Meeka Metals Limited · ASX:MEK
Meeka Metals — Noosa Mining Investor Conference 2025
20 slides from Meeka Metals's conference presentation, Jul 24, 2025
Slide 1: Production Ramping Up
Production Ramping Up Noosa Mining Presentation 24 July 2025 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: 10-year Production Plan Delivers $1bn FCF
10-year Production Plan Delivers $1bn FCF Pre-eminent mining jurisdiction – Western Australia. FS2.0 – 10-year production plan up to 76koz pa, average 65koz pa for first 7 years. Undiscounted pre-tax free cash flow $1bn, NPV8% $616m, IRR 180% (@$4,100 AUD/oz). Open pit mining ramping up with third m
Slide 4: Capital Structure
Capital Structure $0.20 70.0 $0.18 60.0 $0.15 2,916m $0.16 $0.14 50.0 Price (A$/share) share price Volume (m) $0.12 (23 July June 2025) shares 40.0 $0.10 30.0 $0.08 $0.06 20.0 $437m 31m $0.04 $0.02 10.0 market cap options $- - $56m nil cash debt Ownership (30 June 2025) 5% 49% $381m Board & Manageme
Slide 5: 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 6: Initial 10-Year Production Plan
Initial 10-Year Production Plan 65koz pa average annual gold sales over first 7 years. Elevated AISC in Y9 & Y10 due to $3,500 AUD/oz non-cash inventory adjustments $4,100 AUD/oz Ramp up in production driven by (processing stockpiles) Base Case 80 increasing grade as UG mines $3,000 come online. Ave
Slide 7: Murchison Gold Project Overview
Murchison Gold Project Overview 100% MEK ownership in: 1.2Moz @ 3.0g/t Au Resource 400koz @ 3.1g/t Au Reserves Extensive established site and regional infrastructure: CIL processing plant ~600ktpa (replacement cost ~$100M) New 160-person accommodation village New mining and processing support comple
Slide 8: Upgraded Processing Plant
Upgraded Processing Plant Processing capacity ramping-up to ~600kt per annum. Higher capacity Ability to further expand processing capacity, secondary crusher expansion study to be completed in FY26. New cyclone structure and gravity gold circuit 2x new 600m3 CIL tanks Larger 750kW ball mill Upgrade
Slide 9: Murchison Gold Project Site Layout
Murchison Gold Project Site Layout. ASX:MEK meekametals.com.au 9
Slide 10: High-Grade, Low-Cost Oxide Open Pits Fill the Mill in FY26
High-Grade, Low-Cost Oxide Open Pits Fill the Mill in FY26 Significant opportunity to expand open pit production. Total open pit Mineral Resource 360koz @ 1.4g/t Au (86% M&I). Stage 1 oxide open pits produce 55koz @ 2.6g/t Au (optimised at $2,350 AUD/oz). Significant opportunity to expand open pit p
Slide 11: Open Pits Accelerating
Open Pits Accelerating Three pits now in production. Third mining fleet mobilised in Jun-25. Mining now underway in three pits. A further two pits planned to commence in FY26. Underground mining commencing in FY27. ASX:MEK meekametals.com.au 11
Slide 12: St Anne's North Reconciliation
’ Positive tonnes and grade reconciliation to date. St Anne’s North producing ore now, grade improving with depth: • 3g/t Au forecast in Jul-25 • 4g/t Au forecast in Aug-25 ASX:MEK meekametals.com.au 12
Slide 13: Turnberry Central Producing Ore in Sept-25 Quarter
Turnberry Central Producing Ore in Sept-25 Quarter Wide ore blocks, simple productive mining. First ore produced in Aug-25. Southern pit expansion in planning following shallow, high-grade drill results in FY25. Underground mining to commence in FY27 from bottom of this Stage 1 open pit ASX:MEK 13
Slide 14: Turnberry Open Pits Getting Bigger With Drilling
Turnberry Open Pits Getting Bigger With Drilling FY25 Drilling results likely to expand Stage 1 open pit production. Ongoing drilling along strike from Stage 1 open pits is returning shallow high-grade gold and highlights the potential to grow Reserves and open pit production. Recent new shallow ope
Slide 15: Development Underway
Development Underway First underground, high-grade Andy Well mine, is in development. First cut taken Jul-25. First ore in Sept-25 quarter. Mining performed by owner-operator team, personnel and equipment mobilised in Jun-25. 7-year production plan based on existing Resource. Significant opportunity
Slide 16: Andy Well Underground
Andy Well Underground Rapid re-start in Jul-25, 12 months ahead of DFS2.0 schedule. Development schedule brought forward to de-risk FY26 and FY27 production plan. Cross Section First 18 Months of Production Low capital re-start with existing decline to 500m below surface. First ~12-18 months of prod
Slide 17: Andy Well Underground
Andy Well Underground Low capital re-start from existing decline development. High-grade 505koz @ 8.6g/t Au Resource (73% M&I). Significant opportunity for growth through drilling, all lodes open down plunge. Extensive underground growth drilling planned for 2025. ASX:MEK meekametals.com.au 17
Slide 18: Andy Well Growth
Andy Well Growth Open down plunge, drilling from underground platforms starting in 2025. ASX:MEK meekametals.com.au 18
Slide 19: 25km Long Archean Greenstone Belt
25km Long Archean Greenstone Belt Significant organic growth opportunity at Gnaweeda. 25km contact with major regional structure (Boundary Shear Zone). Largely untested. 90% of the greenstone belt has no drilling or ineffective, broad spaced reconnaissance RAB drilling from 1990’s and 2000’s. Multip
Slide 20: Contact
Contact Tim Davidson | Managing Director +61 8 6388 2700 info@meekametals.com.au ASX:MEK meekametals.com.au