Meeka Metals starts gold production at Murchison project in Australia on schedule

From Yahoo Finance: 2025-07-02 06:56:00

Meeka Metals successfully poured first gold at its Murchison project in Western Australia, meeting the 12-month deadline. Open pit mining is ongoing, with underground mining starting in September 2025. The project is on schedule, with a third dig fleet boosting ore stocks and gold production.

The Murchison project received final approval in September 2024, focusing on three deposits: Andy Well, Turnberry, and St. Anne’s. Meeka Metals flagship venture holds a high-grade mineral resource of 1.2 million ounces at 3g/t Au across mining leases.

A definitive feasibility study released in December 2024 outlines a ten-year production plan for the project, aiming to produce up to 76,000 ounces per annum. Meeka Metals secured commitments to raise A$60m to accelerate project development, completing a placement at A$0.15 per share.

Meeka Metals’ Murchison project in Australia has begun gold production, with plans to ramp up to 80koz per annum. The project holds significant potential with high-grade mineral resources and firm commitments for funding to support further development.

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