Meeka Metals (ASX:MEK) released its preliminary update for the March quarter, revealing a resilient operational performance at the Murchison Gold Project despite environmental challenges.
The company reported gold production of 6,083oz, a decrease from the 9,174oz produced in the December 2025 quarter.
The dip was primarily attributed to heavy rainfall, which hampered open-pit mining operations and restricted access to high-grade ore within the Turnberry Central and South pits.
Consequently, the project relied more heavily on lower-grade stockpiles, resulting in a milled grade of 1.6g/t.
However, the quarter was marked by a substantial lift in operational efficiency. Processing throughput surged to 123kt, representing a 37% increase over the previous quarter.
Managing Director Tim Davidson highlighted that this improvement was achieved despite the high moisture content of oxide ore often exceeding 15%.
While production numbers were tempered by the weather, Meeka’s financial position strengthened, with cash reserves climbing to $50.1M as of March 31, up from $37.3M in December.
Looking ahead, the outlook remains optimistic. Throughput is expected to remain steady in the June quarter as high-grade ore access is restored, with a further increase projected for the September quarter as the mill transition to fresh underground ore begins.
Meeka confirmed its fuel supply remains secure through a long-term agreement with Australia’s largest distributor.
At the time of reporting, Meeka Metals’ share price was $0.18.