Meeka Gold Ltd (MEK)
Key Information
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Deep Dive
Meeka (ASX:MEK) is a junior gold and rare earths company with a portfolio of high quality 100% owned projects across Western Australia.
Gold
Meeka’s flagship Murchison Gold Project has a combined 343km² landholding in the prolific Murchison Gold Fields and hosts a large high-grade 1.1Moz Mineral Resource. The Company is actively growing these resources while also progressing toward production. The release of the Murchison Gold Project Scoping Study in December 2021 outlined a robust Project intending to produce over 420koz of gold.
In addition, Meeka owns the Circle Valley Project in the Albany-Fraser Mobile Belt (also host to the Tropicana gold mine – 3Moz past production). Gold mineralisation has been identified in four separate locations at Circle Valley and presents an exciting growth opportunity, which is being aggressively pursued.
Rare Earths
Meeka controls the Cascade Rare Earths Project (2,068km2 ) in a region that is rapidly emerging as a highly prospective clay rare earths province. Importantly, the results to date contain high levels of permanent magnet metals being Neodymium-Praseodymium oxides. These metals are geopolitically critical and the company intends to accelerate our understanding of Cascade by commencing initial metallurgical work. The company has scheduled ongoing drilling for the Cascade Project. .
Highlights
A quality Gold Project portfolio with an emerging discovery in the Albany-Fraser
Potential large gold discovery at Circle Valley announced on 3rd May 2022 with broad zones of primary mineralisation intersected below a 1.2km long gold anomaly
Emerging Rare Earths target at Circle Valley
Value of the business underpinned by high grade, high confidence 1.1Moz gold resource
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People
Board
Paul Chapman
Paul is an experienced and highly regarded mining industry leader, recognised for guiding companies through development and into production. Paul has demonstrable experience building highly successful gold businesses having being Chairman and a founding shareholder of a number of ASX listed companies.
Paul Chapman
Non- Executive Chairman
Paul is a chartered accountant with over thirty years experience in the resources sector gained in Australia and the United States. Paul has experience across a range of commodity businesses including gold, rare earths, nickel, uranium, manganese, bauxite/alumina and oil/gas. Paul has held managing director and other senior management roles in public companies. Paul was a founding shareholder and/or director of the following ASX listed companies: Reliance Mining, Encounter Resources, Rex Minerals, Silver Lake Resources, Dreadnought Resources, Sunshine Gold, Black Cat Syndicate and Avanco Resources. Paul is NonExecutive Chairman of Black Cat Syndicate (ASX:BC8), Dreadnought Resources (ASX:DRE), Encounter Resources (ASX:ENR). Paul is also a director of Sunshine Gold (ASX:SHN)
Tim Davidson
Tim is a qualified mining engineer with extensive resource industry experience, both within Australia and internationally, working with prominent mining companies including Newmont, BHP and Silver Lake Resources. Tim was instrumental in the acquisition of Meeka’s 1.1Moz Murchison Gold Project from Silver Lake Resources.
Tim Davidson
Managing Director & CEO
Tim is a qualified mining engineer with extensive resource industry experience, both within Australia and internationally, working with prominent mining companies including Newmont, BHP and Silver Lake Resources. Tim was instrumental in the acquisition of Meeka’s 1.1Moz Murchison Gold Project from Silver Lake Resources.
Morgan Barron
Morgan Barron is a Chartered Accountant with over 20 years’ experience in finance and corporate advisory. Morgan has advised and guided many ASX companies undertaking fundraising activities and corporate and compliance matters.
Roger Steinepreis
Roger has a law degree from the University of Western Australia, was admitted as a barrister and solicitor for the Supreme Court of Western Australia in 1987, and has been practicing as a lawyer for over 25 years. He is the legal adviser to a number of public companies on a wide range of corporate-related matters, with a focus on company restructures, initial public offerings and takeovers.
Paul Adams
Paul is a qualified geologist and finance professional with over 30 years experience across capital markets, exploration and mining. Paul was Managing Director of Spectrum Metals Limited prior to it being taken over by Ramelius Resources and previously served as Director – Head of Research and Natural Resources at DJ Carmichael Pty Ltd for 12 years.
Paul Adams
Non- Executive Director
Paul is a qualified geologist and finance professional with over 30 years experience across capital markets, exploration and mining. Paul was Managing Director of Spectrum Metals Limited prior to it being taken over by Ramelius Resources and previously served as Director – Head of Research and Natural Resources at DJ Carmichael Pty Ltd for 12 years. Paul’s operational experience includes senior roles with leading mining companies Placer Dome, Australian Gold Mines Ltd and Dominion Mining, both within Australia and overseas. Paul holds a Graduate Diploma in Applied Finance and Investment from the Financial Services Institute of Australia. He is currently a Non-Executive Director of Kalamazoo Resources Limited.
Projects
Murchison Gold Project
The Andy Well and Gnaweeda Gold Projects cover the northern extent of the Mount Magnet Shear Zone (Andy Well Mine) and the Youanmi Shear Zone (Gnaweeda Project). The project tenure includes 46km² of granted Mining Leases and 297km² of Exploration Licenses.
Highlights:
High confidence, high grade 1.1Moz gold Mineral Resource with 65% in Measured and Indicated classification and clear pathway to growth through drilling of high priority near-mine exploration targets.
Strategic land holding in Murchison Gold Field proximate to 3x large gold processing plants (343km² Mining Leases and Exploration Licenses).
Past production by Doray Minerals Limited of over 330,000 ounces at 8g/t gold when gold price was A$1,600/oz.
Extensive infrastructure remains in place at Andy Well.
Comprehensive exploration dataset ($30m replacement value) acquired with the project including sub-audio magnetic, aeromagnetic and gravity data, and a drill hole database containing 786,500m of geological information.
Circle Valley Gold Project
Meeka Gold’s Circle Valley Gold Project is located 85km south of Norseman in Western Australia. Circle Valley covers a soil-covered section of the southwestern Albany-Fraser Mobile Belt where limited past reconnaissance-style aircore (AC) drilling had located primary gold mineralisation in two separate locations.
Highlights:
Two bedrock gold occurrences within otherwise unexplored terrain at Circle Valley is an excellent indicator of potential broader gold mineralisation.
Previous exploration along the western edge of the Albany Fraser Mobile Belt has resulted in the discovery of the 7.1Moz Tropicana gold mine.
The potential prize with this type of target could be a new gold ‘camp’.
Milestones
Historical Milestones
Future Milestones
