Top 10 Copper Producers by Country

In 2024, concern grew about copper supply as copper mines in the top copper-producing countries continued to age without new mines to replace them.

Additionally, copper demand from electrification is expected to rise significantly in the coming years.

The competing forces of the global macroeconomic situation and a tightening supply and demand situation caused major swings in the copper price last year, and the red metal set a new all-time high in May 2024 as it moved above the US$5 per pound mark for the first time.

Keep reading...Show less
Copper bars.

Top 5 Canadian Mining Stocks This Week: Minsud Resources Up 47 Percent on Maiden Resource

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released its January consumer price index (CPI) figures on Tuesday (February 18). The data showed that inflation ticked up on a yearly basis to 1.9 percent from the 1.8 percent recorded in December. On a monthly basis, CPI rose 0.1 percent in January following a 0.4 percent decline in December.

The rise in inflation was owed to a 5.3 percent increase in energy prices on an annualized basis, primarily gasoline and natural gas, after recording a more modest 1 percent gain the previous month. Headlining the gains was an 8.6 percent jump in gasoline prices versus the same period last year and a 3.5 percent increase over December.

Keep reading...Show less
Stock charts in newspaper.

Teck Resources Reports Record Copper Production, Reassures Investors Amid Tariff Uncertainty

Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK) closed out 2024 with record copper production and strong financial results, despite ongoing trade uncertainties that could impact its operations.

The Vancouver-based mining giant released its unaudited Q4 results on Thursday (February 20), reporting adjusted EBITDA of C$835 million for the period, driven primarily by increased copper and zinc sales and robust metal prices.

"2024 was a transformational year as we repositioned Teck as a pure-play energy transition metals company with the sale of the steelmaking coal business and record annual copper production," said President and CEO Jonathan Price.

Keep reading...Show less

Latest Press Releases

Related News

×