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Meeka Gold Limited ( (AU:MEK) ) has issued an update.
Meeka Metals has begun an upgrade at its Murchison processing plant, installing an additional crushing circuit, wash plant and a Steinert multi-sensor ore sorter to lift capacity to about 800,000 tonnes per annum. The initiative targets Andy Well underground ore, separating high-grade material for immediate milling and stockpiling lower-grade ore for future processing.
Test work indicates the sorter can direct roughly 85% of contained gold into about half the rock mass, effectively doubling Andy Well’s head grade while maintaining unit processing costs at around $38 per tonne. With capital outlay of about $6 million and commissioning targeted for the September 2026 quarter, the upgrade is expected to boost annual gold production, reduce plant wear and tailings per ounce, and provide extra capacity for ore from new open pits and the planned Turnberry underground mine.
The most recent analyst rating on (AU:MEK) stock is a Hold with a A$0.16 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 is an Australian gold developer focused on the Murchison Gold Project, where it operates and expands processing infrastructure to increase throughput and annual gold output. The company is advancing both open-pit and underground mines, including the Andy Well and Turnberry deposits, targeting higher grade ore and more efficient processing in Western Australia.
YTD Price Performance: -35.85%
Average Trading Volume: 17,557,567
Technical Sentiment Signal: Buy
Current Market Cap: A$500.8M
See more data about MEK stock on TipRanks’ Stock Analysis page.