M2R: Gidji JV Project - Gold Drilling Update
Original announcement by asx on
- Company
- Miramar Resources Limited
- Ticker
- M2R
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Gold
- Secondary commodities
- Tellurium, Arsenic
- Document categories
- Other, Resource update
- Extracted
- 2026-10-12 02:11:24 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Miramar Resources is preparing to commence RC bedrock drilling at the Gidji JV Project to test high-priority targets at Marylebone and Lake. The company also plans infill and extensional drilling to upgrade existing Inferred Resources at the Highway and Marylebone deposits.
Reasoning: The document is a drilling update announcing upcoming programs and planning rather than reporting new assay results. It also restates the maiden resource figures from August 2026.
Positive factors
- upcoming drilling campaign to test bedrock targets
- planned infill/extensional drilling to upgrade existing resources
- identification of pathfinder elements like Tellurium and Arsenic
Negative factors
- no new assay results reported in this update
Facts used in scoring: 1
Classification and evidence
Infill Drillingneutral · Story-specific tag
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The company plans to conduct infill and extensional drilling at the Highway and Marylebone deposits.
Evidence · text
“The Company plans to conduct infill and extensional drilling at the Highway (Figure 2) and Marylebone Deposits (Figure 3) Resources.”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The announcement discusses plans to upgrade and extend existing Inferred Resources.
Evidence · text
“Resource infill/extensional drilling planned for Highway and Marylebone deposits”
Extracted facts
Stored fact records: 1. Some facts used in scoring do not have a stored record.
Resource Estimates (1)
inferredGidji JV Project · goldTonnes: 1040000Grade: 1.2Grade Unit: g/tContained Metal: 39764Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gidji JV Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- M2R
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:1d108a1c7dfa0a2193eb
Resource Data
- Category
- inferred
- Tonnes
- 1040000
- Grade
- 1.2
- Grade Unit
- g/t
- Contained Metal
- 39764
- Contained Unit
- oz
- Cutoff Grade
- 0.2
- Cutoff Unit
- g/t Au
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-08-20T00:00:00.000Z
Dates
- Event date
- 2026-10-12T00:00:00.000Z
Reasoning: Restatement of the maiden Inferred resource announced in August 2026.
Positive factors
- maiden resource established
Negative factors
- historical data
Evidence · text
“In August 2026, the Company announced a maiden shallow Inferred Mineral Resource Estimate at Gidji totalling 1.04Mt @ 1.20g/t Au for 39,764 ounces (above a 0.2g/t Au cutoff)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.