The Murchison gold project in Western Australia has made a key breakthrough with the first gold spill in the country. gold pour on schedule on schedule by Meeka Metals. After twelve months since the start of construction, the commissioning phase has been completed and the production ramp-up is on schedule.
Meeka’s gold production grows with new fleet
The company reported that ore reserves continue to accumulate continue to build in front of the processing plant, boosted by the addition of a third digging fleet that arrived on site in June. With this additional capacity, open pit mining is ramping up and paving the way for the addition of subway ore from the Andy Well deposit, scheduled for the September quarter.
It is a significant achievement to have reached this milestone within the first year of start-up. Our objective continues to be to reach an annual production of 80 thousand ounces of gold. The arrival of the new equipment and the expansion of the operation position us to achieve this goal with strength.
Tim Davidson, CEO of Meeka, noted.
Andy Well operates with active permits
The current operating plan is supported by a Definitive Feasibility Study filed in December 2024, which projects an average production of 65 thousand ounces per year for the first seven years, with a pre-tax free cash flow of US$1 billion and an internal rate of return of 180%.
The Andy Well plant, which was reactivated for this project, is operating with all required permits and is in full operational ramp-up. The Murchison project project represents a key part of Meeka’s strategy to consolidate its position as a gold producer. gold producer in the region. producer in the region.
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Source and photo: Meeka Metals
