New Murchison Gold (ASX: NMG)

It has been reported in the Australian newspaper and on some social media platforms that New Murchison Gold has received an offer from Meeka Metals for all the shares in the company.

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Crown Prince drilling – Courtesy of New Murchison Gold

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New Murchison Gold Knock Back Meeka Offer

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New Murchison Gold (ASX: NMG) It has been reported in the Australian newspaper and on some social media platforms that New Murchison Gold has received an offer from Meeka Metals for all the shares in the company.

This does not surprise me as the deal looks to make sense, and now would be the time to make an offer before NMG gets production started and the shareprice moves uowards,

Whilst not yet confirmed it looks opportunistic and I hope NMG will turn down such an offer if it is receieved.

The Diggers and Dealers Conference starts today in Kalgoorlie, so we may hear more during the show.

Recent Noosa Conference New Murchison Gold Presentation, click HERE

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..

.To View New Murchison Gold’s historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in New Murchison Gold.

.

Meeka Metals (ASX :MEK)

Announced the first gold pour on schedule at the Murchison Gold project in Western Australia.

The gold production ramp-up continues to run smoothly.

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July 2025

Meeka Pours First Gold at the Murchison on Schedule

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Commissioning complete and ramp-up in gold production continues to
progress smoothly at the Murchison Gold Project (“Murchison”).

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Meeka Metals (ASX :MEK) Announced the first gold pour on schedule at the Murchison Gold project in Western Australia.

The gold production ramp-up continues to run smoothly.

• First gold poured on schedule within 12 months of breaking ground at the
Murchison.
• Gold production continues to ramp-up smoothly in line with schedule.
• Ore stocks continue to build in front of the processing plant as open pit
mining ramps up following the arrival of the third dig fleet in June 2025.

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Meeka’s Managing Director Tim Davidson commented;

“It is an impressive achievement by the team to deliver first gold on time and within 12 months of breaking ground at the Murchison.

 

“We are now focussed on ramping up gold production toward our targeted 80koz per annum with the arrival of the third dig fleet and expanded open pit mining plan underway, and first ore from underground at Andy Well in the September 2025 quarter.”

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To read the full news release, please click HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Meeka Metals. 

.

To read our full terms and conditions, please click HERE

Meeka Metals (ASX: MEK)

Published a new corporate presentation “accelerating production, adding ounces“, updated after the recent A$60 million capital raise.

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Meeka Metals drill site – Credits Meeka Metals

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Meeka Metals (ASX: MEK)

Published a new corporate presentation updated after the recent A$60 million capital raise.

To view the presentation please click here

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——-

To read the full news release, please click HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Meeka Metals. 

.

To read our full terms and conditions, please click HERE

.

Mining Review 15th June 2025

City Investors Circle published the review of the past week for watchlist stocks as well as the commodity markets.

Meeka Metals confirmed the commissioning of the processing plant as production commences at their Murchison gold project.

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Meeka Metals drill site – Credits Meeka Metals

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City Investors Circle Mining Review 15th June 2025

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Mining Review 15th June 2025

City Investors Circle published the review of the past week for watchlist stocks as well as the commodity markets.

Meeka Metals confirmed the commissioning of the processing plant as production commences at their Murchison gold project.

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Gold was falling slowly until the Isreali attack on Iran, and it has now bounced over $3,400, and the large producing gold miners have all bounced back up after sliding for a couple of weeks.

Most of the industrial metals fell on less favourable economic news.

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“Rotation” is the new buzzword in the mining sector, as multiple commentators predict people are moving at least some of their profits from larger gold producers into more risky but potentially higher rewarding exploration juniors.

I have considered top slicing some profits, but only to invest into companies coming into production, such as West Red Lake Gold, Meeka Metals, Horizon etc. etc.

I do not yet feel there is a great opportunity in the early stage exploration space, and feel the largest upside remains with producers and soon to be producers.

There are hundreds of exploration companies out there, picking the one that will jump 100% or so after a drill result is like finding a needle in a haystack, so I prefer to stay with the producers for now.

