Meeka Metals Limited · ASX:MEK
Meeka Metals — Investor Presentation (February 2026)
16 slides from Meeka Metals's investor presentation, February 2026
Slide 1: Ramp-up continuing successfully
Ramp-up continuing successfully Corporate Update February 2026 ASX:MEK meekametals.com.au
Slide 2: Important Information
Important Information Disclaimer Mineral Resources This information contained in this presentation is issued by Meeka Metals Limited (“Meeka” or the “Company”). The The information that relates to the Mineral Resource for Turnberry was first reported by the Company on 6 May 2024. The information con
Slide 3: Capital Structure
Capital Structure $0.35 120.0 $0.30 100.0 $0.225 2,946m $0.25 Price ($/share) Volume (m) 80.0 $0.20 share price 60.0 (11 February 2026) shares $0.15 40.0 $0.10 $0.05 20.0 $663m $- - market cap Ownership $67m 5% Cash & gold nil Board & Management (31 December 2025) debt 49% 51% Institutional Other Ho
Slide 4: Leadership
Leadership Have done it before and are well aligned (have invested $4m in the Company to date). Board Management Paul Chapman Chris Davidson - Chief Operating Officer Non-Executive Chairman MINING ENGINEER ACCOUNTANT Mine manager for Silver Lake Resources responsible for developing their newest Char
Slide 5: High-grade production and strong free cash flow over 10 years
High-grade production and strong free cash flow over 10-years1 A$3,500/oz A$4,100/oz Base Case Average gold production* koz 65 65 *(first 7 years) Peak production koz 76 76 M r h r e t Life of Mine average grade g/t 3.0 3.0 M M M Free Cash Flow (Pre-tax) $M 701 1,007 M era e r e Ore e er e M t t Fre
Slide 6: Murchison Gold Project
Murchison Gold Project Site Layout. ASX:MEK meekametals.com.au 6
Slide 7: Processing ramp-up continuing, ~1 quarter behind schedule
Processing ramp-up continuing, ~1 quarter behind schedule Production Throughput and grade increased, 9.2koz produced. Temporarily impacted in December by isolated but concurrent issues (now fully resolved). Recovery 97% recovery in Dec-25 quarter, in line with DFS estimate. Unit Costs Higher on acco
Slide 8: Processing ramp-up on track for ~600ktpa by March 2026
Processing ramp-up on track for ~600ktpa by March 2026 Ability to further expand processing capacity. Expansion study brought forward, will be released in the Mar-26 quarter. New screen deck install in Mar-26 Qtr Upgraded cyclones improving grind size/recovery Mill feed conveyors upgraded for increa
Slide 9: Open pit mining operating at steady state
Open pit mining operating at steady state Production Mining now at steady state, ~2.4Mbcm movement per Qtr, producing ~100-150kt of ore per month. Unit Costs $8/BCM all in open pit mining unit costs tracking DFS estimate, $64/t ore will continue to trend down as strip ratio reduces over 2026. Ore St
Slide 10: Stage 1 open pit ramp-up complete
Stage 1 open pit ramp-up complete Operating at steady state, ~2.4M bcm/quarter. Stage 1 oxide open pits produce ~2.5-3.0g/t Au (optimised at $2,350 AUD/oz). Total open pit Resource 360koz @ 1.4g/t Au (86% M&I). Ore stockpiles of 400kt (13koz Au) and continuing to build, adding ~80kt per month. Signi
Slide 11: Positive drilling results likely to deliver further open pit production growth
Positive drilling results likely to deliver further open pit production growth ASX:MEK meekametals.com.au 11
Slide 12: Underground mining continuing to ramp-up successfully
Underground mining continuing to ramp-up successfully Production Ore production currently 100% from development, stoping to commence late in Jun-26 quarter. Unit Costs Unit costs reducing as increased work areas become available productivity improves, targeting <$5,000/m all-in unit costs (currently
Slide 13: Development months ahead of schedule to derisk FY26 and FY27 Production
Development 12 months ahead of schedule to derisk FY26 and FY27 Production Cross Section First 18 Months of Production Mining schedule brought forward to de-risk FY26 and FY27 production plan. Suzie lodes Low capital re-start with existing Judy lodes decline to ~500m below surface. First ~12-18 mont
Slide 14: Andy Well Growth
Andy Well Growth Open down plunge, growth drilling commenced in 2025. ASX:MEK meekametals.com.au 14
Slide 15: 25km Long Archean Greenstone Belt
25km Long Archean Greenstone Belt Significant organic growth opportunity. The greenstone belt remains largely untested. 25km contact with major regional structure (Boundary Shear Zone). 90% of the belt has no drilling or ineffective, broad spaced reconnaissance RAB drilling from 1990’s and 2000’s. M
Slide 16: Contact
Contact Tim Davidson | Managing Director +61 8 6388 2700 info@meekametals.com.au ASX:MEK meekametals.com.au