Meeka Metals Rain Affected March 2026 Quarter Update
Meeka Metals (ASX: MEK)
Provided a preliminary update on the March 2026 quarter at the Murchison Gold Project.
Gold production of 6,083oz in the March 2026 quarter (Dec-25 quarter: 9,174oz), production was impacted by significant rainfall which slowed open pit mining activities.
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| Meeka Metals | ASX: MEK | |
| Stage | Development, exploration | |
| Metals | Gold | |
| Market cap | A$545m @ A$0.18.5 | |
| Location | Near Kalgoorlie, Western Australia | |
| Website | www.meekametals.com.au |
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Meeka Metals Rain Affected March 2026 Quarter Update
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Meeka Metals Limited (ASX: MEK) (“Meeka” or the “Company”) provides the following preliminary update on the March 2026 quarter at the Murchison Gold Project (“Murchison”).
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Operations
• Gold production of 6,083oz in the March 2026 quarter (Dec-25 quarter: 9,174oz).
• Production was impacted by significant rainfall which slowed open pit mining activities and delayed access to high-grade ore in the Turnberry Central and South pits, resulting in an increased reliance on processing lower grade stockpiles.
• Processing throughput improved significantly to 123kt, a 37% increase on the December quarter (Dec-25 quarter: 89kt). This was a pleasing result as processing was impacted by the high moisture content of the oxide ore processed.
• Processing throughput in the June 2026 quarter is expected to be consistent with the March 2026 quarter as oxide ore continues to provide the majority of the process plant blend.
• Processing throughput is expected to increase in the September 2026 quarter as fresh ore from underground sources increasingly makes a higher proportion of the process plant blend.
Cash
• Cash increased to $50.1M at 31 March ($37.3M at 31 December 2025).
Fuel Supply
• The Company sources diesel under a long-term supply agreement with the largest transport fuel distributor and retailer in Australia.
As such, regular diesel deliveries are ongoing and the diesel supplier and key energy reliant service providers (aviation, explosives, freight) remain confident that there is sufficient fuel and other inputs to continue providing the contracted services.
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Commenting on production, Meeka’s Managing Director Tim Davidson said:
“While it was a frustrating quarter from a production perspective, we saw significant improvement in process plant throughput, a 37% quarter-on-quarter increase in tonnes processed.
“This was achieved despite the moisture content of the oxide ore processed often being above 15%, which impacted the processing team’s ability to further lift the plant throughput.
“We expect to see continued improvement in plant throughput as the mill feed transitions to increasingly fresh ore from underground over the coming quarters.
“We will also see the benefit of the higher-grade ore from the Turnberry Central and South pits feeding the plant in the June 2026 quarter due to the weather-related access delays in the March 2026 quarter.”
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To read the full news release, please click HERE
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Disclosure
At the time of writing the author holds shares in Meeka Metals.
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