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Meeka Metals (ASX: MEK)

Updated the market and confirmed that ore is being fed into the process plant and commissioning is underway at the Murchison Gold Project.

The first gold pour is due in June 2025.

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Meeka Metals Process Plant Commissioning Underway at the Murchison

Meeka Metals (ASX: MEK) updated the market and confirmed that ore is being fed into the process plant and commissioning is underway at the Murchison Gold Project.

The first gold pour is due in June 2025.

Highlights

Ore is being fed into the processing plant and commissioning is underway at
the Murchison Gold Project (“Murchison”).
• The commissioning team is on site and working with the construction and
processing teams to commission the processing plant.
• Dry commissioning (system and equipment testing) has progressed
successfully and ore is now being fed into the plant.
• Wet commissioning (full operational commissioning) is underway with the
first gold pour from gravity gold planned for June 2025.
• First gold sales and cash flow in early July 2025.

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Commenting on this milestone, Meeka’s MD Tim Davidson said:

“With commissioning of processing in June 2025, we achieve an important milestone for the Murchison as we transition from developer to producer status. 

 

“It rounds out a period of consistent delivery against our development timeline and reflects our focussed actions to bring the project online.

 

“We are now focussed on maximising the expanded open pit mining opportunity following the success we are having with the drill bit.

 

“Additionally, first ore is expected from our first underground mine at Andy Well in the September 2025 quarter.”

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To read the full news release, please click HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Meeka Metals. 

.

To read our full terms and conditions, please click HERE

.

Mining Review 4th May 2025

Meeka Metals announced the production of first gold from their St. Anne’s North open pit, in the Murchison region of Western Australia.

It was a calmer week on the markets but with a falling gold price gold producers took some large hits eroding some of the recent gains.

Meeka Metals drill site – Credits Meeka Metals

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City Investors Circle Mining Review 4th May 2025

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Mining Review 4th May 2025

It was a calmer week on the markets but with a falling gold price gold producers took some large hits eroding some of the recent gains.

US economic news suggested a rate cut may come soon, but the price of gold fell, along with most base metals.

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Meeka Metals announced the production of first gold from their St. Anne’s North open pit, in the Murchison region of Western Australia. The company are preparing for the commissioning of their mill in June.

The main news of the week was the announcement by Calibre Mining that shareholders have approved the takeover by Equinox Gold. I felt the premium offered was still too small and maintained my no vote, but I guess both companies did just enpough to get sufficient no votes to switch.

G Mining Ventures kept up their recent run of good news by announcing a robust Feasibility for the Oko West project in Guyana.

As the week ended Gold Road shares were suspended from trading on the ASX, and the rumour is Gold Fields have increased their original bid for the company. I suspect this offer may be accepted due to the trading halt, as if they were going to reject it they could simply do so without halting the stock.

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News from companies on our watchlists from the last week are listed below, click the link to be taken to the full news release.

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Market Data

Weekly Price Changes

(US$ unless stated).

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Meeka Metals (ASX: MEK)

Announced that the first ore has been mined from the open pits at the Murchison Gold Project.

Open pit mining achieved a major milestone during April with first ore mined from the St Anne’s North open pit.

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Meeka Metals drill site – Credits Meeka Metals

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Meeka Metals Murchison Development Update – April 2025

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Meeka Metals Limited (ASX: MEK) (“Meeka” or the “Company”) announces that the first ore has been mined from the open pits at the Murchison Gold Project.

First ore mined from the open pits at the Murchison Gold Project
(“Murchison”) as processing plant expansion works approach completion.

• Open pit mining achieved a major milestone during April with first ore mined
from the St Anne’s North open pit.
• Stockpiles of ore are now being built up on the ROM in preparation for process
plant commissioning in June 2025.
• Open pit mining also commenced at Turnberry Central during April, the
second of five Stage 1 high-grade oxide open pits to go into production.
• Strong progress continued to be made on the processing plant expansion with
major structural works completed, gold room upgrade well advanced and
electrical, air and water service installation progressed.
• Power station upgrade works commenced in April and will be completed in
the first week of May 2025.

