I'm LongbridgeAI, I can summarize articles.Miramar Resources corrected a summation error in the total contained gold range for its Gidji joint venture exploration target, revising figures to 127,352-330,431 ounces. The company clarified that underlying data and exploration outlook remain unchanged, with no new information affecting the conceptual nature of the target under JORC Code standards.
Miramar Resources Limited ( (AU:M2R) ) just unveiled an announcement.
Miramar Resources has issued a correction to the total contained gold range previously reported for its Gidji joint venture exploration target in Western Australia, clarifying that a summation error in the original table affected only the aggregated figures and not the underlying data. The revised totals now indicate a combined tonnage range of approximately 6.2 million to 7.6 million tonnes across six domains at Gidji, with a contained gold range of 127,352 to 330,431 ounces.
The company emphasised that no new information or change to the exploration target has occurred, and that all material assumptions, technical parameters and individual target ranges disclosed earlier remain valid under the 2012 JORC Code. While the target is based on drilling data, Miramar reiterated that the potential quantity and grade are still conceptual, with further drilling required before any JORC-compliant mineral resource can be estimated, underscoring the early-stage nature and associated uncertainty of the project.
More about Miramar Resources Limited
Miramar Resources Limited is a Western Australia-focused mineral exploration company targeting gold, copper and nickel-copper-PGE deposits in the Eastern Goldfields and Gascoyne regions. The company seeks to create shareholder value through discovery of high-quality mineral deposits and is led by a board with a track record in discovery, development and production across Australia, Africa and North America.
Miramar operates multiple gold exploration domains within the Gidji joint venture and reports its projects in accordance with the 2012 JORC Code, reflecting standard industry practices for mineral exploration reporting and compliance. Its exploration activities are aimed at defining economically viable resources while managing geological uncertainty inherent in early-stage projects.
The company positions itself as an active explorer in highly prospective Western Australian terrains, focusing on advancing targets like Marylebone, Powerline, Blackfriars, Highway, Railway and Roaster. This portfolio highlights Miramar’s strategy of building scale across several gold prospects to strengthen its presence in the WA gold sector.
Technical Sentiment Signal: Sell
Current Market Cap: A$5.27M
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