Meeka Gold Limited (AU:MEK) has released an update.
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Meeka Gold Limited’s expanded feasibility study for the Murchison Gold Project forecasts a significant boost in production and financial returns, with a projected $1 billion in pre-tax free cash flow over a decade. The study reveals a 31% increase in ore reserves and a 40% rise in total gold production, highlighting the project’s robust profitability with an IRR of 180% at current gold prices. As Meeka aims for first gold by mid-2025, the company is focused on leveraging expanded processing capacity to enhance cash flow and production efficiency.
For further insights into AU:MEK stock, check out TipRanks’ Stock Analysis page.