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Commenting on the progress, Meeka’s Managing Director Tim Davidson said:

“We achieved an important milestone during April with the open pits producing first ore, which is being stockpiled in readiness for mill commissioning in June 2025.

 

“Open pit mining also commenced at Turnberry Central. This is the second of five Stage open pits to be mined concurrently to deliver consistent and surplus high-grade oxide ore for processing.”

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To read the full news release, please click HERE

The live Spot gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Meeka Metals. 

.

To read our full terms and conditions, please click HERE

.

Mining Review 6th April 2025

It’s been a horrible week for investors in the markets as Trump’s “Liberation Day” tariffs turned the markets upside down.

The price of gold is down modestly, but some of my gold producers have fallen far more.

..

Courtesy of Meeka Metals

City Investors Circle Mining Review 6th April 2025

It’s been a horrible week for investors in the markets as Trump’s “Liberation Day” tariffs turned the markets upside down.

The price of gold is down modestly, but some of my gold producers have fallen far more.

After a storming month in March it’s painful to have to give back some of the gains just as the producing gold miners had built up a head of steam and looked to be finally responding to the high gold price.

The only consolation is that the price of gold is still 8% above where it was a month ago, despite the recent drop.

Silver lost a whopping 13.21% last week!   This has taken the gold / silver ratio over 100, the first time since 2021 it’s been over 100.

It’s no great shock that the base metals went into meltdown either, copper down n enormous 14% in a week is still a shock though.

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Amongt the compnies we follow on our watchlists, there was generally good news despite it not being reflected in their share prices.

Meeka Metals announced a positve development uodate as well as somme high-grade drill results from ther Murchison property.

Cabral Gold continues to pump out some good drill intercepts, 3m at 15.9 gpt is nice in gram metre terms.

Cornish Metals acquired some land that wil be useful for their minesite support infrestructure. The company is very quiet on shaft refurbishment and dewatering news though.

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All the news from our tier 1 and 2 watchlists companies last week is below, click on the link to be taken to the full story.

 Cabral Gold Drilled 3m @ 15.9 g/t gold at Machichie

  Meeka Metals Murchison Development Update

  Cornish Metals Acquired More Land at South Crofty

  Horizon Metals First Ore Processing Update

  City Investors Circle Market Review March 2025

  Meeka Metals Announced 36m of 2.82 G/T Gold at Turnberry

  Mining Review 30th March 2025

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Market Data

Weekly Price Changes

(US$ unless stated)

.

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

Meeka Metals (ASX: MEK)

Provided an update of the significant progress made during March 2025.

Major milestone achieved at the process plant with installation of the larger 750kW ball mill completed and open pit production accelerating at the Murchison Gold Project.

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Meeka Metals Murchison Development Update – March 2025

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Meeka Metals Limited (ASX: MEK) (“Meeka” or the “Company”) is pleased to provide an update of the significant progress made during March 2025.

Major milestone achieved at the process plant with installation of the larger 750kW ball mill completed and open pit production accelerating at the Murchison Gold Project (“Murchison”).
• Expansion works on the CIL gold processing plant continued to progress at
pace during March, including:
o Installation of the larger 750kW ball mill;
o Installation of the cyclone cluster on the cyclone structure; and
o Installation of the top of tank steel work on the new leach and adsorption
tanks.
• Open pit production accelerated during March, achieving ~20kBCM daily
material movement toward the end of the month. First ore is expected in April
2025.
• Commissioning of the open pit heavy vehicle workshop was completed in
March with all open pit support infrastructure now operational.
• Access to the high-grade Andy Well underground mine was established and
dewatering infrastructure installed. Installation of mine services to continue
during the June 2025 quarter with underground ore development and
diamond drilling commencing mid-2025.

.

