Gold production initiated at Murchison Project by Meeka Metals
**Meeka Metals Achieves First Gold Pour at Murchison Gold Project**
Meeka Metals (ASX:MEK) has successfully poured its first gold at the Murchison Gold Project in Western Australia, marking a significant milestone in the company's rapid development timeline. The first gold pour occurred on July 1, 2025, exactly 12 months after construction began in July 2024.
The Murchison Gold Project, located in a highly prospective area adjacent to major gold deposits within the Murchison Gold Fields, hosts a large, high-grade resource of 1.2 million ounces at approximately 3 grams per tonne (g/t) gold on granted mining leases.
The company's focus now shifts towards ramping up production towards its targeted 80 kilo ounces per annum. Open pit mining commenced in the March 2025 quarter and has ramped up with the addition of a third dig fleet in June 2025. Underground mining at the Andy Well deposit is scheduled to begin in the September 2025 quarter, expected to contribute higher-grade ore and enhance production profiles.
The Definitive Feasibility Study (DFS) completed in December 2024 outlines a 10-year mine life for the project. Peak annual production of 76,000 ounces per year, with an average of 65,000 ounces per year over the first seven years, is targeted. Economic highlights include an undiscounted pre-tax free cash flow of $1 billion, a net present value (NPV) at 8% of $616 million, and an internal rate of return (IRR) of 180%.
The DFS also supports restarting the fully permitted Andy Well processing mill, which has been commissioned successfully as part of the project start-up. Process plant commissioning is expected to follow in the next quarter.
Managing Director Tim Davidson commented on the achievement, stating, "It is an impressive achievement by the team to deliver first gold on time and within 12 months of breaking ground at the Murchison."
Meeka Metals is also continuing drilling programs targeting extensions of the Turnberry and St Anne’s deposits within the Fairway shear zone, aiming to expand near-mine mineral resources and identify additional high-grade targets.
This successful first gold pour and adherence to the aggressive development schedule have bolstered investor confidence and positioned Meeka Metals as a highly disciplined operator in the junior mining sector.
In light of Meeka Metals' success at the Murchison Gold Project, some investors might consider gold investing as an attractive opportunity, especially with the company's focus on increasing production. Moreover, after a hard day of gold mining, one could potentially watch a sports match to relax, given the possible sports events available for viewing in Western Australia during leisure time.
