Recent Tenement Acquisition, page-2

I would like to point out that upon further investigation into the recently acquired tenements, the Company's 'Goldfields Exploration Update' announcement on 22 April 2024, particularly the new application, warrants attention.


Further investigation reveals that this was in competition with applications from Haggerston Pty Ltd, a subsidiary of Hancock Prospecting owned by Gina Rinehart. Once again, Miramar appear to have 14 day priority on this application.

What's particularly impressive (read rare amongst ASX small caps) is that the company has been targeting these prospective applications directly (9 and 22 April new tenements) and or for reasonable consideration with the last (20 May), rather than paying over the odds to third-party vendors, which is a common practice among many companies.

Unfortunately, this approach doesn't result in the post-acquisition price surge that some similar small companies experience when they get the right people set on vends to promote what's often effectively "moose pasture", but it appears M2R is constructing a very solid portfolio without diluting shareholders.

My anticipation is high for the company's next updates. It seems it may have taken a few years of effort to achieve what appears to be gearing up to M2R becoming an overnight success. Or at least, that seems quite plausible given the current market cap of approximately $2 million. Only time will tell.