Meeka Metals targets gold production

Meeka Metals (ASX:MEK) is progressing its Murchison Gold Project in Western Australia. The company aims to become an unhedged, zero-debt gold producer. Development is currently underway, with first gold production expected by mid-2025. The project's mineral resource stands at 1.2 million ounces at 3.0g/t gold, with an ore reserve of 305,000 ounces at 3.8g/t gold.

Outlook and strategic goals

Meeka Metals (ASX:MEK) is actively developing its Murchison Gold Project, with an eye on becoming a significant gold producer by mid-2025. The company has successfully funded its operations and aims to expand processing capacity by 30% following the May 2024 DFS. The updated DFS in December 2024 is expected to improve production outcomes. Meeka is also focused on minimizing risks and challenges inherent in the mining sector while maximizing its strategic development plans.

Executive insights on project progress

The expansion and restart of the processing plant are on schedule to be completed by October 2024. We are fully funded with a cash position of AUD 63 million, including a recent AUD 35 million equity raising.