Meeka moves to PFS at Murchison
PERTH (miningweekly.com) – ASX-listed Meeka Gold will undertake a prefeasibility study on its Murchison gold project, in Western Australia, after a scoping study confirmed the project’s economics.
The scoping study estimated that the project could produce 443 000 oz of gold over an eight-year mine life, with the processing operations running for nine years to fully deplete stockpiles.
Gold production is expected to average 50 000 oz/y, Meeka said on Wednesday.
The ASX-listed company told shareholders that the Murchison project would require a capital investment of A$52-million, and would have a pay-back period of 23 months.
“Delivery of this study is the first step towards putting the Murchison gold project back into production. We are extremely pleased with the strong project fundamentals demonstrated by this work and it gives us confidence to progress through to the next phase with commencement of the prefeasibility level study with immediate effect,” said Meeka Gold CEO Tim Davidson.
“The study demonstrates the project is capable of delivering significant value for shareholders, far in excess of the cost to acquire the project and the estimated capital required to restart production. We also have a clear plan in place to systematically drill-test possible extensions to the large 1.1-million-ounce resource, which has the potential to further enhance the value of the project.”
Meeka, which was previously known as Latitude Consolidated, in February this year acquired the Andy Well and Gnaweeda gold projects from fellow-listed Silver Lake Resources for A$8-million, and subsequently renamed the broader project the Murchison project.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation