Meeka Metals Limited

At the Murchison #Gold Project, significant progress continues as processing plant expansion accelerates, accommodation village nears completion and support infrastructure work commences. Meeka Metals Limited is pleased to see that the construction of the expanded 136-person accommodation village is nearing completion with full commissioning in December 2024. Latest update: https://loom.ly/2AwLPC4 #MeekaMetals #MEK #ASX #WAMining

#ASXNews Meeka Metals Limited is pleased to report high-grade #gold assays from ongoing #drilling at the new open pit mining area, Turnberry and St Anne’s, ahead of mining in the March 2025 quarter. • Drilling is ongoing at the new open pit mining area in the Murchison where new results from Turnberry include: o 9m @ 16.83g/t Au from 51m including 5m @ 29.02g/t Au (24TBGC021) o 21m @ 4.63g/t Au from 44m including 6m @ 13.18g/t Au (24TBGC016) o 7m @ 6.76g/t Au from 80m 1m @ 11.25g/t Au and 1m @ 32.2g/t Au (24TBGC022) • New results from St Anne’s include: o 11m @ 13.01g/t Au from 47m including 4m @ 30.66g/t Au (24SAGC016) o 8m @ 6.49g/t Au from 58m including 2m @ 15.475g/t Au (24SAGC012) • These strong results are expected to support and improve the open pit #production outlook in the Murchison. • Assay results have been received (and reported in this announcement) for 20 of the 145 holes drilled to 17 December 2024. RC drilling and reporting of assay results will continue into 2025. Commenting on the drilling, #MEK’s Managing Director Tim Davidson said: “The results continue to bolster the outlook for production from our open pits where mining will commence on schedule in the March 2025 quarter. “Drilling will continue into the new year, in advance of mining, as we strengthen and look to further upgrade the production plan ahead of first gold in mid-2025.” See the full announcement: https://loom.ly/a-Bb9jE #MeekaMetals #ASX #MiningNews #WAMining

The 20km haul road between the open pit mining area and the processing plant at Meeka Metals Limited Murchison #Gold Project continues to progress ahead of schedule in preparation for mobilisation of the open pit mining contractor. See the latest update: https://loom.ly/2AwLPC4 #MeekaMetals #MEK #ASX #WAMining

via Bulls N' Bears Meeka Metals WA gold project a billion-dollar mine in the making Meeka Metals Limited has posted a massively improved definitive feasibility study that places its Murchison #gold project in Western Australia firmly on the road to almost doubling its total free cashflow to $1 billion, when it starts producing the yellow metal in mid-2025. Read more: https://bit.ly/4iv6l2X #MEK #ASX #WAMining

#ASXNews Meeka Metals Limited is pleased to share its Murchison Feasibility Study Update Presentation for the Company's Murchison Gold Project in WA. VIEW the Presentation: https://loom.ly/0GvNBPI #Investor #Mining #MeekaMetals #Gold #MEK #ASX

via MiningNews.net Meeka Metals Limited has reported increased #gold reserves and associated production from its currently being developed, fully funded Murchison project in Western Australia. Reserve ounces have increased by about 30% to 400,000oz, while gold production/sales peaks at 76,000oz and averages 65,000oz in the first seven years. All-in costs are put at A$2250/oz, about $2000/oz less than the current spot price of the precious metal. Those numbers compare to Meeka's current enterprise value, estimated to be circa $130-140 million. Read more: https://loom.ly/F9GPB2g #MeekaMetals #MEK #ASX #WAMining

#ASXNews Meeka Metals Limited is pleased to share that the updated Feasibility Study (“Study” or “FS2.0”) has delivered 31% growth in Ore Reserves, 40% increase in production and exceptional financial outcomes over an initial 10-year production plan. • Undiscounted pre-tax free cash flow $1B, NPV8% of $616M and IRR of 180% at spot gold price ($4,100/0z). • Remaining start-up capital of $46M (including bringing forward $5m of underground establishment costs). • Total #gold sales increase by 40% to 544koz with peak annual gold sales of 76koz in year 5 and average annual gold sales of 65koz over first 7 years. • Every $100/oz increase in gold price increases undiscounted pre-tax free cash flow by ~$52M. • All-in Sustaining Cost (AISC) of $1,982/oz and All-in Cost (AIC) of $2,247/oz based on current industry costs within ±15%. • The Study underpins 31% growth in Ore Reserves to 400koz @ 3.1g/t Au. Importantly, 72% of the production target is from Measured and Indicated Mineral Resources. There is a lower level of geological confidence associated with Inferred Mineral Resources with no certainty that further exploration will result in the conversion to Indicated Mineral Resources or that the production target itself will be realised. Commenting on the Study, #MEK's Managing Director Tim Davidson said: “While we are already well on the way to production in the Murchison, the Study highlights the material impact expanded processing capacity has on both production and cash flow. The Company is now laser focussed on project delivery and first gold by mid-2025, as well as the clearly defined succession of new mines to be developed over the coming 24 months as production ramps up.” VIEW the Updated Feasibility Study: https://loom.ly/B-0wQpU #MeekaMetals #FeasibilityStudy #ASX #Gold

Meeka Metals Limited 100% owned Murchison Gold Project covers the northern extent of the highly prospective Mount Magnet and Youanmi Shear Zones in the prolific Murchison Gold Fields of Western Australia. The project is located adjacent to several multi-million ounce #gold mines and includes 281km² of granted mining leases and exploration licences. Extensive established site and regional infrastructure: • Existing CIL processing plant – expansion and restart works underway. • Sealed airstrip in Meekatharra, suitable for large jet aircraft. • Sealed highway access to the Project gate. Discover more: https://loom.ly/Mfm5rK0

Expansion work on the CIL #gold processing plant is now well underway at Meeka Metals Limited's Murchison Gold Project, with the 750kw ball mill foundation now installed and concrete poured as well as foundations for leach and adsorption tanks, with tank skin fabrication underway. See latest update: https://loom.ly/2AwLPC4 #MEK #ASX #GoldDeveloper #WAMining

Following the successful relocation of the 750kW ball mill equipment package to Meeka Metals Limited Murchison Gold Project, the Company has begun the process plant upgrade and refurbishment works, aiming to commence gold production in mid 2025. See #MEK's latest news: https://loom.ly/JMbMNTE #ASX #gold #mining