Commenting on the progress, Meeka’s Managing Director Tim Davidson said:

“We achieved a major mil in addition to most of the structural work and various other key deliverables for the expanded processing plant now complete or nearing completion.

 

.
“It was also pleasing to see the open pit team accelerate in line with plan during March. By months end the team were achieving a production rate equivalent to ~600kBCM per
month.

 

.
“We also established access to the high-grade Andy Well underground mine during March and the ground and ground support are in good condition.

 

 

“Primary dewatering infrastructure has been installed and underground activities will ramp up over the coming months.”

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To read the full news release, please click HERE

The live Spot gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Meeka Metals. 

.

To read our full terms and conditions, please click HERE

.

Meeka Metals (ASX: MEK)

Reported further high-grade gold assays from Turnberry Central, including multiple 20m+ intersections including 36m @ 2.82g/t Au from 89m including 10m @ 4.67g/t Au and 11m @ 3.85g/t Au (25TBGC058).

.

Meeka Metals drill site – Credits Meeka Metals

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Meeka Metals Announce 36m @ 2.82g/t Au – Thick Zones of High-Grade Gold at Turnberry Central

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Meeka Metals Limited (ASX: MEK) (“Meeka” or the “Company”) is pleased to report further high-grade gold assays from Turnberry Central, including multiple 20m+ intersections:
• 36m @ 2.82g/t Au from 89m including 10m @ 4.67g/t Au and 11m @ 3.85g/t Au
(25TBGC058)
• 24m @ 1.89g/t Au from 46m including 11m @ 2.67g/t Au (25TBGC040)
• 22m @ 1.92g/t Au from 48m including 5m @ 5.88g/t Au (25TBGC037)
• 22m @ 1.86g/t Au from 45m including 5m @ 3.47g/t Au and 5m @ 2.42g/t Au
(25TBGC046)
•
Infill and extensional drilling at Turnberry continues to intersect broad zones
of high-grade gold with multiple 20m+ intersections.
• New 20m+ thick, high-grade gold assays from Turnberry Central include:
o 36m @ 2.82g/t Au from 89m including 10m @ 4.67g/t Au and 11m @
3.85g/t Au (25TBGC058)
o 24m @ 1.89g/t Au from 46m including 11m @ 2.67g/t Au (25TBGC040)
o 22m @ 1.92g/t Au from 48m including 5m @ 5.88g/t Au (25TBGC037)
o 22m @ 1.86g/t Au from 45m including 5m @ 3.47g/t Au and 5m @ 2.42g/t
• RC drilling remains ongoing at the Murchison Gold Project (“Murchison”) in
advance of stage 1 open pit mining which continues to progress as planned.
Commenting on the drilling,

.

Meeka’s Managing Director Tim Davidson said:

“These broad zones of shallow high-grade gold will support high productivity, low-cost open pit mining.

 

Open pit mining continues to ramp up with the mining fleet currently operating at St Anne’s.

 

 

“Activities will expand further in the coming weeks with work commencing at Turnberry, initially at Turnberry South then moving to Turnberry Central where these drill
results are from.”

.

To read the full news release, please click HERE

The live Spot gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Meeka Metals. 

.

To read our full terms and conditions, please click HERE

.

Mining Review 16th March 2025

A busy week with Awale Resources, Cabral Gold, Meeka Metals and Ora Banda Mining all releasing positive drill results.

Gold briefly touched $3,000 before retracing slightly, as the US continues to suck in gold from around the world.

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Orla Mining – Musselwhite Gold Mine

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City Investors Circle Mining Review 16th March 2025

Gold briefly touched $3,000 before retracing slightly, as the US continues to suck in gold from around the world. One theory is this is because US banks have to comply with Basel 3 by mid-year, and are importing gold to cover bullion they leased out years ago.

Most precious and base metals ended the week higher after yet another positive stimulus message from the Chinese governement.

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Mining Review

A busy week with Awale Resources, Cabral Gold, Meeka Metals and Ora Banda Mining all releasing positive drill results.

