Meeka Metals Limited (ASX:MEK) has a portfolio of high quality 100% owned projects across Western Australia.
Meeka’s Flagship Murchison Gold Project
Meeka’s flagship Murchison Gold Project hosts a large high-grade 1.2Moz @ 3g/t Au Mineral Resource on granted Mining Leases. The Murchison Gold Project Definitive Feasibility Study released in December 2024 focusses on restarting the fully permitted Andy Well mill. The Study outlines a 10-year production plan up to 76koz pa (averaging 65koz pa for first 7 years), undiscounted pre-tax free cash flow of $1B, NPV8% of $616M and IRR of 180%. Site activity is ramping up with open pit mining commencing in the March 2025 quarter and process plant commissioning in the June 2025 quarter. First gold is targeted for mid-2025.
In addition, Meeka owns the Circle Valley Project in the Albany-Fraser Mobile Belt (also host to the Tropicana gold mine – 3Moz past production). Gold mineralisation has been identified in four separate locations at Circle Valley and presents an exciting growth opportunity for the Company.
Project Portfolio
Murchison
Gold Project
Meeka’s flagship Murchison Gold Project has a combined 281km² landholding in the prolific Murchison Gold Fields and hosts a large high-grade 1.2Moz Mineral Resource.
Circle Valley
Gold Project
Meeka owns the Circle Valley Project (222km²) in the Albany-Fraser Mobile Belt (also host to the Tropicana gold mine – 3Moz past production).
Development underway, first gold production in mid-2025
The Company’s expanded Definitive Feasibility Study (DFS2.0, released in December 2024) outlines the initial 10-year production plan, producing up to 76koz per annum with average production of 65koz per annum for the first 7 years. Developing of Murchison Gold Project is fully funded and underway with open pit and underground mining commencing in early 2025, and first gold production in mid-2025.
Latest ASX Announcements
