Meeka Discovers High-Grade Gold on the Fairway

Meeka Metals (ASX: MEK)

First pass exploration drilling delivers immediate results hitting high-grade gold at Rosapenna within the Fairway shear zone (between the Turnberry and St Anne’s mines) at the Murchison Gold Project.

 

 

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Meeka Metals

 

 

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Meeka Metals ASX: MEK
Stage Development, exploration
Metals Gold
Market cap A$703m   @  A$0.24
Location Near Kalgoorlie, Western Australia
Website www.meekametals.com.au

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Meeka hits 23m @ 1.05g/t Au – Exploration Drilling Hits High-Grade Gold on the
Fairway

 

 

 

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Meeka Metals (ASX: MEK) First pass exploration drilling delivers immediate results hitting high-grade gold at Rosapenna within the Fairway shear zone (between the Turnberry and St Anne’s mines) at the Murchison Gold Project (“Murchison”).

• Rosapenna Target: broad zones of high-grade gold intersected in exploration drilling at
this new target ~500m south of Turnberry within the Fairway shear zone. Results include:
o 23m @ 1.05g/t Au from 76m including 4m @ 4.67g/t Au (25TBRC112)
o 10m @ 1.95g/t Au from 71m including 1m @ 8.60g/t Au (25TBRC114) and
10m @ 0.58g/t Au from 119m (25TBRC114) and
4m @ 1.11g/t Au from 156m (25TBRC114)
o 3m @ 3.00g/t Au from 147m including 1m @ 5.02g/t Au (25TBRC133)
o 5m @ 1.58g/t Au from 92m including 1m @ 4.78g/t Au (25TBRC110)
o 6m @ 0.96g/t Au from 86m (25TBRC109)
o 5m @ 1.00g/t Au from 124m including 1m @ 2.92g/t Au (25TBRC113) (hole ends in
mineralisation)
o 3m @ 1.42g/t Au from 110m (25TBRC131)
• The current footprint of mineralisation at Rosapenna, 240m by 170m, is only limited by
drilling and remains open to the south, east and west. Pads are now being prepared for
additional drilling to the south of these results.
• These results from Rosapenna highlight the potential for new discovery within the Fairway shear zone. Fairway is a ~25km contact zone with a major regional structure that has had no drilling or ineffective, broad spaced reconnaissance RAB drilling from 1990’s and 2000’s.
• Fairway drilling remains ongoing, currently targeting the ~3km section between Turnberry and St Anne’s, including the southern extension of Rosapenna.
• Turnberry South: additionally, new high-grade results from Turnberry South include:
o 17m @ 2.94g/t Au from 77m including 2m @ 19.29g/t Au (25TBRC121)
o 3m @ 10.96g/t Au from 53m (25TBRC087)
o 15m @ 2.05g/t Au from 138m including 4m @ 4.38g/t Au (25TBRC120)
o 11m @ 0.80g/t Au from 91m including 4m @ 1.58g/t Au (25TBRC107)

 

 

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Meeka’s Managing Director Tim Davidson commented:

“The gold at Rosapenna highlights the broader growth opportunity available to us within a highly fertile but until now underexplored ~25km belt of Archean greenstones.

 

“We are now systematically drilling out this belt and these results support our thesis that there is a lot more gold to be found.”

 

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To read the full news release, please click HERE

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To view the latest Meeka share price and chart, please click HERE

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City Investors Circle is based in the financial district in the City of London

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



Meeka Metals New Corporate Presentation

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

Meeka Metals drill site – Credits Meeka Metals

 

 

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Meeka Metals ASX: MEK
Stage Development, exploration
Metals Gold
Market cap A$440m   @  A$0.17.5
Location Near Kalgoorlie, Western Australia
Website https://meekametals.com.au

 

 

 

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

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City Investors Circle is based in the financial district in the City of London

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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Meeka Metals Plant Commissioning Underway

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

 

 

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Meeka Metals ASX: MEK
Stage Development, exploration
Metals Gold
Market cap A$440m   @  A$0.17.5
Location Near Kalgoorlie, Western Australia
Website https://meekametals.com.au

 

 

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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

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City Investors Circle is based in the financial district in the City of London

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 – Initiating Coverage

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

 

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Meeka Metals ASX: MEK
Stage Development, exploration
Metals Gold
Market cap A$248m   @  A$0.97
Location Near Kalgoorlie, Western Australia
Website https://meekametals.com.au

 

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Meeka Metals Stock Profile
Shares Ourstanding 2,375 billion
Options 138 million
Fully diluted  2,613 billion
Cash A$ 55 million
Debt NIL

 

 

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

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    City Investors Circle is based in the financial district in the City of London

    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

    .