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Meeka Metals Limited (ASX:MEK)

ALERT: Price-sensitive ASX Announcement for MEK
Current share price for MEK : $0.105 -0.01 (-8.70%)+
Announcement
Release
25 May 2026 8:16AM
Price at Release
$0.115
Full Release
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Summary
Meeka Metals Limited has announced the commencement of ore development at Judy North, part of the Andy Well underground mine in Australia. The Judy North orebody, with an initial resource of 96k ounces at a grade of 5.4 g/t gold, has been accessed through existing decline and development work started in May 2026. The ore development is progressing on two levels, with plans to initiate work on three additional levels by the end of June 2026. This development is part of a broader strategy to establish multiple ore levels across the Wilber, Judy, and Suzie mining areas, leveraging Meeka's owner-operator model to achieve cost efficiency. The company expects the quality of the ore to improve with depth, based on drilling results, and is on track to start stoping in the Wilber area within the current quarter.
Key Points
  • First ore development at Judy North commenced in May 2026.
  • Initial resource of Judy North is 96koz @ 5.4g/t Au.
  • Ore development underway on two levels with three more levels planned.
  • Development follows a strategy to establish multiple ore levels across mining areas.
  • Meeka Metals operates under an owner-operator model for cost efficiency.
  • The company anticipates improved grade with depth based on drilling results.
  • Stoping to commence in Wilber area in the current quarter.
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.