Awale have recorded some of the highest grades in Africa in the last year and high-grade discoveries continue to be made on very prospective land in the Ivory Coast.

Cabral have been quiet for a while but have now announced some new gold discoveries that boosted the share price. CEO Alan Carter has a large personal investment here bought in the market.

Meeka Metals, on the cusp of initial production in Western Australia announced a new gold discovery.

Ora Banda Mining, also in Western Australia, announced an “outstanding” discovery as they expand production and exploration at their Daveyhurst project.

All of this week’s stories can be read in full by clicking the links below.

 Cabral Gold Trenched 20m @ 3.6 g/t Gold at Machichie

  Awalé Resources Updates on Drilling at High-Grade Gold Target

  Ora Banda Mining’s New Outstanding Gold Discovery

  G Mining Ventures CEO Named Producer of the Year

  G Mining Ventures Commences Construction at Oko West

  Capricorn Delivered Strong Half Year Results

  Orla Mining Completes the Musselwhite Acquisition

  Meeka Metals Discovers a New High-Grade Gold Zone

PDAC 2025 reviews can be read below

  PDAC 2025 Day 4

  PDAC 2025 Day 3

 PDAC 2025 Day 2

  PDAC 2025 Day 1

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.

Market Data

Weekly Price Changes

(US$ unless stated)

.

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

Meeka Metals (ASX: MEK)

Reported assays from a new zone of shallow high-grade gold on the western side of Turnberry South at the Murchison.

Highlights included 21m @ 5.13g/t Au from 51m including 5m @ 15.65g/t gold, 
18m @ 3.61g/t Au from 83m including 4m @ 10.85g/t Au.

.

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.

ASX Announcement
7 March 2025

Meeka Metals Discovers a  New Shallow High-Grade Gold Zone at Turnberry
South

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Meeka Metals Limited (ASX: MEK)  (“Meeka” or the “Company”) is pleased to report assays from a new zone of shallow high-grade gold on the western side of Turnberry South at the Murchison.

Assays from the new gold zone include:

• 21m @ 5.13g/t Au from 51m including 5m @ 15.65g/t Au (25TBGC012)
• 18m @ 3.61g/t Au from 83m including 4m @ 10.85g/t Au (25TBGC011)
• 11m @ 4.04g/t
A new shallow high-grade gold zone has been intersected on the western side
of Turnberry South and is likely to drive an expanded oxide open pit.
• Assays from the new zone of shallow high-grade gold include:
o 21m @ 5.13g/t Au from 51m including 5m @ 15.65g/t Au (25TBGC012)
o 18m @ 3.61g/t Au from 83m including 4m @ 10.85g/t Au (25TBGC011)
o 11m @ 4.04g/t Au from 52m including 1m @ 22.50g/t Au and 2m @ 7.46g/t
Au (25TBGC010)
o 12m @ 1.81g/t Au from 38m including 1m @ 10.80g/t Au (25TBGC019)
o 14m @ 1.43g/t Au from 37m including 1m @ 4.40g/t Au (25TBGC013)
o 6m @ 2.03g/t Au from 52m including 1m @ 5.41g/t Au (25TBGC011)
o 7m @ 1.51g/t Au from 99m including 1m @ 8.34g/t Au (25TBGC007)
• This new zone of gold sits to the west of the current Turnberry South stage 1
oxide pit design.

The shallow high-grade gold is likely to result in an expansion of the Turnberry South stage 1 open pit with commensurate improvement in mining economics.

• RC drilling remains ongoing at the Murchison Gold Project (“Murchison”) with
further drilling along strike and up-dip of these new high-grade results to
ensure inclusion in an updated stage 1 pit design.
• Open pit mining commenced ahead of schedule in February 2025 at St Anne’s
with first ore expected in April 2025.

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Commenting on the drilling, Meeka’s Managing Director Tim Davidson said:

“We had not previously intersected this high-grade gold zone on the western side of Turnberry South due to the orientation of prior drilling.

 

“We are now prioritising drill delineation along strike to incorporate into an expanded grade control model and updated stage 1 open pit design.”

