Meeka Metals (ASX: $MEK) March 2024 Quarterly Activities Report

Meeka Metals Limited (ASX: $MEK) has released its March 2024 Quarterly Activities Report, outlining significant progress in the Murchison Gold Project. The report highlights advancements in the Definitive Feasibility Study (DFS), mineral resource updates, and debt funding arrangements. The company ended the quarter with $3.8 million in cash and no debt.

Executive Commentary on March 2024 Quarter

Work during the March 2024 quarter continued to target development ready status by mid-2024 for our Murchison Gold Project. Recent shallow infill drilling results from the planned oxide open pits were integrated into Mineral Resource updates, of which St Anne's was released in April 2024 and Turnberry due to be released in the June 2024 quarter. Positive engagement with regulators continued, and we expect to receive development approval in the June 2024 quarter. Funding arrangements are also advancing with the Company seeking to accelerate development and take advantage of the strong gold price. Further updates regarding funding and development will be provided in the June 2024 quarter.

Summary of March 2024 Quarterly Activities

Meeka Metals (ASX: $MEK) made significant progress in the March 2024 quarter, particularly in the Murchison Gold Project. The Definitive Feasibility Study (DFS) focused on restarting the Andy Well mill, with site visits and confirmation of schedules for mill restart works, camp construction, and infrastructure. The company also released a Mineral Resource update for St Anne's and reported shallow oxide gold assays. Meeka Metals ended the quarter with $3.8 million in cash and no debt. Looking ahead, the company anticipates further updates on funding, development, and mineral resource releases in the June 2024 quarter, aiming to achieve development ready status by mid-2024 and take advantage of the strong gold price.