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The latest update is out from Miramar Resources Limited ( (AU:M2R) ).
Miramar Resources reported a busy March quarter, highlighted by a 19-hole RC drilling program at the Gidji JV Gold Project, where it has begun assessing the potential to define shallow gold resources and is planning follow-up drilling. The company also advanced new drill targets at Gidji and progressed an auger drilling campaign at the Chain Pool Project’s Joy Helen copper-lead-silver prospect, where no drilling has occurred since 1964.
Beyond exploration, Miramar strengthened its balance sheet with a $1.49 million capital raising, ending the quarter with $1.13 million in cash to maintain momentum across its portfolio. Strategically, it executed an option for Ore Resources to purchase the Randalls Project, secured a six-month option over the South Ashburton gold-copper-antimony project, applied for EIS co-funding at the Whaleshark IOCG Project, and refreshed its board, appointing Jonathan Fisher as non-executive chairman and promoting Marion Bush to managing director.
More about Miramar Resources Limited
Miramar Resources Limited is an Australian mineral exploration company focused on gold and base metals, with projects concentrated in Western Australia’s Eastern Goldfields and Gascoyne regions. The company’s portfolio includes the Gidji JV gold project near Kalgoorlie, plus additional gold, copper, antimony and IOCG targets positioned close to existing mining and processing infrastructure.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.33M
Learn more about M2R stock on TipRanks’ Stock Analysis page.