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An update from Miramar Resources Limited ( (AU:M2R) ) is now available.
Miramar Resources Limited has entered into a ‘Drill-for-Equity’ agreement with Topdrill Pty Ltd to cover 40% of drilling costs, up to $500,000, for the Gidji JV Gold Project. This strategic move aims to test the high-priority 8 Mile gold target, potentially extending the known mineralization of the nearby 8-Mile Dam deposit. The agreement reflects confidence in Miramar’s exploration strategy and enhances their drilling budget, with RC drilling scheduled to commence in July.
More about Miramar Resources Limited
Miramar Resources Limited is an exploration company focused on gold mining projects. The company primarily engages in exploring and developing gold resources, with a significant focus on the Gidji JV Project located near Kalgoorlie, Western Australia.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.49M
Find detailed analytics on M2R stock on TipRanks’ Stock Analysis page.