Miramar Resources Secures $250,000 Co-funding for Bangemall Survey

Desert survey area with vibrant formations.

What is the Bangemall Project and Why is it Significant?

The Bangemall Project represents a new geological nickel-copper province in Western Australia's Gascoyne region with significant exploration potential. Identified by the Geological Survey of Western Australia, Geoscience Australia, and the CSIRO, this area shows high prospectivity for Norilsk-style mafic intrusion-hosted nickel-copper-PGE mineralisation. Miramar Resources (ASX:M2R) has been at the forefront of exploring this emerging mineral territory, recognizing its potential to become a major contributor to Australia's critical minerals sector.

The project's significance stems from its geological investment insights and similarities to world-class nickel-copper deposits, particularly its temporal alignment with the Giles Complex that hosts the substantial Nebo and Babel deposits. The presence of Kulkatharra Dolerite sills throughout the region bears striking resemblance to the intrusive bodies that contain Russia's Norilsk deposits – one of the world's largest nickel-copper-PGE resources.

Geological Significance of the Bangemall Province

The Bangemall Province shares the same geological age as the Giles Complex, which hosts the large Nebo and Babel Ni-Cu deposits in the West Musgrave region. This temporal correlation suggests similar magmatic processes were active during formation, creating favorable conditions for nickel-copper mineralization.

The province contains extensive Kulkatharra Dolerite sills that show remarkable similarities to the host rocks of Russia's giant Norilsk deposits. These similarities extend beyond mere appearance to include comparable magmatic differentiation processes and sulphide segregation mechanisms – critical factors in forming economic mineral deposits.

Recent drilling by Miramar Resources has confirmed the presence of mafic cumulate rocks within the Kulkatharra Dolerite sills – a key indicator of the magmatic processes necessary for nickel-copper deposit formation. Additionally, the discovery of disseminated nickel-copper sulphides provides tangible evidence of mineralization within the system, validating the project's exploration model based on the geology of ore deposits.

How Did Miramar Resources Secure Government Co-funding?

Miramar Resources has strategically positioned itself to explore the Bangemall province by securing significant financial support from the Western Australian Government. The company recently announced it has obtained up to $250,000 in co-funding for a detailed magnetic and electromagnetic survey of its Bangemall project – a crucial step in identifying prospective drilling targets.

Details of the Co-funding Agreement

The funding has been provided through Western Australia's Department of Energy, Mines, Industry Regulation and Safety, demonstrating the government's commitment to supporting mineral exploration in emerging provinces with significant economic potential.

The co-funding forms part of the government's innovative Venture 2 geophysics program, which operates under the broader Exploration Incentive Scheme (EIS). This scheme has been instrumental in encouraging companies to explore underexplored regions of Western Australia, leading to several significant discoveries in recent years.

The funding structure is specifically designed to enable Miramar Resources to test its exploration concepts thoroughly, reducing financial risk while maximizing the potential for discovery. This public-private partnership approach reflects a growing recognition of the importance of critical minerals to Australia's economic future.

The allocated funding is specifically earmarked for conducting a detailed airborne magnetic and electromagnetic survey across Miramar's tenements in the Bangemall region. These surveys represent state-of-the-art mining 4.0 transformation technologies that can detect the conductive signatures of nickel-copper sulphide deposits at depth.

What Has Miramar's Exploration Revealed So Far?

Miramar's systematic exploration approach has already yielded promising results that support the Bangemall Project's potential to host significant nickel-copper mineralization. Each stage of exploration has built upon previous findings, gradually strengthening the case for Norilsk-style deposits in the region.

Recent Discoveries at Bangemall

In February 2025, Miramar completed EIS co-funded drilling at the Mount Vernon prospect, which resulted in the discovery of disseminated nickel and copper sulphides. This represents a significant milestone, as it provides tangible evidence of mineralization within the targeted geological units.

The drilling program also marked the first-time discovery of mafic cumulate rocks within the Kulkatharra Dolerite sills. The presence of these rocks is particularly encouraging as they typically form during the magmatic processes that concentrate metals into economic deposits.

Detailed analysis of the discovered sulphides showed an average ratio of chalcopyrite to pentlandite of approximately 3:1, remarkably similar to the mineral ratios observed in Russia's Norilsk deposits. This geochemical signature strengthens the comparison between Bangemall and Norilsk, suggesting similar ore-forming processes may have operated.

These encouraging findings led Miramar to significantly expand its land position around the Mount Vernon and Trouble Bore areas, securing additional exploration ground with similar geological characteristics. The company's first-mover advantage in the region has allowed it to establish a substantial footprint in this emerging mineral province.

What Are Miramar's Next Steps for the Bangemall Project?

With promising initial results and secured government co-funding, Miramar Resources has outlined a clear path forward to advance exploration at the Bangemall Project. The company's strategy focuses on employing cutting-edge technologies to efficiently identify priority drilling targets.

Planned Exploration Activities

Miramar will implement a detailed airborne magnetic and electromagnetic survey across its newly acquired tenements. This survey will utilize the government co-funding to maximize coverage and data quality, providing a comprehensive picture of the subsurface geology and potential mineralization.

The company also plans to complete a previously co-funded diamond drill hole at the Trouble Bore prospect. This drilling aims to test geological concepts developed through earlier exploration work and potentially intersect additional mineralization.

Miramar's exploration focus remains firmly on identifying massive nickel and copper sulphide deposits. These deposits typically have small footprints but are highly conductive, making them ideal targets for electromagnetic survey techniques. The potential economic value of such deposits justifies the targeted exploration approach.

The application of electromagnetic survey techniques represents the preferred method for this deposit type, as demonstrated by successful exploration programs at other nickel-copper provinces globally. By employing these proven methodologies, Miramar aims to accelerate the discovery process at Bangemall.

