Miramar Resources Limited has advised that the company has further expanded its strategic Eastern Goldfields tenement portfolio with an Exclusive Option to acquire an Application Exploration Licence approximately 90 km east of Kalgoorlie in Australia.
The Application for Exploration Licence E25/654 abuts Global Lithium Resources Limited’s “Manna” lithium project and the recent rare earth element (REE) discovery by Kairos Minerals Limited at its “Black Cat” Prospect.
The Application abuts Miramar’s existing Randalls Project, is located between Silver Lake Resources Limited’s Mt Belches and Aldiss gold operations and overlies the confluence of three major regional structures, the Avoca, Jubilee and Yilgangie Faults.
Underlying geology includes the Mt Belches Formation, which hosts both the Mount Belches gold deposits and the Mineral Resources Limited’s Bald Hill lithium mine further south.
Given its location and prospective geology, Miramar believes the Application has potential for the discovery of gold, lithium, and REE mineralisation, but has been underexplored, with minimal previous drilling.
In late April 2024, Debnal Pty Ltd, a company controlled by Miramar’s Executive Chairman, Mr Allan Kelly, was awarded an exclusive 14-day Prior Right to apply for the area by the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS), ahead of competing applications submitted by several other companies, including FMG and Hancock Prospecting.
Debnal submitted its tenement Application on 8 May 2024.
Miramar will now progress the tenement application towards grant.