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Miramar Resources Limited
(Sydney:M2R)
Miramar Resources Limited (M2R) vs. iShares MSCI Australia ETF (EWA)
Miramar Resources Limited Business Overview & Revenue Model
Miramar Resources Limited Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 8.26K | 150.00K | 0.00 |
| Gross Profit | -50.51K | -51.39K | -127.96K | -128.49K | 119.35K | 0.00 |
| EBITDA | -808.17K | -1.22M | -1.25M | -1.24M | -987.63K | 0.00 |
| Net Income | -1.52M | -1.91M | -1.39M | -1.38M | -1.02M | -189.52K |
Balance Sheet | ||||||
| Total Assets | 9.76M | 9.36M | 9.10M | 9.51M | 8.52M | 330.74K |
| Cash, Cash Equivalents and Short-Term Investments | 233.76K | 414.11K | 435.47K | 3.39M | 5.14M | 327.77K |
| Total Debt | 9.72K | 22.02K | 33.91K | 82.25K | 63.64K | 0.00 |
| Total Liabilities | 238.62K | 395.11K | 307.96K | 542.10K | 707.30K | 31.32K |
| Stockholders Equity | 9.52M | 8.96M | 8.79M | 8.97M | 7.81M | 299.42K |
Cash Flow | ||||||
| Free Cash Flow | ― | ― | -3.94M | -3.83M | -2.66M | -82.83K |
| Operating Cash Flow | ― | -797.50K | -1.26M | -1.05M | -657.63K | -82.83K |
| Investing Cash Flow | ― | -1.09M | -2.68M | -2.78M | -1.95M | 0.00 |
| Financing Cash Flow | ― | 1.88M | 1.00M | 2.11M | 7.34M | 410.60K |
Miramar Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $2.90B | 8.19 | 26.42% | 3.61% | 54.37% | 310.22% | |
76 Outperform | $3.55B | 24.81 | 13.42% | 0.92% | 11.93% | 22.74% | |
75 Outperform | $26.17B | 22.19 | 11.01% | 2.73% | 25.11% | 28.88% | |
57 Neutral | $5.92B | ― | -0.68% | ― | -56.04% | 66.07% | |
57 Neutral | €702.19M | ― | -16.63% | ― | ― | 57.93% | |
43 Neutral | AU$1.38B | -6.10 | -40.62% | 4.17% | -4.78% | -43.21% | |
35 Underperform | AU$2.99M | ― | -16.29% | ― | ― | 68.13% |
Miramar Resources Limited Corporate Events
Miramar Resources Limited has reported significant progress in its exploration activities for the quarter ending March 31, 2025. The company identified disseminated nickel and copper sulphides at the Bangemall project, confirming it as a new nickel-copper province. Additionally, Miramar completed a re-interpretation of multi-element drill results at the Gidji JV Project, which will help prioritize existing and new targets for future drilling. The company also raised $1.8 million to support its exploration efforts, indicating a strong commitment to advancing its projects and potentially enhancing its market position.
Miramar Resources Limited has released an update highlighting their ongoing efforts in gold exploration and development. The announcement underscores the company’s commitment to advancing its projects, potentially impacting its operational capabilities and industry standing. This update may have implications for stakeholders, as it reflects Miramar’s strategic direction and potential growth opportunities in the mineral exploration sector.
Miramar Resources Limited has announced a change in the director’s interest notice, specifically involving Director Terry Gadenne. The change involves the acquisition of 220,000 fully paid ordinary shares through an on-market trade, increasing his total holdings to 2,000,000 shares. This adjustment in shareholding reflects a strategic move by the director, potentially indicating confidence in the company’s future performance.
Miramar Resources Limited has announced that Faraday Nominees Pty Limited and Lesamourai Pty Ltd have ceased to be substantial holders in the company as of April 10, 2025. This change occurred due to a dilution in their holdings following a share issue by Miramar, affecting 40,000,000 shares and votes. The announcement indicates a shift in shareholder composition, which could influence the company’s governance and strategic decisions.
Miramar Resources Limited has announced that 1215 Capital PTY LTD has become a substantial holder in the company, acquiring a 6.02% voting power through the purchase of 60 million shares for $180,000. This acquisition indicates a significant investment in Miramar Resources, potentially impacting the company’s market positioning and signaling confidence in its future prospects.
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.
Miramar Resources Limited announced that XGS Pty Ltd and Allorah Pty Ltd have ceased to be substantial holders in the company as of April 10, 2025. This change follows an increase in Miramar’s share capital, affecting over 21 million ordinary shares, which may impact the company’s shareholder structure and market positioning.
Miramar Resources Limited has announced a change in the director’s interest, specifically for Marion Bush. The director has acquired 1,500,000 ordinary shares and 1,500,000 unlisted options through a placement participation, following shareholder approval. This change reflects an increase in the director’s stake in the company, potentially indicating confidence in the company’s future prospects.
Miramar Resources Limited has issued 540,476,508 fully paid ordinary shares at a price of $0.003 per share as part of a placement announced earlier in February 2025. This issuance, conducted without disclosure under the Corporations Act, allows the shares to be sold under an exemption, potentially impacting the company’s financial position and market operations.
Miramar Resources Limited has announced the issuance of 636,000,000 unquoted options set to expire on April 10, 2030, with an exercise price of $0.006. This issuance is part of a previously announced transaction and is not intended to be quoted on the ASX, potentially impacting the company’s capital structure and stakeholder interests.
