Resource Growth or Risk? Meeka Metals’ Andy Well Gold Expansion Unfolds

Strong Drill Results at Andy Well

Meeka Metals Limited has announced compelling results from recent surface drilling at its Andy Well underground mine, part of the Murchison Gold Project in Western Australia. The company reported multiple high-grade gold intercepts, including a standout 4 metres at 27.82 grams per tonne gold, which notably extends the strike of the Wilber lode approximately 450 metres south beyond the current mining footprint.

These intercepts were encountered at shallow depths, generally less than 200 metres, reinforcing the potential to expand both Resources and Reserves in zones that are accessible with relatively low capital expenditure. The Wilber lode is known for its high-grade mineralisation, often exceeding 100 grams per tonne within the lode, and these new results align with that profile.

Strategic Implications for Production

Meeka’s Managing Director Tim Davidson highlighted that the southern extension of the Wilber lode represents a significant increase to the current mine plan. The shallow nature of these high-grade zones means they can be accessed from the existing decline infrastructure, which is expected to generate strong cash flow with limited additional capital investment.

Ore development is currently focused on these southern extensions, where grades are exceeding expectations. This bodes well for sustaining and potentially increasing underground production over the next two years, consistent with the company’s strategy to prioritise shallow, high-grade gold lodes.

Ongoing Exploration and Future Outlook

In addition to the surface drilling at Andy Well, Meeka Metals continues to advance exploration at the Turnberry prospect, following up on high-grade gold intersections on its northeastern flank. Reconnaissance drilling is also underway along a roughly 3-kilometre section of the broader 20-kilometre Fairway shear zone, indicating a broader regional exploration effort.

Underground diamond drilling results from Andy Well are anticipated in the March 2026 quarter, which will provide further clarity on the depth extensions and continuity of the mineralisation. The company’s Definitive Feasibility Study from December 2024 outlines a robust 10-year production plan averaging 65,000 ounces of gold per annum in the first seven years, supported by a strong pre-tax free cash flow projection of $1 billion.

Technical and Operational Confidence

The drilling program employs industry-standard reverse circulation and diamond core techniques, with rigorous quality control and sampling protocols overseen by experienced geologists and a Competent Person as defined by the Australasian Code for Reporting Exploration Results. The mineralisation style is orogenic shear-hosted quartz reefs, with visible gold frequently observed, lending confidence to the assay results and geological interpretations.

With the mineralisation remaining open at depth and along strike, Meeka Metals is well positioned to update its resource models and potentially enhance its production profile as new data emerges.