Australia · Delayed Price · Currency is AUD Meeka Metals Earnings Call Transcripts
Fiscal Year 2026
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Significant capital investment has established a stable, long-life mining operation now transitioning to underground mining, improving grades and reducing costs. Ongoing drilling at both existing and newly acquired assets targets substantial resource growth and enhanced cash flow.
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Performance has lagged due to open pit mining, but a transition to underground mining is underway, supported by significant infrastructure investment. High-grade ore and resource growth are expected from Andy Well and Turnberry, with exploration targeting further expansion.
Fiscal Year 2025
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Commissioned plant and poured first gold in July, with open pit and underground mining ramping up. Production is set to increase significantly over the next two years, supported by strong cash flow, high-grade resources, and expansion plans.