Miramar Resources Limited has announced the quotation of 540,476,508 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code M2R. This move is part of previously announced transactions and could enhance the company’s liquidity and market presence, potentially impacting its operational capabilities and attractiveness to investors.
Miramar Resources Limited has commenced drilling at its Gidji JV Project, located near Kalgoorlie in Western Australia. The project aims to infill and extend existing gold discoveries while searching for bedrock gold mineralization, potentially enhancing the company’s resource base and strengthening its position in the gold mining sector.
Miramar Resources Limited has secured a drill rig for its Gidji JV Gold Project, signaling a resumption of exploration activities in the Eastern Goldfields Province of Western Australia. The company aims to capitalize on the current high gold prices and the project’s strategic location near existing mining operations, with plans to commence drilling within the next week to explore the potential for multiple gold deposits.
Miramar Resources Limited announced the successful passing of all resolutions at its General Meeting held on 31 March 2025. The resolutions included the ratification of share tranches, approval of options and securities issuance, and participation in placements, which were all carried by a significant majority. This outcome supports the company’s strategic initiatives and may enhance its operational capabilities and market positioning.
Miramar Resources Limited presented a general meeting to discuss its exploration activities and results. The presentation highlighted the company’s ongoing efforts in mineral exploration, which are crucial for its strategic positioning in the industry. The announcement underscores the company’s commitment to advancing its projects and the potential implications for stakeholders, including investors and partners.
Miramar Resources Limited has identified multiple large gold targets within its Randalls Project, located 70 kilometers east of Kalgoorlie, Western Australia. The company has submitted applications for two new exploration licenses and identified high-priority drill targets along the Randalls Fault. These targets, including Lone Pine Dam, Venetian, and Campese, show significant historical drill results, indicating potential for discovering new gold deposits. The announcement highlights the underexplored nature of these areas despite their proximity to existing mining operations, suggesting potential positive implications for the company’s exploration activities and stakeholder interests.
Miramar Resources Limited has expanded its land holdings in the Eastern Goldfields by applying for new tenements along the Randall Fault, a significant but underexplored mineralized structure. This strategic move aims to capitalize on the current high gold price environment and the proximity to existing processing infrastructure, potentially enhancing the company’s exploration capabilities and market position.
Miramar Resources Limited has announced a general meeting to be held on March 31, 2025, in South Perth, where shareholders will vote on several resolutions. These resolutions include the ratification and approval of issuing shares and options to placement participants, specific individuals, and brokers, as well as the issuance of securities under an employee incentive plan. The outcomes of these resolutions could significantly impact the company’s capital structure and stakeholder interests.
Miramar Resources Limited has announced the issuance of 59,523,492 fully paid ordinary shares at $0.003 per share as part of a recent placement. This move, made without disclosure under the Corporations Act, allows the company to benefit from an exemption that facilitates the on-sale of these shares, potentially impacting the company’s liquidity and shareholder base.
Miramar Resources Limited has announced the application for quotation of 59,523,492 fully paid ordinary securities on the Australian Securities Exchange. This move is part of a previously announced transaction, potentially increasing the company’s liquidity and visibility in the market, which may have positive implications for investors and stakeholders.
Miramar Resources Limited has provided a company update concerning its exploration activities in February 2025. This announcement underscores the company’s ongoing commitment to advancing its gold and critical minerals projects. The release highlights management’s current expectations and projections for future exploration targets, although it cautions investors about the inherent uncertainties and risks associated with forward-looking statements. This update may impact stakeholders by signaling potential growth opportunities and strategic developments in Miramar’s operations within the mining sector.
Miramar Resources Limited has received a $291,413 R&D Tax Incentive Refund from the Australian Taxation Office for the 2024 financial year. The refund supports the company’s innovative exploration techniques at the Whaleshark Project, which has multi-commodity potential in a well-situated area. This financial support will aid in the continued testing of surface and sub-surface geochemical sampling techniques for identifying buried copper-gold mineralisation.
Miramar Resources Limited announced a proposed issue of securities, including options expiring in March 2030 and ordinary fully paid shares, amounting to a potential total of 1,236,000,000 new securities. This move is intended to strengthen the company’s financial standing and support its ongoing exploration and development activities, potentially impacting its market position and stakeholder value.
Miramar Resources Limited has successfully secured $1.8 million from sophisticated investors through a share placement to fund its exploration programs for gold and critical minerals. This financial boost will allow the company to recommence drilling at its Gidji JV Gold Project and advance its other projects, taking advantage of the current high gold price environment. The placement involves issuing 600 million shares with free attaching options, with plans for further shareholder approvals in March 2025. The company anticipates significant exploration activities throughout 2025, enhancing its position in the gold and critical minerals sectors.
Miramar Resources Limited, an exploration company, has requested a trading halt on its securities pending an announcement related to a proposed capital raising. This strategic move aims to prevent uninformed trading and maintain market order, with the halt lasting until the announcement is made or until regular trading resumes on 13 February 2025.
Miramar Resources Limited has confirmed the Bangemall region as a major new nickel-copper mineral province, similar to the Norilsk deposits in Siberia, following successful mineralogical analysis of drill samples from its Mount Vernon Project. The company holds a dominant land position in this region, which has the potential to host significant mafic-hosted magmatic Ni-Cu-Co-PGE sulphide deposits, reinforcing Miramar’s strategic positioning and exploration objectives.