Miramar Resources Limited has announced a new share purchase plan designed to raise up to approximately $1 million to accelerate drilling at its 8 Mile gold prospect within its 80%-owned Gidji JV Project. The initiative comes after the company confirmed significant gold mineralisation extending on strike from the nearby 8-Mile Dam gold deposit, with promising induced polarisation anomalies detected in early drilling. Pending assay results from additional RC holes and remaining sections of the initial drill hole will further refine the scope of these findings and shape the next phase of systematic drilling. The share purchase plan will be available to eligible shareholders, allowing applications for up to $30,000 worth of new fully paid ordinary shares at an issue price set at a 20% discount to the volume weighted average share price from the preceding five days. With the offer opening on July 28, 2025, and closing on August 11, 2025, the company emphasizes that the raised funds will primarily be allocated to intensify drilling efforts at 8 Mile. A drill-for-equity agreement with Topdrill remains in place, ensuring that the capital raised will maximize drilling efficiency at the Gidji project. Alongside the drilling acceleration, Miramar is advancing other exploration initiatives. Final preparations are underway for an EIS-co-funded airborne magnetic and VTEM survey at the Bangemall Ni-Cu-PGE Projects, with additional field sampling planned at the high-grade Chain Pool Cu-Pb-Zn-Ag Project to extend known mineralisation. The Gidji JV Project, located approximately 15 kilometres north of Kalgoorlie-Boulder within the prominent Boorara Shear Zone, has revealed multiple targets through systematic aircore and RC drilling since exploration commenced in 2020. From a bullish perspective, the strengthened exploration results and the immediate capital injection via the share purchase plan position Miramar Resources Limited to potentially unlock significant gold discoveries. The integration of technical indicators, such as induced polarisation anomalies, with positive drilling outcomes suggests a promising trajectory for further resource development. On the other hand, a bearish view may highlight the inherent risks in exploration-stage projects, where additional capital raising can lead to share dilution and the uncertainty of pending assay results might pose challenges to immediate value creation. Overall, the announcement reflects a proactive strategy to advance exploration targets in a well-known gold-rich region, balancing technical promise with the caution typical of early-stage mineral exploration endeavors.