• Gold production of 6,083oz in the March 2026 quarter
• Production impacted by significant rainfall slowing mining activities
• Processing throughput improved 37% to 123kt in the quarter

Meeka Metals Limited ('Meeka' or the 'Company') provided a preliminary update on the March 2026 quarter at the Murchison Gold Project. Gold production was 6,083oz in the March 2026 quarter, down from 9,174oz in the December 2025 quarter. The production was impacted by significant rainfall which slowed open pit mining activities and delayed access to high-grade ore in the Turnberry Central and South pits, resulting in an increased reliance on processing lower grade stockpiles. Processing throughput improved significantly to 123kt, a 37% increase on the December 2025 quarter. This was a pleasing result as processing was impacted by the high moisture content of the oxide ore processed. Processing throughput in the June 2026 quarter is expected to be consistent with the March 2026 quarter as oxide ore continues to provide the majority of the process plant blend. However, processing throughput is expected to increase in the September 2026 quarter as fresh ore from underground sources increasingly makes a higher proportion of the process plant blend. Cash increased to $50.1M at 31 March 2026 from $37.3M at 31 December 2025. The Company sources diesel under a long-term supply agreement and remains confident that there is sufficient fuel and other inputs to continue providing the contracted services.

The Company expects processing throughput to be consistent with the March 2026 quarter in the June 2026 quarter, and to increase in the September 2026 quarter as fresh ore from underground sources makes up a higher proportion of the process plant blend.