Meeka Gold Limited (AU:MEK) has released an update.
Meeka Gold Limited announced robust financial outcomes for their 100% owned Murchison Gold Project, with a definitive feasibility study revealing a post-tax net present value of $244 million and an impressive 100% internal rate of return. Capitalizing on these promising results, the company has expanded processing capacity by 30% through the acquisition of a larger ball mill, and secured a $2.2M bridging facility to fast-track development. With $3m in cash at quarter-end, Meeka is on a swift path to becoming a gold producer with significant growth potential identified.
For further insights into AU:MEK stock, check out TipRanks’ Stock Analysis page.
