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22. October 2025
Miramar Resources Nears New Chapter As It Sold Outdoors Kalgoorlie With 150 Million Randalls Deal
Miramar Resources has taken a significant step in its journey towards strategic growth, finalizing a binding sale agreement for its Randalls project located approximately 70 kilometers east of Kalgoorlie, Australia. This move is part of the company’s broader plan to streamline its portfolio and focus on higher-potential gold and critical minerals projects.
The sale of the Randalls project to Future Battery Minerals (FBM) is an exclusive six-month option that grants FBM the opportunity to acquire 100% of all mineral interests associated with the project. This strategic partnership will enable Miramar to concentrate on more promising ventures, such as the Gidji Joint Venture (JV) gold project and the Bangemall copper-nickel-platinum group elements (PGEs) projects.
The divestment aligns with Miramar’s strategy to focus on exploration works in the Eastern Goldfields and Gascoyne regions of Western Australia (WA). According to Miramar’s executive chairman, Allan Kelly, the sale will enable the company to concentrate on more new ventures while still maintaining potential benefits from the Randalls project.
“We have some really exciting projects which have potential for near-term discoveries of gold and critical minerals including copper, nickel, PGEs, and REEs [rare earth elements],” Kelly stated. “The consideration for Randalls includes shares in FBM, milestone payments on delineation of JORC-compliant resources, and a royalty from any future production from those tenements.”
Kelly further emphasized that Miramar is committed to advancing exploration at the Whaleshark copper-gold project near Onslow, as well as exploring the Chain Pool copper-lead-zinc-silver project. The company is also working on tenement applications for the Carnarvon heavy mineral sands project, situated near the mouth of the Gascoyne River.
The recently announced multi-million-dollar, multi-year exploration JV agreement with Japanese mining giant Sumitomo over the Bangemall nickel-copper-PGE project in the Gascoyne region of WA means that exploration at Bangemall will be fully funded for the foreseeable future. This arrangement allows Miramar to allocate most of its resources to exploration at Gidji, which is expected to yield significant discoveries.
The terms of the sale agreement include a non-refundable A$50,000 ($32,432) option fee paid by FBM, with FBM responsible for operational costs during the option period. Upon exercise, the settlement will include A$125,000 in cash, A$125,000 in FBM shares, and a 1% net smelter return royalty.
There are also deferred milestone payments tied to the announcement of JORC-compliant mineral resources, providing an added layer of security for Miramar. These milestones are expected to be significant, with potential discoveries at Gidji that could have a substantial impact on the company’s future growth.
The sale of the Randalls project is just one aspect of Miramar’s broader strategy to focus on higher-potential projects. By concentrating on exploration works in regions like the Eastern Goldfields and Gascoyne, Miramar aims to capitalize on the significant mineral deposits found in these areas.
As the mining industry continues to evolve, companies like Miramar Resources are taking proactive steps to secure their futures through strategic partnerships and divestments. The sale of the Randalls project is a prime example of this approach, providing FBM with access to a high-quality mineral asset while allowing Miramar to concentrate on more promising ventures.
Miramar’s commitment to advancing exploration at new projects such as Whaleshark copper-gold and Chain Pool copper-lead-zinc-silver demonstrates the company’s proactive approach to driving growth. By investing in these projects, Miramar is positioning itself for future success and capitalizing on the significant mineral deposits found in regions like Onslow and Gascoyne.
The sale of the Randalls project marks an important milestone in Miramar’s journey towards strategic growth. With a focus on higher-potential gold and critical minerals projects, Miramar is well-positioned to drive growth and success in the years to come.
With a focus on exploration and strategic partnerships, companies like Miramar Resources are well-equipped to drive growth and success in the years to come. As the industry continues to evolve, it will be exciting to see how companies like Miramar Resources navigate the challenges and opportunities that lie ahead.
The future of mining in Western Australia looks bright, with numerous projects at various stages of development. Companies like Miramar Resources and Future Battery Minerals are well-positioned to capitalize on the significant mineral deposits found in regions like Kalgoorlie and the Gascoyne.
Miramar’s strategy to focus on exploration works in regions like the Eastern Goldfields and Gascoyne is expected to yield significant discoveries, driving growth and success for the company. By taking proactive steps through strategic partnerships and divestments, companies like Miramar Resources are securing their futures in the mining industry.
The sale of the Randalls project provides FBM with access to a high-quality mineral asset while allowing Miramar to concentrate on more promising ventures. This partnership is just one example of how companies can navigate the challenges and opportunities in the mining industry through strategic partnerships and divestments.
As the mining industry continues to evolve, it will be exciting to see how companies like Miramar Resources navigate the future. With a focus on exploration and strategic partnerships, these companies are well-equipped to drive growth and success in the years to come.
Miramar’s commitment to advancing exploration at new projects such as Whaleshark copper-gold and Chain Pool copper-lead-zinc-silver demonstrates the company’s proactive approach to driving growth. By investing in these projects, Miramar is positioning itself for future success and capitalizing on the significant mineral deposits found in regions like Onslow and Gascoyne.
The sale of the Randalls project marks an important milestone in Miramar’s journey towards strategic growth. With a focus on higher-potential gold and critical minerals projects, Miramar is well-positioned to drive growth and success in the years to come.
Companies like Miramar Resources are taking proactive steps to secure their futures through strategic partnerships and divestments. The sale of the Randalls project is a prime example of this approach, providing FBM with access to a high-quality mineral asset while allowing Miramar to concentrate on more promising ventures.
As the mining industry continues to evolve, it will be exciting to see how companies like Miramar Resources navigate the challenges and opportunities that lie ahead. With strategic partnerships and a focus on exploration, these companies are well-equipped to drive growth and success in the years to come.