 Open pit mining underway ahead of schedule at St Anne’s North.

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To read the full news release, please click HERE

The live Spot gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Meeka Metals. 

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To read our full terms and conditions, please click HERE

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Market Review February 2025

Has just been published.

Highlighted company is Meeka Metals.

Comments on the gold sector and a good month for the producing gold miners.

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City Investors Circle Market Review February 2025

Market Review February 2025

Has just been published.

Highlighted company is Meeka Metals.

Comments on the gold sector and a good month for the miners.

News from our watchlist companies for the month of February 2025 is contained in the links below, please click to be taken to the full story.

Live metal prices can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Mining Review 2nd February 2025

Calibre Mining celebrated its one millionth ounce of gold produced in Nicaragua.

Gold Road Resources, G Mining Ventures, and Ora Banda Mining all gave a positve outlook and guidance for 2025. Gold hit $2,800 late Friday.

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City Investors Circle Mining Review 2nd February 2025

This was an exciting week to be an investor in gold and precious metals, and companies in production as the gold price hit $2,800 in late trading on Friday in London.

There is a lot of discussion about gold being transferred in huge quantities from the vaults in London to the COMEX in New York, and the reasons for that.

China is known to have resumed buying, and the short term outlook looks to be positive for both gold and silver.

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I opened new small positions in Meeka Metals (ASX: MEK) and Horizon Minerals (ASX: HRZ), and added to Lefroy (ASX: LEX) as my buy in price was way higher, in order to lower my average price.

Meeka is looking to commence mining gold in March 2025 with first gold around mid-2025, at Andy Well, which will average 65,000 Oz gold PA for the first 7 years.

Horizon is due to commence gold production from the Paddington Mill this month, on a toll milling basis, and will generate A$30 million of cashflow at A$3600 gold price. (The current gold price in Australia is A$4,500)

Lefroy is negotiating with BLM to contract mine their first pit to generate early cashflow rather than equity dilution. I await the conformation of the deal and commencement of mining.

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Calibre Mining celebrated its one millionth ounce of gold produced in Nicaragua. This was achieved in 5 years. The company also declared a maiden Mineral Resource Estimate for the Talvera deposit of 630,000 ounces of gold.

Gold Road Resources, G Mining Ventures, and Ora Banda Mining all gave a positve outlook and guidance for 2025. Gold hit $2,800 late Friday.

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News from our watchlist companies this week is below, plase click the links to read the full story.

   Mining Review for January 2025 Published

  Awalé its 2.5 g/t Gold Eq. over 34m at the BBM Zone

  Calibre Pours its One-Millionth Ounce of Gold in Nicaragua

  West Red Lake Gold Mines Has New Targets from Surface Sampling

  Gold Road Announces Strong Outlook and Guidance for Gruyere in 2025

  G Mining Ventures Outlines Outlook for 2025

  Ora Banda Mining December Activities Report

  Mining Review 26th January 2025

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

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Mining Review 19th January 2025

Orla Mining announced results that beat the improved guidance for the year by 19%.

Westgold is set to increase production in Q1. Meeka Metals announced a high-grade gold dicovery at Turnberry, Murchison.

Archives

Meeka Metals (ASX: MEK)

Reported further high-grade assays from ongoing drilling at Turnberry, ahead of mining in the March 2025 quarter.

Highlights included 10m @ 15.71g/t Au from 114m including 1m @ 34.70g/t Au and 1m @ 113.00g/t Au and 10m @ 9.81g/t Au from 130m which ended in mineralisation.

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ASX Announcement
16 January 2025

Meeka Metals Limited (ASX: MEK) (“Meeka” or the “Company”) is pleased to report further high-grade assays from ongoing drilling at Turnberry, ahead of mining in the March 2025 quarter.

