Key points
- Group Mineral Resource grows to ~1.5Moz with Mt Holland acquisition
- Initial Mt Holland Mineral Resource of 270koz @ 2.4g/t Au
- Ore Reserves stand at 355koz @ 2.8g/t Au
- Future growth expected through substantial drilling in Murchison and Mt Holland
Full summary
Meeka Metals Ltd is pleased to report that its Mineral Resources have grown to approximately 1.5 million ounces with the acquisition of Mt Holland in Western Australia's Forrestania greenstone belt. The initial Mineral Resource estimate for Mt Holland stands at 270,000 ounces at 2.4 grams per tonne gold. Ore Reserves are currently at 355,000 ounces at 2.8 grams per tonne gold. Meeka's Managing Director and CEO, Tim Davidson, stated that the company expects growth in the coming year to be driven by drilling activities in the Murchison and Mt Holland areas, including potential additions at Rosapenna and Turnberry. The annual statement of Mineral Resources and Ore Reserves has been prepared in accordance with the 2012 Edition of the 'Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves' (the JORC Code 2012) and the requirements of the ASX Listing Rules.
Outlook
The company expects growth in the coming year to be driven by drilling activities in the Murchison and Mt Holland areas.