Meeka Metals: Accelerating Growth at the Murchison Gold Project

Meeka Metals Limited (ASX: MEK) is fast-tracking gold production at its 100%-owned Murchison Gold Project in Western Australia. With a 10-year plan targeting average annual output of 65koz, peaking at 76koz, the company is on track for first gold by June 2025. Meeka forecasts AU$1 billion in pre-tax free cash flow, underpinned by an IRR of 180% at AU$4,100/oz and a robust NPV8% of AU$616 million. The project boasts 1.2Moz in resources and 400koz in reserves, supported by upgraded infrastructure including a 600ktpa processing plant, accommodation village, and airstrip. Meeka maintains a strong financial position with AU$71 million cash and no debt. Near-term growth will come from high-grade open pits and a rapid underground restart at Andy Well, 12 months ahead of schedule. Aggressive drilling is ongoing to expand resources, supported by an AU$60 million institutional placement

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