• Noel Ong

Miramar Resources Limited (ASX: M2R) - Mineral Exploration Success - Discovery at Marylebone.


I declared that Marylebone is a Discovery during Coffee with Samso Episode 118 with Allan Kelly, Managing Director of Miramar Resources Limited (ASX: M2R)


You will hear that Allan Kelly has actually made a discovery. This could be a fantastic time to take a position and await more results.


Allan Kelly is an exploration geologist who has a proven record of discovering and taking the project to production with Doray Minerals Limited (ASX: DRM). Doray has merged with Silverlake Resources Limited (ASX: SLR) which adds more evidence to the value of Allan's work.



While speaking with Allan, I believe that Miramar is the most prospective mineral explorer currently on the ASX. In our conversation, I declared that Marylebone is a Discovery. The results we discussed, in my opinion, leave no doubt in my mind that Allan has discovered a project which will deliver a potential economic discovery.



Chapters


00:00 Start

00:15 Introduction

01:23 Allan updates.

05:43 Why has Gidjie not been noticed?

10:47 Early signs of a Discovery.

14:04 Repetition of results is the Key.

15:12 Reasons why Marylebone is the Real Deal.

21:07 This is the time and place to be meticulous in Exploration.

22:45 Drilling testing negatives is an important part of Exploration.

24:52 The significance of Hole 96.

30:37 All the factors that make a Discovery.

31:20 This is a Discovery.

32:26 This is more than Smoke, you can see Flames.

34:20 Understanding the profile of the bedrock.

36:46 Upcoming drilling activities.

38:04 Marylebone is the place to chase an Economic Discovery.

38:46 The prospects of Glandore.

44:30 Market Cap is poised for uplift.

45:57 How Funds have been used.

49:02 Allan shares his last words.

51:12 Conclusions.

PODCAST



About Allan Kelly

Executive Chairman


Mr. Kelly is a geologist and manager with over 25 years’ experience in mineral exploration, development and production throughout Australia and the Americas.


Mr. Kelly graduated in 1994 with a Bachelor of Science (with honours) in Applied Geology from Curtin University. He has been involved in targeting early-stage exploration of gold, nickel and copper deposits in Australia, Alaska and Canada and has previously held senior exploration positions within Western Mining Corporation and Avoca Resources Limited. He has also served as an Executive Director of Riversgold Ltd and a non-executive director of Alloy Resources Ltd.


In 2009, Mr. Kelly founded Doray Minerals Limited, which listed on the ASX in early 2010. Under Mr. Kelly’s management, Doray discovered the high-grade Wilber Lode gold deposit within the Andy Well Project in the Murchison Region of Western Australia, which moved from discovery to production within three and a half years, and subsequently funded, constructed and commissioned the Deflector Gold-Copper Project within 14 months of completing the takeover of Mutiny Gold Limited in 2014.


In 2014, Mr. Kelly was awarded the Association of Mining and Exploration Companies (AMEC) ‘Prospector Award’, along with Doray’s co-founder Mr. Heath Hellewell, for the discovery of the Wilber Lode and Andy Well gold deposits.


Mr. Kelly is a Fellow and Former Councillor of the Association of Applied Geochemistry (AAG), a Member of the Australian Institute of Geoscientists (AIG) and a Member of the Institute of Brewing and Distilling (IBD).


About Miramar Resources Limited (ASX:M2R)


Miramar Resources Limited is a Western Australian focused mineral exploration company with projects in the Eastern Goldfields, the Murchison and Gascoyne regions. The portfolio of exploration projects has high potential for new gold discoveries within trucking distance of existing operations and for the discovery of nickel-copper-platinum group element (PGE) mineralisation.

Miramar aims to create shareholder value through discovery and the Board has a proven track record of successful discovery, development and production.

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