Meeka Metals (ASX:MEK) announces strong Turnberry underground metallurgy results

Meeka Metals Limited (ASX:MEK) has reported strong metallurgical test results for Turnberry underground, part of the 100% owned Murchison Gold Project. The results confirm high gold recoveries and rapid leach kinetics, supporting the development of a second underground mine at Murchison. The company's Managing Director, Tim Davidson, expressed confidence in the expanded processing capacity and the potential for increased production from underground sources.

Executive Commentary on Metallurgical Results and Upcoming Drilling

Having expanded processing capacity, increasing throughput by 30%, we are now confirming new high margin underground production sources to fill that capacity. High gold recoveries, rapid leach kinetics and low reagent consumption support the inclusion of underground mining at Turnberry in the updated DFS due in December 2024. We are targeting two underground mines coming into production in the medium term, Turnberry and Andy Well, supplying average ~4-5g/t Au ore to the expanded ~650ktpa processing plant. This will deliver material production growth above that presented in the DFS and any increase in underground resources from the upcoming growth drilling will enhance this opportunity.

Summary of Turnberry Underground Metallurgy Results and Future Plans

Meeka Metals Limited (ASX:MEK) has confirmed strong metallurgical test results for Turnberry underground, supporting the development of a second underground mine at Murchison. The results indicate high gold recoveries, rapid leach kinetics, and low reagent consumption, paving the way for inclusion in the December 2024 Murchison Definitive Feasibility Study (DFS) update. The company aims to target two underground mines, Turnberry and Andy Well, for production in the medium term, delivering material production growth above the presented DFS. Meeka Metals plans to commence a significant RC drilling program to extend Mineral Resources at Turnberry, with the potential to materially impact production and cash flow at the Murchison. Looking forward through FY26, the company has outlined major activities including ongoing construction, relocation of equipment, drilling of depth extensions, and commissioning of the camp and administration infrastructure. Meeka Metals remains focused on its Murchison Gold Project and the Circle Valley Project, aiming to capitalize on the identified gold mineralization and present growth opportunities for the company.