• No lost time injuries, LTIFR at 0.0 and TRIFR at 9.5
• Gold production increased to 9,174oz at $2,365/oz AISC
• Mine operating cash flow of $23.9M, net mine cash flow of $4.1M

Meeka Metals Ltd reported another strong quarter of increasing gold production and cash flow. The company maintained a strong safety record with no lost time injuries and low injury frequency rates. Gold production increased to 9,174oz at an all-in sustaining cost of $2,365/oz, a 28% quarter-on-quarter increase. The company generated mine operating cash flow of $23.9M and net mine cash flow of $4.1M after $19.8M in growth capital expenditure, primarily for underground development at the Andy Well mine and mining equipment. Open pit mining continued steadily, and underground development at Andy Well accelerated significantly, increasing 136% quarter-on-quarter. The processing plant was temporarily impacted by several isolated issues in December, resulting in the loss of around 9 days of processing, but the plant has since increased throughput to over 1,500 tonnes per day. Exploration drilling delivered promising results, including at the new Rosapenna prospect and at the northeastern flank of the Turnberry deposit, which is expected to extend open pit mining and add to underground production. The company remains well-positioned for further production growth and cash flow generation.

The company is targeting gold production of 7,000-10,000oz for the December 2025 quarter, with the processing plant expected to increase throughput to 600,000 tonnes per annum in the March 2026 quarter.

Meeka Metals is focused on continuing to ramp up production and cash flow from the Murchison Gold Project, with a strong pipeline of growth opportunities including the new Rosapenna prospect and potential Resource extensions at Turnberry. The company is well-funded to execute its growth plans.