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ASX:MEK

6 stories mentioning ASX:MEKUpdated 21d ago

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Asia

Meeka Metals Identifies High-Grade Gold Mineralization at Western Australia Project; Shares Hit 1.5-Year Low

Meeka Metals (ASX:MEK) identified high-grade gold mineralization during recent drilling at the Turnberry Ore Reserve of its Murchison Gold Project in Western Australia, according to a Wednesday Australian bourse filing.The results were up to 52.3 meters at 3 grams per tonne gold (g/t) from 474.1 meters, including 30.6 meters at 3.4 g/t gold and 10.5 meters at 3.7 g/t gold.The results highlight the potential for significant extension and growth to the current Turnberry mineral resource of 690,000 ounces at 2 g/t gold, the filing added.The company's shares fell nearly 8% in recent Wednesday trade and earlier hit their lowest since December 2024.

ASX:MEK
Asia

Meeka Metals Says Productivity Issues Continued to Constrain Open-Pit Mining in June Quarter; Shares Hit 1.5-Year Low

Meeka Metals (ASX:MEK) said its gold sales and revenue declined sequentially in the June quarter as issues related to productivity continued to hamper open-pit mining performance and delay access to high-grade ore, according to a Wednesday filing with the Australian bourse.The company's gold sales hit 6,242 ounces in the June quarter, down from 8,460 ounces in the previous three-month period, while sales revenue declined to AU$38.8 million from AU$56.9 million, per the filing.Gold production of 6,424 ounces in the June quarter increased from 6,083 ounces in the March quarter but was well below the 9,174 ounces recorded in the December 2025 quarter.The company said higher grade underground stope ore started entering the processing blend late in the June quarter, with underground ore expected to account for roughly 40% of the blend at the Murchison gold project in Western Australia in the September quarter."Open pit mining was impacted by materially lower contractor mining productivities than planned, a problem which first presented in the March quarter and which has not improved," Meeka Metals said, adding that it will conclude open-pit mining this month.The company's shares fell nearly 9% in recent Wednesday trade and earlier hit their lowest since December 2024.

ASX:MEK
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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