Miramar Resources Limited has entered into an innovative drill-for-equity agreement with Topdrill Pty Ltd to advance its exploration at the high-priority 8 Mile target within the Gidji joint venture project, located about 15 kilometres north of Kalgoorlie. Under the terms of the arrangement, Topdrill will finance 40% of the drilling costs—up to a maximum of $500,000—in return for the issuance of fully paid ordinary shares at a price set 10% below the twenty-day volume weighted average price. The shares will be subject to a voluntary six‐month escrow period following each invoice, and the entire arrangement expires on 31 December 2025. The RC drilling is scheduled to commence in July, following the completion of the current aircore drilling programme and site preparations. The 8 Mile target, which aligns with the Northern Star Resources Limited’s 8-Mile Dam deposit known for its significant gold content, is bolstered by Induced Polarisation survey data suggesting a potential northern extension offset by NE-trending faults. This strategic positioning within the Eastern Goldfields Province, amidst several active gold operations, underscores Miramar’s ongoing commitment to maximize drilling budgets and exploration results across multiple gold targets. Market sentiment regarding this development shows a mix of bullish and bearish perspectives. On the bullish side, the drill-for-equity deal not only preserves cash but also demonstrates a high level of confidence in Miramar’s exploration strategy, potentially paving the way for significant gold discoveries and an expanded gold camp in the region. Conversely, the bearish view might focus on the inherent uncertainties of exploration drilling, including the risks related to geological variability and the dependency on third-party execution, which could impact both the short-term exploration results and share price stability. Miramar Resources Limited continues to build on its track record of successfully identifying and developing mineral opportunities. The latest initiative at the Gidji joint venture project combines strategic financial planning with technical exploration prowess—a move that could offer value to shareholders and attract interest from the broader investment community.