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An announcement from Miramar Resources Limited ( (AU:M2R) ) is now available.
Miramar Resources has commenced reverse circulation drilling at its high-priority Blackfriars and Highway prospects within the Gidji JV Gold Project, aiming to test for primary bedrock gold sources beneath previously defined, kilometre-scale supergene anomalies. The 10–12 hole, 2,500–3,000 metre program marks the company’s first drilling campaign of 2026 and is designed to build on earlier shallow aircore results that returned multiple gold intercepts above 1g/t, including standout results at Blackfriars and an untested RC target at Highway. Positioned close to Kalgoorlie and surrounded by existing processing plants, any discovery at Gidji could be rapidly advanced, potentially enhancing Miramar’s growth prospects and competitive positioning in a high-gold-price environment.
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 gold exploration company focused on advancing its 80%-owned Gidji Joint Venture Gold Project, located about 15 kilometres north of Kalgoorlie in Western Australia. The company targets bedrock gold mineralisation beneath the Gidji Paleochannel, leveraging systematic aircore and reverse circulation drilling in a region surrounded by major gold mines and established processing infrastructure.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.04M
For a thorough assessment of M2R stock, go to TipRanks’ Stock Analysis page.