Meeka Metals Reports High-Grade Gold Success and Underground Growth
Meeka Metals Limited (ASX: MEK) has reported encouraging exploration and operational progress at its Murchison Gold Project, reinforcing confidence in the project's long-term growth potential. Diamond drilling approximately 200 metres below the Turnberry underground Ore Reserve intersected broad, high-grade gold zones, including an outstanding 52.3 metres at 3.0g/t Au, highlighting the potential for a significant expansion of the existing 690koz gold resource. Geological observations, including strong shearing and the presence of pyrite and chalcopyrite, indicate the drilling has intersected an intermediate-level orogenic gold system with promising depth potential. The company has commenced additional drilling to evaluate mineralisation beyond the current resource boundaries, targeting extensions both along the strike and at greater depths.
During the June 2026 quarter, Meeka produced 6,424 ounces of gold while underground mining continued to ramp up at Andy Well, where stoping commenced and development reached steady-state levels. The company also advanced preparations for a second underground mine at Turnberry and continued processing plant upgrades, including ore sorter installation. Although open pit mining productivity remained below expectations, Meeka plans to conclude open pit operations and increasingly rely on higher-grade underground ore, which is expected to improve production, margins and cash generation. The company ended the quarter with AU$38 million in cash, no corporate debt and full exposure to rising gold prices.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Meeka Metals Reports High-Grade Gold Success and Underground Growth
Meeka Metals Limited (ASX: MEK) has reported encouraging exploration and operational progress at its Murchison Gold Project, reinforcing confidence in the project's long-term growth potential. Diamond drilling approximately 200 metres below the Turnberry underground Ore Reserve intersected broad, high-grade gold zones, including an outstanding 52.3 metres at 3.0g/t Au, highlighting the potential for a significant expansion of the existing 690koz gold resource. Geological observations, including strong shearing and the presence of pyrite and chalcopyrite, indicate the drilling has intersected an intermediate-level orogenic gold system with promising depth potential. The company has commenced additional drilling to evaluate mineralisation beyond the current resource boundaries, targeting extensions both along the strike and at greater depths.
During the June 2026 quarter, Meeka produced 6,424 ounces of gold while underground mining continued to ramp up at Andy Well, where stoping commenced and development reached steady-state levels. The company also advanced preparations for a second underground mine at Turnberry and continued processing plant upgrades, including ore sorter installation. Although open pit mining productivity remained below expectations, Meeka plans to conclude open pit operations and increasingly rely on higher-grade underground ore, which is expected to improve production, margins and cash generation. The company ended the quarter with AU$38 million in cash, no corporate debt and full exposure to rising gold prices.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au