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Meeka Gold Limited ( (AU:MEK) ) has shared an update.
Meeka Metals Limited has announced significant high-grade gold findings from its surface drilling at the Andy Well underground mine, part of the Murchison Gold Project. The drilling results have extended the strike of the Wilber lode by approximately 450 meters south of the current mining area, highlighting the potential to expand the Resource and Reserves in the shallow part of the mine. These developments are expected to enhance the company’s production plan and generate strong cash flow, positioning Meeka favorably within the gold mining sector.
The most recent analyst rating on (AU:MEK) stock is a Buy with a A$0.33 price target. To see the full list of analyst forecasts on Meeka Gold Limited stock, see the AU:MEK Stock Forecast page.
More about Meeka Gold Limited
Meeka Metals Limited operates in the mining industry, focusing on gold exploration and production. The company is involved in the Murchison Gold Project, with a particular emphasis on high-grade gold deposits at the Andy Well underground mine.
Average Trading Volume: 18,687,360
Technical Sentiment Signal: Buy
Current Market Cap: A$657.9M
See more insights into MEK stock on TipRanks’ Stock Analysis page.