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Project Updates at Miramar Resources Limited (ASX: M2R)

Coffee with Samso Episode 145: A detailed conversation with Allan Kelly, Executive Chair of Miramar Resources Limited (ASX: M2R) on each of Miramar's projects.

This episode of Coffee with Samso is all about the details of the projects in Miramar Resources. I have made a special effort to make this the longest Coffee With Samso because I wanted to highlight the details of each project. I wanted Allan Kelly to tell us as much as possible about why he likes the projects and what his intentions are for each project.

I think we have achieved the objective to get details for each project. We also got Allan to talk about what makes each project tick. The conversation has been fantastic and the result is a video that is just over an hour.

This is a special episode of Coffee with Samso for all those viewers wanting to learn about the Miramar projects. In addition, viewers get a first hand introduction to what makes an exploration company work and allows Allan to showcase how to explore for minerals.

Gidji is more than smoke. We have more than 1km of +2grams and 5 grams hits in there. Could this be a supergene deposit? The prize is the bedrock.

For Allan Kelly, there is no doubt that he is aware of the potential of Gidji. He believes that Gidji alone will be sufficient for any company to work on. However, the potential of the other projects is too enticing to let go.

The time stamps below will help those unable to watch the whole video at one go. This is more than a conversation about the projects of Miramar. This is a discussion about what you need to know about how to pick projects, how to operate exploration programs and what the best deployment methods are to find yourself a mineral deposit.


00:00 Start

00:20 Introduction

00:55 The Capital Raise that Needed to be Done.

03:05 Good timing on the placement.

04:10 The Gidji Story - Allan narrates the story.

16:57 What does Gidji need to wake Investors up?

18:27 Gidji is more than a smoking gun.

19:15 What is the Worst case, OK case and Best case scenario for Gidji?

23:24 Mineral Exploration is not an Overnight Process.

24:52 Does the potential of Gidji keep Allan awake at night?

29:02 Is there a model for Gidji?

33:08 The Glandore story.

39:11 What will the diamond drilling create for Miramar?

41:06 The Lang Well Story.

47:09 Good REE results will create a good solution for Miramar.

47:37 The Whaleshark Story.

53:04 Bangemall Project.

55:11 The realistic pathway for the projects.

56:33 The upside of testing theories.

57:18 The potential of Gidji can be easily misunderstood.

58:18 News Flow from Miramar.

01:00:51 The Miramar Pitch.

01:02:09 Conclusions


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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The information or opinions provided herein do not constitute investment advice, an offer or solicitation to subscribe for, purchase or sell the investment product(s) mentioned herein. It does not take into consideration, nor have any regard to your specific investment objectives, financial situation, risk profile, tax position and particular, or unique needs and constraints. Read full Disclaimer.

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