Meeka Metals (MEK) Earnings Call Presentation

Financial Performance & Production Plan - The company's FS2.0 outlines a 10-year production plan, targeting up to 76 thousand ounces (koz) of gold per annum (pa), with an average of 65 koz pa for the first 7 years[14] - The Murchison Gold Project is expected to generate $1 billion in undiscounted pre-tax free cash flow over the 10-year production plan[14] - At an AUD gold price of $4,100 per ounce, the project's Net Present Value (NPV) at an 8% discount rate is $616 million, with an Internal Rate of Return (IRR) of 180%[14] - The company has a strong cash position of $56 million and no debt as of June 30, 2025[14] - The company's market capitalization is $437 million, with an enterprise value of $381 million[18] Operational Highlights - Open pit mining is ramping up, with a third mining fleet now in operation, and underground (UG) mining commenced in July 2025[14] - The processing plant is being upgraded to a capacity of approximately 600 thousand tonnes per annum (ktpa)[42] - Stage 1 oxide open pits are projected to produce 55 koz of gold at a grade of 2.6 grams per tonne (g/t) Au, optimized at an AUD gold price of $2,350 per ounce[45] - Underground mining at Andy Well is restarting rapidly in July 2025, 12 months ahead of the DFS2.0 schedule[56] Resource & Reserve Base - The Murchison Gold Project has a resource of 1.2 million ounces (Moz) of gold at a grade of 3.0 g/t Au and reserves of 400 koz at a grade of 3.1 g/t Au[41] - The Andy Well underground mine has a high-grade resource of 505 koz at 8.6 g/t Au[60]