Miramar Resources (ASX:M2R) has secured an exclusive six-month option to acquire the South Ashburton Gold, Copper, and Antimony Project in Western Australia.
The agreement gives the company control over 188km2 of prospective terrain in the Gascoyne region, a territory that has seen no active drilling for over three decades.
The project area is located within the Ashburton Basin, a geological province known for significant mineral deposits such as Paulsens and Mt Olympus.
Despite the presence of outcropping mineralisation, historical data indicates the site has remained untouched by fieldwork for ten years and has not been drilled since 1991.
Managing Director Marion Bush stated that the acquisition aligns with Miramar’s strategy of targeting underexplored assets with high discovery potential.
While evaluating South Ashburton, the company is maintaining its exploration momentum elsewhere.
Reverse circulation drilling is currently underway at the Blackfriars and Highway targets within the flagship Gidji JV Gold Project, with results expected following laboratory analysis in Kalgoorlie.