Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Miramar Resources Limited ( (AU:M2R) ) has shared an update.
Miramar Resources Limited has successfully completed a $1.8 million capital raising, which will be used to fund gold and critical minerals exploration programs at its various projects, including the Gidji JV, Bangemall, Whaleshark, and Chain Pool Projects. Additionally, the company received a $154,000 refund from the Western Australian government’s Exploration Incentive Scheme for drilling at the Bangemall project, which has led to the discovery of disseminated nickel and copper sulphide mineralization. This financial boost and exploration success are expected to enhance Miramar’s operational capabilities and strengthen its position in the mineral exploration industry.
More about Miramar Resources Limited
Miramar Resources Limited is a Western Australia-focused mineral exploration company engaged in the search for gold, copper, and Ni-Cu-PGE deposits in the Eastern Goldfields and Gascoyne regions. The company aims to create shareholder value through the discovery of high-quality mineral deposits, supported by a board with a track record of successful discovery, development, and production in Australia, Africa, and North America.
Technical Sentiment Signal: Buy
Current Market Cap: A$1.6M
For an in-depth examination of M2R stock, go to TipRanks’ Stock Analysis page.