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ASX:MEK

4 stories mentioning ASX:MEKUpdated 24d ago

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Asia

Meeka Metals Starts Ore Development at Western Australia Underground Mine; Shares Jump 15%

Meeka Metals (ASX:MEK) said ore development started at its previously unmined Judy North orebody in Western Australia, according to a Monday filing with the Australian bourse.Judy North is an initial 96,000 ounces at 5.4 grams per tonne grade of gold resource at the Andy Well underground mine, which was accessed from an existing decline with ore development currently ramping up, per the filing.Ore development at the site is underway on two levels, and a further three levels are expected to start in the June quarter, the company said.Meeka Metals shares gained 15% in recent Monday trade.

ASX:MEK
Asia

Meeka Metals' Exploration Drilling at Western Australia Gold Project Continues to Hit Gold

Meeka Metals' (ASX:MEK) first pass exploration drilling continued to hit gold at Rosapenna within the Fairway shear zone at the Murchison gold project in Western Australia, highlighting the potential for a new discovery, according to a Wednesday Australian bourse filing.It encountered intercepts of 13 meters at 1.02 grams per tonne grade of gold from 58 meters, as well as one meter at 99.14 g/t grade of gold from 73 meters.

ASX:MEK
Asia

Meeka Metals Posts Lower Gold Production in March Quarter

Meeka Metals (ASX:MEK) produced 6,083 ounces of gold in the quarter ended March 31 at an all-in sustaining cost (AISC) of AU$4,146 per ounce, compared with 9,174 ounces and an AISC of AU$2,365 per ounce in the previous quarter, according to a Wednesday filing with the Australian bourse.Year-to-date gold production was 22,405 ounces at an AISC of AU$2,771 per ounce.Gold sales in the March quarter rose to 8,460 ounces at an average price of AU$6,732 per ounce, compared with 7,953 ounces sold in the previous quarter at an average price of AU$6,275 per ounce.The company held AU$50.1 million in cash as of March 31 and had no debt.

ASX:MEK
Asia

Meeka Metals To Acquire Western Australia Gold Mining Tenements

Meeka Metals (ASX:MEK) entered into a binding agreement with MH Gold and Montague Resources Australia to acquire mining information and various gold mining tenements surrounding Mt Holland in Western Australia with a combined area of 71 square kilometers, according to a Friday Australian bourse filing.The consideration for the acquisition includes AU$10 million on completion, a deferred consideration of AU$10 million on the three-month anniversary following completion, and 117.8 million fully paid ordinary shares in Meeka, representing 3.8% of the firm's post-issue capital.The verification of historical drilling at the tenements is underway to facilitate the conversion of non-2012 JORC Mineral Resources to the 2012 JORC standard.The agreement excludes the right to explore for and mine lithium, which is subject to a lithium rights agreement.

ASX:MEK

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