Latest Meeka Metals (ASX:MEK) News

Meeka Metals has finalised its purchase of three gold deposits near Mt Holland, Western Australia, setting the stage for a resource update and extensive drilling to unlock further value.

Meeka Metals reports significant high-grade gold intersections well below the Turnberry Ore Reserve, coinciding with a strategic shift from open pit to underground mining amid contractor productivity issues.

Meeka Metals is transitioning to underground mining at its Murchison Gold Project, with capital investment tapering and exploration drilling underway to support resource growth and production expansion.

Meeka Metals has kicked off ore development at Judy North within its Andy Well underground mine, targeting a 96,000-ounce high-grade gold resource. Development is expanding across multiple levels, with grades aligning with resource estimates and potential for improvement at depth.

Meeka Metals has expanded gold mineralisation at its Rosapenna target within the Fairway shear zone, pushing the strike length to 670 metres and confirming the area’s exploration upside in the Murchison Gold Project.

Meeka Metals has secured a strategic 71km2 package of gold tenements around Mt Holland, aiming to unlock further ounces with a 20,000m drilling campaign over the next 12-18 months.

Meeka Metals’ March quarter gold production declined due to heavy rainfall impacting mining access, while processing throughput improved significantly. The company expects stable throughput in the near term and increased output as underground ore contributes more.

Meeka Metals is set to increase gold processing capacity at its Murchison Gold Project by 200,000 tonnes per annum through a $6 million ore sorting upgrade, targeting commissioning in September 2026. This innovative approach promises higher-grade feed, increased production, and lower costs.

Meeka Metals delivered a robust December quarter with a 28% jump in gold production and nearly doubled operating cash flow, while exploration at new targets hints at further resource expansion.

Meeka Metals’ initial exploration drilling at the new Rosapenna target within the Fairway shear zone reveals significant high-grade gold intersections, underscoring the potential for resource growth at the Murchison Gold Project.

Meeka Metals has reported significant shallow high-grade gold intercepts at its Andy Well underground mine, extending the Wilber lode strike by approximately 450 metres south and highlighting potential for resource growth within 200 metres depth.

Meeka Metals reports robust high-grade gold intersections at Turnberry South, signaling potential resource expansion and a longer open pit mining phase beyond initial plans.