Miramar Resources picks up $250,000 EIS co-funding for survey at Bangemall

• Miramar Resources has locked in up to $250,000 of co-funding for a detailed magnetic and electromagnetic survey at Bangemall
• WA Government funding will enable the company to test its exploration concepts
• Survey will cover new tenements that extend the Mount Vernon and Trouble Bore areas

Special Report: Miramar Resources has secured Western Australia Government co-funding for a detailed magnetic and electromagnetic survey at its Bangemall nickel-copper-PGE project in the Gascoyne region.

Co-funding of up to $250,000 from the Department of Energy, Mines, Industry Regulation and Safety as part of the government’s Venture 2 geophysics program under the Exploration Incentive Scheme will enable the company to test its exploration concepts.

Miramar Resources (ASX:M2R) has been exploring for Norilsk-style mafic intrusion-hosted nickel-copper and PGE mineralisation within the Edmund and Collier basins since listing in October 2020.

In February 2025, EIS co-funded drilling at the Mount Vernon target area discovered disseminated nickel and copper sulphides and mafic cumulate rocks within the Kulkatharra Dolerite sills for the first time.

This led to the company expanding its land position around the Mount Vernon and Trouble Bore areas.

It now intends to cover the new tenements with a detailed airborne magnetic and electromagnetic survey.

“We’ve now proved the existence of mafic cumulate rocks and disseminated nickel and copper sulphides, both key ingredients of Norilsk-style mineralisation,” executive chairman Allan Kelly said.

“Massive nickel and copper sulphide deposits have a very small footprint but are highly conductive, which means a detailed EM survey is the best way to explore for this type of deposit.

“The EIS co-funding enables us to test our concepts and get the best bang for our buck.”

Bangemall project

Bangemall is a new geological nickel-copper province the same age as the Giles Complex, which hosts the large Nebo and Babel Ni-Cu deposits in the West Musgrave.

It was identified by the Geological Survey of Western Australia, Geoscience Australia and the CSIRO as having high prospectivity for mineralisation associated with the Kulkatharra Dolerite sills, which shares similarities to the giant Norilsk nickel-copper-PGE deposits in Russia.

Analysis of samples from the co-funded drilling found that the average ratio of chalcopyrite to pentlandite is roughly 3:1, which is similar to Norilsk.

M2R is also planning to complete a diamond drill hole at Trouble Bore that was previously co-funded under Round 29 of the EIS.

This article was developed in collaboration with Miramar Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.