278168

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# 278168

Source: https://investorpa.com/announcement-pdf/20260408/278168.pdf
Published: 2026-04-08T00:00:00+00:00
Fetched: 2026-05-12T15:38:32.692+00:00
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## Content

# 278168
ASX Announcement
8 April 2026
March 2026 Quarter Update
Meeka Metals Limited (“Meeka” or the “Company”) provides the following preliminary update on
For personal use only
the March 2026 quarter at the Murchison Gold Project (“Murchison”).
Operations
• Gold production of 6,083oz in the March 2026 quarter (Dec-25 quarter: 9,174oz).
• Production was impacted by significant rainfall which slowed open pit mining activities and
delayed access to high-grade ore in the Turnberry Central and South pits, resulting in an
increased reliance on processing lower grade stockpiles.
• Processing throughput improved significantly to 123kt, a 37% increase on the December
quarter (Dec-25 quarter: 89kt). This was a pleasing result as processing was impacted by the
high moisture content of the oxide ore processed.
• Processing throughput in the June 2026 quarter is expected to be consistent with the March
2026 quarter as oxide ore continues to provide the majority of the process plant blend.
• Processing throughput is expected to increase in the September 2026 quarter as fresh ore from
underground sources increasingly makes a higher proportion of the process plant blend.
Cash
• Cash increased to $50.1M at 31 March ($37.3M at 31 December 2025).
Fuel Supply
• The Company sources diesel under a long-term supply agreement with the largest transport
fuel distributor and retailer in Australia. As such, regular diesel deliveries are ongoing and the
diesel supplier and key energy reliant service providers (aviation, explosives, freight) remain
confident that there is sufficient fuel and other inputs to continue providing the contracted
services.
Commenting on production, Meeka’s Managing Director Tim Davidson said: “While it was a
frustrating quarter from a production perspective, we saw significant improvement in process
plant throughput, a 37% quarter-on-quarter increase in tonnes processed. This was achieved
despite the moisture content of the oxide ore processed often being above 15%, which impacted
the processing team’s ability to further lift the plant throughput. We expect to see continued
improvement in plant throughput as the mill feed transitions to increasingly fresh ore from
underground over the coming quarters. We will also see the benefit of the higher-grade ore from
the Turnberry Central and South pits feeding the plant in the June 2026 quarter due to the
weather-related access delays in the March 2026 quarter.”
Table 1: Production Summary.
Sept Q Dec Q Mar Q FY26
Operations Unit
2025 2025 2026 YTD
Mill Production
Ore Milled t 83,648 89,341 122,682 295,671
Mill Grade g/t 2.7 3.3 1.6 2.4
Recovery % 98% 97% 94% 97%
Recovered Gold oz 7,148 9,174 6,083 22,405
DISCOVER | GROW | DEVELOP
ASX:MEK
This announcement has been authorised for release by the Company’s Board of Directors.
For further information, please contact:
Tim Davidson – Managing Director
For personal use only
+61 8 6388 2700
info@meekametals.com.au
www.meekametals.com.au
ABOUT MEEKA
Meeka Metals Limited (ASX:MEK) owns and operates the Murchison Gold Project, situated 50km
north of Meekatharra in Western Australia's Murchison Gold Fields.
The project hosts a high-grade 1.2Moz at 3g/t Au Mineral Resource with both open-pit and
underground mining operations feeding a central processing plant. Gold production
commenced in July 2025, with operations rapidly ramping up.
The project's Definitive Feasibility Study (released December 2024) defines a 10-year production
plan and strong economics, including peak annual production of 76,000oz, average annual
production of 65,000oz over the first seven years, undiscounted pre-tax free cash flow of $1 billion,
an NPV8% of $616 million, and an impressive 180% IRR (at A$4,100/oz gold price).
FORWARD LOOKING STATEMENTS
Certain statements in this report relate to the future, including forward looking statements
relating to the Company’s financial position, strategy and expected operating results. These
forward-looking statements involve known and unknown risks, uncertainties, assumptions and
other important factors that could cause the actual results, performance or achievements of the
Company to be materially different from future results, performance or achievements expressed
or implied by such statements. Actual events or results may differ materially from the events or
results expressed or implied in any forward-looking statement and deviations are both normal and
to be expected. Other than required by law, neither the Company, their officers nor any other
person gives any representation, assurance or guarantee that the occurrence of the events
expressed or implied in any forward-looking statements will actually occur. You are cautioned not
to place undue reliance on those statements.
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