Miramar Resources Secures Funding, Approvals and New Leadership to Advance WA Exploration Programs

Miramar Resources Limited ( (AU:M2R) ) just unveiled an update.

Miramar Resources has secured key approvals and funding to advance drilling across its priority projects, including Programme of Work permits for the Gidji JV Gold Project near Kalgoorlie and the Chain Pool Project in the Gascoyne, and approximately $1 million raised during the December quarter plus a further $1.2 million placement commitments. The capital will support a targeted RC drilling program at the untested Blackfriars and Highway prospects at Gidji, auger drilling at the high‑grade Joy Helen copper-lead-silver prospect at Chain Pool, and broader exploration across its portfolio, while the company also progresses a potential sale of the Randalls Project and undertakes a board refresh with Jonathan Fisher appointed non-executive chairman, Marion Bush as managing director, and Allan Kelly transitioning to executive technical director, signalling a strategic focus on technical execution and exploration-driven value for shareholders.

The most recent analyst rating on (AU:M2R) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Miramar Resources Limited stock, see the AU:M2R Stock Forecast page.

More about Miramar Resources Limited

Miramar Resources Limited is an Australian exploration company focused on gold and base metals projects, primarily in Western Australia’s Eastern Goldfields and Gascoyne regions. Its portfolio includes the Gidji JV (80%), Glandore and Randalls gold projects near existing mining and processing infrastructure, as well as copper-nickel-PGE and other targets in the Bangemall, Chain Pool, Whaleshark and Carnarvon Sands projects, positioning the company as a junior explorer leveraged to new discoveries in established mineral provinces.

Technical Sentiment Signal: Sell

Current Market Cap: A$6.04M

For detailed information about M2R stock, go to TipRanks’ Stock Analysis page.