Meeka Gold Limited (AU:MEK) has released an update.
Meeka Gold Limited’s Definitive Feasibility Study for the Murchison Gold Project outlines a robust 9-year production plan with a projected pre-tax free cash flow of $485M and a payback period of just 8 months at a $3,250/oz gold price. The study highlights a low-risk strategy for the company, with significant production in the initial years and opportunities for further expansion and rapid debt repayment. The company is also advancing in securing the necessary permits and project financing, with positive financial metrics bolstering investor confidence.
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