Meeka Metals Limited · ASX:MEK
Meeka Metals — RIU Sydney Resources Round-up 2024
14 slides from Meeka Metals's conference presentation, May 2024
Slide 1: RIU Sydney | 'Development Ready' 2024
Tim Davidson | Managing Director RIU Sydney | ‘Development Ready’ 2024 May 2024
Slide 2: Important Information Disclaimer
IMPORTANT INFORMATION Disclaimer This information contained in this presentation is issued by Meeka Metals Limited (“Meeka” or the “Company”). The information contained herein is confidential and proprietary to the Company and is provided to recipients on the terms and conditions set out in this dis
Slide 3: A High-Grade Gold Project
A High-Grade Gold Project Advancing to ‘Development Ready’ in 2024. Located in the tier 1 mining jurisdiction of Western Australia. July 2023 Pre-Feasibility Study outlines gold production of 663,000oz, 80,000ozpa over the first 8 years, peak production of 103,000oz. Pre-Feasibility Study undiscount
Slide 4: Capital Structure and Board and Management
Capital Structure Share Price (close price 7 May 2024) $/share 0.033 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 $0.05 8 Shares on Issue M 1,235 $0.05 $0.04 Options on Issue M 113 6 $0.04 Market Capitalisation $M 40.8 $0.03 $0.03 4 Cash (31 Mar 2024) $M 3.8 $0.02 Debt $M - $0.02 2 $0.01 Net Cash $M 3.
Slide 5: Excellent Operating Address in the Murchison
Excellent Operating Address in the Murchison ▪ 100% MEK ownership in: ✓ 1.2Moz @ 3.0g/t Au Mineral Resource. ✓ 410koz @ 3.1g/t Au in Ore Reserve. ▪ Significant opportunity to extend Mineral Resources and grow Ore Reserves with further drilling. ▪ An advanced pipeline of growth targets within 281km2
Slide 6: Key July 2023 PFS Outcomes
Key July 2023 PFS Outcomes Project Economics Gold Price $/oz $2,500 $2,750 $3,000 Revenue $M 1,656 1,822 1,988 EBITDA $M 710 870 1,028 Free Cash Flow (Pre-tax) $M 202 363 521 Free Cash Flow (Post-tax) $M 149 261 372 NPV5% (Pre-tax) $M 125 249 371 NPV5% (Post-tax) $M 81 171 256 IRR (Pre-tax) % 24 40
Slide 7: DFS Targeting Low Capital Start-up Strategy
DFS Targeting Low Capital Start-up Strategy Leverage existing processing infrastructure with a focussed, high-grade mining strategy. ▪ Existing infrastructure at Andy Well including: ✓ Processing plant Mill Workshop / Stores ✓ Mill workshop Powerhouse ✓ Stores building ✓ Powerhouse. ▪ The Andy Well
Slide 8: Permitted Infrastructure, Rapid Restart, Potential Expansion
Permitted Infrastructure, Rapid Restart, Potential Expansion Minimal work required to re-commission and expand. 8
Slide 9: Site Layout and Access
Andy Well Site Layout and Access ▪ Access via the Great Northern Highway. ▪ Mill and underground mine Andy Well at Andy Well. Turnberry ▪ Open pit mining at Turnberry and St Anne’s. ▪ New 20km haul road constructed on a granted Miscellaneous Licence (L Turnberry 51/97). St Anne’s ▪ Final development
Slide 10: High-Grade, Low Risk Oxide Open Pits
High-Grade, Low Risk Oxide Open Pits Turnberry and St Anne’s: high value open pit mill feed, derisks production start-up. ▪ Located on a granted Mining Lease, 15km southeast of processing plant. ✓ Turnberry: no prior mining depletion, averages ~1,600oz per vertical metre from surface to a depth of 2
Slide 11: High Value Production, Drilling Likely To Deliver Growth
High Value Production, Drilling Likely To Deliver Growth Andy Well: Existing Infrastructure = Accelerated Development Timeline. ▪ >6km of existing capital development = accelerated production timeline. ▪ Initial seven years of planned high-grade, high value production. ▪ Gold is hosted in high-grade
Slide 12: A 25km Long Growth Target
A 25km Long Growth Target The Archean Gnaweeda Greenstone Belt. ▪ The Fairway shear zone: ✓ 25km long Archean greenstone belt. ✓ Already hosts >700koz Au in Mineral Resource = fertile. ✓ Largely untested = compelling growth target. ▪ 90% of the belt has either no drilling or ineffective, broad space
Slide 13: Key catalysts in the next months
Key catalysts in the next 3 months 1. DFS = May 2024 2. Final development approval = expected June 2024 quarter 3. Murchison Gold Project debt funding in place = July 2024 13
Slide 14: eos
eos ASX:MEK (08) 6388 2700 info@meekametals.com.au meekametals.com.au DISCOVER GROW DEVELOP