Miramar Resources Limited (ASX: M2R) - Surprises in the Bangemall: Carbonatites and IOCG

Coffee with Samso Episode 164: Exploration work has begun at the Bangemall project and its starting to come up with very interesting results. Allan Kelly, Executive Chair of Miramar Resources Limited (ASX: M2R) narrates this story.

 

When we did the first episode of Coffee with Samso with Miramar Resources, I liked the Bangemall and Whaleshark projects. To me, these two had the potentially a big pay day if the results came good. The plan at that time was always to begin activities at these projects but the focus was at Gidji.

 

This episode of Coffee with Samso is all about the Bangemall. In some ways, the Bangemall is the western end and the Whaleshark project is the eastern end members of the Gascoyne/Ashburton complex, respectively. This region has been a neglected part of the Western Australian mineral exploration world till about 12 months ago.

 

The reason I was interested in these projects is that they lie in this mobile belts that have hosted many mineral deposits. For those people who have been following the Samso series of videos, you will have come across the many conversations about finding great deposits in regions once neglected.

 

The Bangemall and Whaleshark projects is another example. If you had watched the earlier conversations with Allan Kelly, you would have heard him talking about the reasons why he picked these projects.

 

The Bangemall Story - Miramar Resources Limited (ASX: M2R) - Coffee with Samso - Episode 146

 

The Whaleshark Project Story - A Discussion : Miramar Resources Ltd (ASX: M2R) - Rooster Talk

 

The recent market darling has been dealing with the discovery of Rare Earths in clays. I have made several comments about the need to differentiate, potential economic discoveries and a discovery. In the case of the guys in the Gascoyne-Ashburton region, they are looking for hard rock versions. They are looking for carbonatites or equivalents.

 

Companies have projects and they must choose the one that gives the company the greatest value. This is one of the best traits of good management. One should never fall in love with the projects. If there is a favorable outcome for the company, the strategy must allow for divestments.

 

Check out the episode and always, DYOR.