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New results from Turnberry include:
• 10m @ 15.71g/t Au from 114m including 1m @ 34.70g/t Au and 1m @ 113.00g/t Au
(24TBGC053)
• 10m @ 9.81g/t Au from 130m including 1m @ 86.50g/t Au (24TBGC038) – hole
ends in mineralisation
• 13m @ 6.76g/t Au from 42m including 1m @ 10.10g/t Au and 1m @ 70.80g/t Au
(24TBGC034)

10m @ 15.71g/t Au – High-Grade Gold Continues at the Murchison
Drilling at Turnberry, part of the Murchison Gold Project (“Murchison”),
continues to intersect thick zones of high-grade gold, including a new gold
zone below the Stage 1 open pit.

RC drilling is ongoing at the Murchison where new results from Turnberry
include:

o 10m @ 15.71g/t Au from 114m including 1m @ 34.70g/t Au and
1m @ 113.00g/t Au (24TBGC053)
o 10m @ 9.81g/t Au from 130m including 1m @ 86.50g/t Au (24TBGC038) –
hole ends in mineralisation
o 13m @ 6.76g/t Au from 42m including 1m @ 10.10g/t Au and 1m @ 70.80g/t
Au (24TBGC034)

• Holes 24TBGC0034, 48, 53 and 64 were extended beyond the open pit shell and
have intersected a new gold zone on the western side of Turnberry South.
• Assays have now been received for 78 of the 145 holes drilled to December 2024

RC drilling will continue through the March 2025 quarter at both Turnberry and
St Anne’s.

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Commenting on the drilling, Meeka’s Managing Director Tim Davidson said:

“It is pleasing to see thick zones of consistent, high-grade gold at Turnberry following the bonanza gold grades, exceeding two ounces per tonne, that we reported at St Anne’s last week.

 

“The results continue to highlight the strong production these open pits will deliver in the coming months as we commence mining.

 

“We are also starting to see a new gold zone, with grades over an ounce per tonne, outside and to the west of the Stage 1 Turnberry South open pit. A total of 4 holes reported in this release intersected this new western zone.

“Further assays are expected in January 2025 from the remaining 67 holes drilled during the December 2024 quarter.

 

“Drilling remains ongoing and results from 2025 drilling are expected in the March 2025 quarter.”

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To read the full news release, please click HERE

The live Spot gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

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,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Meeka Metals. 

.

To read our full terms and conditions, please click HERE

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Meeka Metals (ASX: MEK)

City Investors Circle are initiating coverage of Meeka Metals, as soon to be in production gold producer located near Meekathara in Western australia.

Meeka are restarting a former producing gold mine, and exploring the region to add more ounces to increase the current 10 year life of mine.

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Meeka Metals – Initiating coverage

Meeka Metals (ASX: MEK) have all the ingredients I personally look for in a company I am consodering investing in.

• Tier 1 Jurisdiction  ✔
• Experienced management  ✔
• Zero Hedging  ✔
• Zero Debt  ✔
• Funded to Production  ✔
• Imminent production (mid 2025)  ✔
• Management ownership >5% ✔
• Large institutional ownership (40%)  ✔
• Fully Permitted ✔
• Infrastructure in place  ✔

Meeka is never going to be a huge gold producer, but at the current gold price the economics and cashflow look good, and there is plenty of exploration potential in a prolific gold belt.

Neighbours include Catalyst’s Plutonic Mine and and Westgold’s Meekathara.

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Meeka Metals Limited (ASX:MEK) is an Australian listed company that explores and develops gold deposits in Western Australia. 

It has an experienced management team that have a history of creating shareholder value in Western Australia, and elsewhere.

The company’s main project is the Murchison Gold Project, at Meekathara, Western Australia.

Meeka is currently expanding the plant to increase throughput before commencing mining. The expansion is low capex and easy engineering.

The company are planning to restart two open pits and an underground operation to produce on average around 65,000 ounces of gold PA at an AISC of around A$1,950 (current gold price is A$4,388).

Open pit mining is scheduled to commence on the 1st March 2025.

A recent company presentation can be found HERE

The live Spot gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Meeka Metals. 

.

To read our full terms and conditions, please click HERE

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