Miramar Resources

Strong EM Conductors Identified at Mount Vernon Ni-Cu-PGE Project

Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) in pleased to advise that ground electromagnetic (EM) surveys have identified additional conductors at the Company’s large 100%-owned Mount Vernon Project in the Gascoyne region of Western Australia.


  • Ground EM survey identifies more strong conductors at Mount Vernon
  • Bangemall Projects share regional, project and target-scale similarities to Norilsk
Miramar is exploring for intrusion-hosted nickel, copper and platinum group element (Ni-Cu-PGE) mineralisation related to 1070Ma aged Kulkatharra Dolerite sills, part of the Warakurna Large Igneous Province and the same age as the large Nebo-Babel Ni-Cu deposits in the West Musgraves.

Miramar’s Executive Chairman, Mr Allan Kelly, said the Company was excited about the potential district- scale opportunity at Bangemall and looked forward to progressing towards a maiden drilling campaign.

“At Mount Vernon and Trouble Bore, we are seeing all the ingredients needed for the formation of a large- scale mafic intrusion hosted Ni-Cu-PGE deposit such as Nova or Nebo-Babel,” he said.

“These types of deposits can be large and very valuable due to the mix of metals present which makes them mostly immune to short-term fluctuations in the nickel price,” he added.

Figure 1. Mount Vernon and Trouble Bore Projects showing airborne and ground EM anomalies.

Mount Vernon – Target C

Geophysical surveying contractor, Wireline Services Group, has now completed the Fixed Loop EM (FLTEM) survey over Target C, within the Mount Vernon Project, which shows a strong late-time EM anomaly where two dolerite sills are crosscut by several northeast trending faults (Figure 2).

Modelling of the data (Figure 3) indicates:

  • a large, strongly conductive (~1600S), shallow (<100m) plate dipping towards the SSE; and
  • a poorly-defined secondary anomaly located north of the main response

The Target C anomaly is covered by recent sediments and is the strongest EM conductor seen at Mount Vernon to date.

There is no previous drilling or geochemical sampling in the vicinity of this target.

The geophysical crew have now moved to Target D, the final airborne EM anomaly to be tested as part of this initial programme.

Following completion of the EM survey, Miramar plans to conduct systematic rock chip sampling and mapping at Mount Vernon, including field checking of the various airborne and ground EM anomalies.

Following this, the Company will plan for the maiden drill programme at Mount Vernon and Trouble Bore.


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)
A person's hand holds a piece of copper metal ore above a blurry copper-colored background.

What's the Next US Copper Mine? 26 Copper Projects to Watch

Companies with upcoming copper mines in the US could be poised to benefit from tailwinds in the sector, including the new administration promising to cut "red tape" for critical minerals projects.

Copper demand is climbing quickly in recent years because of the rapid urbanization of the global south as well as the developing energy transition sectors. However, current copper mines are increasing in age and there is a lack of new copper mines to replace them, both due to limited greenfield exploration and long permitting times.

This has put the world's copper supply in a difficult situation, and experts expect to see deficits begin to emerge in 2025.

Keep reading...Show less
Rows of fine copper bars with text that reads '5 Top Canadian Mining Stocks This Week.'

Top 5 Canadian Mining Stocks This Week: Euro Sun Gains 54 Percent as Copper Hits New High

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.

The US Bureau of Economic Analysis released February personal consumption expenditures (PCE) index data on Friday (March 28). The figures show inflation increased 2.5 percent on an annualized basis in February, aligning with analyst expectations and reflecting no change from the 2.5 percent recorded in January. On a monthly basis, inflation rose by 0.3 percent, also matching January’s increase.

However, core PCE, which excludes the volatile food and energy prices, increased 2.8 percent year-over-year and 0.4 percent month-over-month. Both came in above analyst expectations of 2.7 and 0.3 percent, respectively.

Keep reading...Show less
Copper nuggets and rising chart.

Copper Prices Surpass US$10,000 as US Tariff Fears Shake Global Markets

Copper prices surged past US$10,000 per metric ton on Thursday (March 20), hitting a five month high as traders scrambled to secure supply ahead of potential US tariffs on the base metal.

London Metal Exchange (LME) copper futures climbed sharply in early trading, reflecting a combination of supply constraints, rising demand and uncertainty surrounding trade policy.

US President Donald Trump has ordered a probe into the national security implications of copper imports, raising concerns that a 25 percent tariff could be imposed, similar to levies already placed on aluminum and steel.

Keep reading...Show less
Copper nuggets.

Hillgrove Accelerates Nugent Copper Deposit Development, Raises AU$16 Million

Hillgrove Resources (ASX:HGO,OTC Pink:HLGVF) said on Monday (March 17) that it is accelerating development of the Nugent deposit at its Kanmantoo copper mine after raising AU$16 million.

The company secured AU$13 million through a placement to institutional and sophisticated investors, and raised AU$3 million via a share purchase plan that was open to existing shareholders.

"Following the success of the recent excellent Nugent drilling results, our technical team have identified a path to accelerate the Nugent production profile,” said CEO and Managing Director Bob Fulker in a March 5 release.

Keep reading...Show less
The sea floor.

Kiribati Explores Deep-Sea Mining Deal with China Amid Global Regulatory Talks

Kiribati is reportedly in discussions with China to explore deep-sea mining opportunities, signaling a potential shift in its approach to tapping into its vast offshore mineral resources.

The Pacific island nation holds the exploration rights to a 75,000 square kilometer area in the Pacific Ocean, a region believed to contain valuable deposits of cobalt, nickel, and copper — key materials for the global battery industry.

The talks between Kiribati and Chinese officials come after the collapse of a previous agreement with the Metals Company (TMC) (NASDAQ:TMC), a Canada-based deep-sea mining outfit.

Keep reading...Show less

Latest Press Releases

Related News

×