• A major magnetic and VTEM survey has taken off at Bangemall
• Miramar is targeting massive nickel-copper-PGE sulphides, key ingredients of Norilsk-style mineralisation
• The survey will take about four weeks to complete

 

Special Report: A detailed magnetic and versatile time domain electromagnetic (VTEM) survey has taken to the skies across Miramar’s Bangemall asset in WA’s Gascoyne, targeting massive nickel-copper-PGE sulphides.

The aerial survey, co-funded via Venture 2 of the WA Government’s geophysics program, is part of the Exploration Incentive Scheme (EIS), designed to stimulate mineral and energy exploration in the state.

Miramar’s (ASX:M2R) Bangemall project covers ~1230km² of the Edmund and Collier basins where they are intruded by multiple Kulkatharra Dolerite sills, forming part of the continental-scale Warakurna Large Igneous Province.

These sills are the same age as the intrusions which host the large Nebo and Babel nickel-copper-PGE deposits in the West Musgrave region of Western Australia.

M2R began exploring for Norilsk-style nickel-copper-PGE deposits in 2021, a type of mineral deposit found within large mafic intrusions, particularly those associated with flood basalt provinces like the Siberian Traps in Russia.

In February 2025, M2R revealed that RC drilling at the Mount Vernon project had discovered disseminated nickel and copper sulphides in differentiated Kulkatharra Dolerite sills for the first time.

These types of deposits are some of the world’s largest and most valuable mineral deposits due to their high metal content and relatively high-grade.

 

Detailed surveys key to finding Noril’sk-style mineralisation

Since beginning exploration at Bangemall, M2R executive chairman Allan Kelly said the company had proved the existence of differentiated dolerite sills, mafic cumulate rocks and disseminated nickel and copper sulphides, all key ingredients of Norilsk-style mineralisation.

“Now we need to find the massive sulphides,” he said.

“Despite having a relatively small footprint, massive nickel-copper sulphide deposits are highly conductive, making a detailed EM survey the best way to explore for this type of deposit.

“The EIS co-funding enables us to cover the most prospective areas with a flight line spacing appropriate for the size of deposits we are looking for.”

 

What else is happening?

The planned survey comprises 4,500-line km with a north-south flight line spacing of 200m and is expected to take about four weeks to complete.

Meanwhile, M2R is waiting on assay results from recent RC drilling at the 8 Mile prospect within the Gidji JV project and is planning further drilling and geophysical surveys.

Watch: Miramar High-grade gold hit in first 8 Mile hole

A field trip to conduct further soil and rock chip sampling aimed at extending the strike length of high-grade copper-lead-zinc-silver mineralisation at the Chain Pool project is planned for the coming weeks.

The company has also initiated a sale process for its non-core Glandore and Randalls gold projects.

 

 

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.