Meeka Metals (ASX:MEK) has unveiled an updated feasibility study, FS2.0, for the Murchison Gold Project. The study indicates a 31% rise in ore reserves and a 40% increase in gold production over a decade. The project is projected to generate $1B in pre-tax free cash flow, with first production expected by mid-2025.
Meeka Metals has presented a promising outlook for the Murchison Gold Project with the FS2.0 feasibility study. The project is set to enhance production and financial outcomes with a 31% increase in ore reserves and a 40% boost in gold output over ten years. The recommissioning of the CIL plant aims to produce 544,000 ounces of gold by mid-2025. With a strong focus on sustainable practices and community engagement, Meeka Metals is poised to leverage favorable gold prices and deliver significant value. The company foresees ongoing exploration and development to extend the project's life and production capacity.
The updated feasibility study, FS2.0, underscores the robust financial prospects and growth potential of the Murchison Gold Project. We are committed to delivering substantial value to our shareholders and the local community.