Why Suriname.
Gold mining in Suriname is in an early, rapid discovery phase. Miata's two assets sit on the Guiana Shield — the geological twin of West Africa's great gold belts — in a pro-mining jurisdiction, beside producing major mines, on ground mined by hand for a century but barely tested by the drill.
A West African gold belt, on the other side of the Atlantic.
This age of rock is a major source of gold both in eastern South America and West Africa — the two were joined before the Atlantic opened. The Guiana Shield and its West African counterpart host many gold mines, typically shear- and fold-hosted orogenic deposits, single examples of which can exceed a million ounces.
Prolonged tropical weathering has produced laterite and saprolite profiles up to 100 m deep. The soft rock mines and mills at low cost — a structural advantage that carries through any future development.
Two concessions,
beside the majors.
The belt produces at scale.
Two large-cap gold mines operate within the same Guiana Shield greenstone belt as Miata's ground. Their reserves frame what the system can host.
Merian
- Operator
- Newmont
- Gold reserves
- 3.9 Moz
- Reserve grade
- 1.16 g/t Au
- Relevance
- Adjacent to Nassau
Rosebel
- Operator
- Zijin Mining
- Gold reserves
- 3.5 Moz
- Reserve grade
- 1.1 g/t Au
- Relevance
- Same belt, Suriname
!Not comparable: drill intercept vs mineral reserve. The figures above are operator-reported mineral reserves (a grade over a defined, classified tonnage). Miata's best result to date — 96 m @ 1.41 g/t Au at Big Berg — is a single drill intercept over one core length, not a reserve, resource or average grade. The two cannot be read as equivalent.
Source: Miata Metals corporate presentation, June 2026 (operator-reported reserves). Nearby deposits are not necessarily indicative of mineralization on Miata's projects, and Miata has no current mineral resource or reserve estimate.
Suriname, framed for diligence.
A balanced view of the operating environment — the strengths that drew us, and the factors any institutional checklist should weigh.
Mining law & fiscal regime
Suriname operates a mineral-agreement framework under its Mining Decree; large mines run under negotiated fiscal terms. Smaller-scale exploration and exploitation rights are granted by concession.
Permitting status
Sela Creek holds an exploitation licence (renewed 2025) supporting the current drill program; Nassau is held at the exploration/concession stage.
Operating majors
Newmont (Merian) and Zijin Mining, via IAMGOLD's former Rosebel mine, operate large producing gold mines in-country — evidence that majors can permit, build and run mines in Suriname.
Infrastructure & access — candidly
Projects sit in interior rainforest with limited road, grid and port access; resupply is by river, air and seasonal tracks, and the wet season constrains field months. This raises logistics cost and is a genuine factor to underwrite.
Currency & macro
The Surinamese dollar (SRD) has seen material devaluation; Miata raises and reports in Canadian dollars, but in-country costs and labour carry currency and inflation exposure.
Stakeholders & social licence
Miata signed an MOU with the Okanisi People (May 2026) and partners with Suriname's largest drilling company — early steps toward the community and operational relationships interior projects depend on.
Sources: Miata Metals corporate presentation (June 2026); company disclosure. Jurisdiction factors are summarised for orientation and are not a substitute for independent legal, tax and country-risk diligence.
For the first-time visitor.
Neutral reference facts to orient the jurisdiction story. Sources: population — World Bank (2024); extractive-sector share of GDP — EITI Suriname (2020).
The conditions for a discovery, aligned.
Uncharted territory
Mined artisanally for decades, yet barely tested in bedrock by systematic, modern exploration.
Industry-leading neighbours
Newmont's Merian and Zijin's Rosebel mines operate within the same belt — proof the system produces at scale.
Low-cost setting
Deep saprolite, skilled local labour, efficient labs and competitive drilling costs in a pro-mining jurisdiction.
Artisanal as a vector
A century of hand-mining maps the gold for us — every working is a clue to where bedrock mineralization sits.
Two assets, one thesis.
| Sela Creek | Nassau | |
|---|---|---|
| Area | ~215 km² | ~200 km² (19,916 ha) |
| Interest | 70 → 100% | 70 → 100% |
| Distance to Merian | Same belt, eastern Suriname | Adjacent to Newmont Merian |
| Status | Drilling | Pre-drill |
| Best result | 96 m @ 1.41 g/t Au at Big Berg (drill intercept, Mar 2026) |
High-grade quartz veins at surface |
| Targets | 7 along a 7 km corridor | 3 priority targets |
| Program | Fully funded 25,000 m diamond drilling, two rigs | Surface work ahead of maiden drilling |
Grade values are drill intercepts unless noted; grab/surface samples are selective by nature and not necessarily representative of the deposit. Figures use existing on-page disclosure. Source: Company.
Drilling
Sela Creek
A 7 km gold corridor with seven targets along two major shear zones, drilled by a fully funded 25,000 m program. Best intercept to date: 96 m at 1.41 g/t Au at Big Berg (drill intercept, March 2026).
Pre-drill
Nassau
A ~200 km² concession beside Newmont's Merian mine — alluvial workings around a central plateau and high-grade quartz veins at surface, with three priority targets ahead of the drill.
Disciplined, drill-led, independently checked.
We work each target from surface sampling and auger through trenching to diamond drilling, building a 3D picture of the system hole by hole. Dr. Jacob (Jaap) Verbaas, P.Geo., CEO and a director of Miata Metals Corp., is a Qualified Person as defined under NI 43-101 and has reviewed and approved the scientific and technical information on this page.
Certified assay lab
Drill core analyzed at FILAB Suriname — ISO 9001:2015 certified.
Fire assay + AA finish
50 g fire assay; gravimetric and metallic-screen finishes on high-grade samples.
Standards, blanks & duplicates
Certified reference materials inserted through every sample sequence for QA/QC.
NI 43-101 technical report
An independent report on Sela Creek is filed and publicly available.
See the full investment case.
Capital structure, analyst coverage and the latest corporate presentation (October 2026).