Meeka Metals (ASX: $MEK) announces expansion of processing capacity

Meeka Metals Limited (ASX: $MEK) has announced the purchase of a 750kW ball mill and associated equipment for the Murchison Gold Project, leading to a 30% increase in processing capacity to 640ktpa. This purchase is expected to substantially improve the already strong production and economic outcomes outlined in the May 2024 DFS. The purchase reduces lead time by 33 weeks and capital cost for the ball mill by 75%.

Executive Commentary on Processing Capacity Expansion

As with the high-quality camp and ancillary infrastructure we purchased at a fraction of replacement value, this ball mill purchase also materially reduces development cost and lead time. In line with our installation schedule, planning is in place to relocate the mill to our Murchison Gold Project in September 2024. Additional to the cost advantage, securing this ball mill presents a material opportunity to expand the production plan beyond that presented in the DFS, increasing open pit and underground mining, and accelerating processing of the large ore stockpile inventory build-up.

Summary of Meeka Metals' Processing Capacity Expansion

Meeka Metals Limited (ASX: $MEK) has successfully expanded its processing capacity by 30% through the purchase of a 750kW ball mill and associated equipment for the Murchison Gold Project. This strategic move is expected to optimize production and cash flows, with the increased processing capacity allowing for the processing of a significant ore stockpile and the re-optimization of the production plan. The company is targeting a DFS update in the December 2024 quarter to account for the increased processing capacity, demonstrating its commitment to maximizing operational efficiency and output.