Why Are Electromagnetic Surveys Critical for Nickel-Copper Exploration?

The selection of appropriate geophysical techniques is crucial for effective exploration, particularly when targeting specific deposit types. For nickel-copper sulphide deposits, electromagnetic (EM) surveys have emerged as the most effective detection method, offering significant advantages over other geophysical approaches.

Technical Advantages of EM Surveys

Massive nickel and copper sulphide deposits have very small footprints compared to other mineral deposit types, making them challenging targets for broad-scale exploration techniques. However, these deposits are highly conductive due to their sulphide mineral content, creating a distinctive geophysical signature detectable by EM surveys.

EM surveys provide optimal detection capability for conductive ore bodies, able to identify potential mineralization at depths of several hundred meters beneath the surface. This depth penetration is essential when exploring in areas with significant cover or within complex geological settings.

These surveys enable more efficient targeting for subsequent drilling programs, drastically reducing the number of drill holes required to test a prospective area. This targeting efficiency translates directly to cost savings and accelerated discovery timelines.

As Miramar's Executive Chairman Allan Kelly aptly noted, EM surveys allow explorers to "get the best bang for their buck" when searching for nickel-copper deposits. The ability to rapidly screen large areas and focus drilling on high-priority anomalies maximizes the return on exploration investment.

How Does the Bangemall Project Compare to Other Nickel-Copper Provinces?

Understanding the Bangemall Project's potential requires contextualizing it within the framework of established nickel-copper provinces worldwide. Geological comparisons with proven mineral districts provide valuable insights into Bangemall's prospectivity and economic potential.

Comparative Analysis

The Bangemall Project shows geological similarities to the Giles Complex in West Musgrave, which hosts significant nickel-copper deposits including Nebo and Babel. Both regions formed during the same geological period and experienced similar magmatic events, suggesting comparable mineralization potential.

Perhaps more compelling are the shared characteristics with Russia's Norilsk deposits, which represent one of the world's largest nickel-copper-PGE resources. The Kulkatharra Dolerite sills at Bangemall mirror many of the features observed in the Norilsk intrusions, including their emplacement style and geochemical signatures.

The mineralogy at Bangemall shows similar sulphide ratios to proven world-class deposits, with a 3:1 chalcopyrite to pentlandite ratio closely matching that observed at Norilsk. This mineralization signature is particularly encouraging, as it suggests similar ore-forming processes were active.

Bangemall represents a first-mover opportunity in an emerging nickel-copper province, similar to the early days of exploration at other now-famous mining districts. The relatively limited historical exploration in the region leaves substantial potential for major discoveries, especially using modern exploration techniques.

What is Miramar Resources' Exploration History in the Region?

Miramar Resources has established itself as a pioneer in exploring the Bangemall region, with a focused strategy targeting specific deposit types. The company's systematic approach combines cutting-edge technology with sound geological principles to maximize discovery potential.

Company Background and Regional Focus

Miramar has been exploring the Edmund and Collier basins since listing on the Australian Securities Exchange in October 2020. This early entry into the region provided the company with a first-mover advantage in securing prospective ground.

The company has maintained a consistent focus on Norilsk-style mafic intrusion-hosted nickel-copper and PGE mineralisation. This targeted approach, guided by geological models derived from world-class deposits, allows for more efficient exploration of the vast region.

In response to encouraging exploration results, Miramar has recently expanded its land holdings around promising target areas, particularly at Mount Vernon and Trouble Bore. This strategic consolidation of tenements ensures control over key geological features and exploration targets.

The company has successfully leveraged government co-funding programs to maximize exploration effectiveness, demonstrating financial prudence while advancing project knowledge. This approach has allowed Miramar to conduct more comprehensive exploration than would otherwise be possible for a junior exploration company, an important consideration for those interested in mining stocks guide.

Frequently Asked Questions About Miramar's Bangemall Project

What type of mineralisation is Miramar searching for?

Miramar is specifically targeting Norilsk-style mafic intrusion-hosted nickel-copper and PGE mineralisation within the Edmund and Collier basins. This deposit type is characterized by magmatic sulphide accumulations associated with mafic intrusions, typically forming at or near the base of dolerite sills. These deposits can range from disseminated to massive sulphide styles, with the latter representing the highest-grade targets.

What evidence suggests the Bangemall Project could host significant deposits?

Recent drilling at Mount Vernon discovered disseminated nickel and copper sulphides within mafic cumulate rocks of the Kulkatharra Dolerite sills. These are key ingredients of Norilsk-style mineralisation and provide tangible evidence of mineralized systems within the project area. Additionally, the region shares geological age and characteristics with proven nickel-copper provinces such as the Giles Complex and Norilsk, supporting the prospectivity model.

How will the $250,000 co-funding be utilized?

The government co-funding will support a detailed airborne magnetic and electromagnetic survey across Miramar's newly acquired tenements. This comprehensive geophysical program will focus particularly on the Mount Vernon and Trouble Bore areas, where previous exploration has identified promising indicators of mineralization. The survey data will be used to identify conductive anomalies potentially representing massive sulphide bodies, which will then be prioritized for drill testing as part of the company's feasibility study insights.

Why are electromagnetic surveys particularly effective for this exploration?

Massive nickel and copper sulphide deposits have relatively small footprints but are highly conductive due to their mineralogy. This conductivity creates a distinctive geophysical signature that can be detected by electromagnetic surveys, even when the deposits are hundreds of meters below the surface. This detection capability makes EM the most effective method for identifying these deposits, allowing explorers to screen large areas efficiently and focus drilling on the most promising targets.

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