Meeka targets 2027 gold boost from new underground mine - Australian Mining

AI desk brief

Meeka Metals is advancing its second underground gold mine at Fairway in Western Australia, with first ore targeted for January 2027. The initial probable reserve is 620,000t at 2.5g/t for 50,000oz, and the new source will sit alongside Andy Well to lift mill feed and reduce single-asset dependence.

The company also reported rising current-quarter production as Andy Well ramps, with quarterly gold output up to 7,237oz from 6,424oz previously and plant throughput near an annualised 600,000t rate at 95% recovery. Growth capex fell sharply to $4.9mn from $17.5mn, while cash rose to $51mn, supporting a steadier production phase and further drilling at Turnberry and Mt Holland.