InvestSMART

Meeka Metals Limited (ASX:MEK)

ALERT: Price-sensitive ASX Announcement for MEK
Current share price for MEK : $0.094 -0.046 (-32.86%)+
Announcement
Release
29 Apr 2026 8:11AM
Price at Release
$0.140
Full Release
download
Summary
Meeka Metals Limited has reported on its March 2026 quarterly activities highlighting the ongoing transition to higher-grade underground ore at its Murchison Gold Project. Production was impacted by weather-related delays, reducing gold output to 6,083 ounces as reliance on lower grade stockpiles increased. Processing throughput improved to 123kt, but wet conditions affected open-pit mining. The company maintained a robust financial position with a mine operating cash flow of $25.8 million and no debt, ending the quarter with $50.1 million in cash. Infrastructure development and preparations for a new underground mine at Turnberry continued, alongside a focus on sustainability with no significant environmental incidents during the quarter.
Key Points
  • Transition to higher-grade underground ore sources at Murchison Gold Project is ongoing.
  • Gold production decreased to 6,083 ounces due to reliance on lower grade stockpiles.
  • Processing throughput improved by 37% to 123kt.
  • Mine operating cash flow was $25.8 million with net cash flow of $10.0 million.
  • The company had $50.1 million in cash at the end of March 2026.
  • No significant environmental incidents reported during the quarter.
  • Development of new mines and expanded infrastructure are underway.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.