OREMAVEN
XMM 7,722.00 -2.63% YTD +5.6% OM ASX 450.55 -2.56% YTD +0.1% OM PRECIOUS 349.20 -2.24% YTD +2.5% OM EX-PREC 418.91 -2.72% YTD -1.1% XAU 4,115.59 +2.31% YTD -4.9% GLD 375.49 +0.81% YTD -5.2% GDX 85.75 +1.37% YTD -0.0% SIL 77.33 -1.00% YTD -7.3% COPX 70.23 -5.81% YTD -1.8% URNM 40.07 -2.79% YTD -27.0%
2026-11-06
◂ Monitor MEK ASX

Meeka Metals Limited

Ramping Producer · Gold · Australia Rating locked: sign in to view v8.1 · mek-20261030t212434-full
Last 2026-11-06
A$0.075
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$258.5M
EV
A$225.1M
Cash
A$51.2M
Debt
A$17.2M
2 newer ASX announcements not yet reflected in this valuation

Narrative and provenance

Research & Sources

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Chronological evidenceSource-document inventory17 documents
Application for quotation of securities - MEKCorporate Action · HighExtracted

Selected material physical pages read through the prepared page cache. Source tables used in the model were also inspected visually. After-close October 30 Appendix 2A; current capital includes nil-cash conversion of 15,507,353 rights. Effective reaction session 2 November falls after cutoff; share issue itself occurred on cutoff.

Document ID
shares30
Published UTC
2026-10-30T07:16:01+00:00
Projects
—
Commodities
gold
Open original source ↗
MEK local reference closeMarket Data · MediumExtracted

python -m miners.reference_price MEK --valuation-date 2026-10-30: raw close and adjusted close A$0.076 on 30 October, volume 6,557,641, market data provider via miners.collect_stock_prices; one ASX MEK ordinary share; fresh zero days.

Document ID
mek-reference-price
Published UTC
2026-10-30T00:00:00+00:00
Projects
—
Commodities
gold
Open original source ↗
MEK market snapshot and peer databaseMarket Data · MediumExtracted

python -m miners.v8db.market_snapshot MEK --cutoff 2026-10-30 --shares 3447266262 --commodities Au; local stock/metal database and already-published peer database. Snapshot includes 52-week range, returns relative to mining index, liquidity, dated Au futures proxy and AUD/USD; peer dates retained and never represented as current cutoff quotes. Historical transaction scrip calibration: read-only local daily_stock_prices query for MEK only gives23April2026 close140000 scaled1e6=A$0.140,volume28,714,513;24April closeA$0.135. Use unaffected prior close for scrip calibration,not current target. Historical transaction scrip calibration: read-only local daily_stock_prices query for MEK only gives23April2026 close140000 scaled1e6=A$0.140,volume28,714,513;24April closeA$0.135. Use unaffected prior close for scrip calibration,not current target.

Document ID
mek-market-snapshot
Published UTC
2026-10-30T00:00:00+00:00
Projects
—
Commodities
gold
Open original source ↗
MEK project and corporate web pagesOther · MediumExtracted

Undated issuer website used only for timeless project identity and navigation. Search of announcements identified 9/12/29 October updates and 15 October holder notice. Current economic facts are taken from dated filings, not the website.

Document ID
issuer-sites
Published UTC
2026-10-30T00:00:00+00:00
Projects
—
Commodities
gold
Open original source ↗
September_2026_Quarterly_Activities_ReportOperations · HighExtracted

Selected material physical pages read through the prepared page cache. Source tables used in the model were also inspected visually. Latest quarterly source supersedes preliminary September guidance; production 7,237oz, AISC A$4,147/oz, cash A$51.18m; January 2027 first Fairway ore. Minute-level local release clock08:05AEDT from dated ASX distribution listings, retained separately as mek-release-clock; seconds set00 at minute precision, not claimed exchange-second precision.

Document ID
sep26
Published UTC
2026-10-28T21:05:00+00:00
Projects
murchison_gold
Commodities
gold
Open original source ↗
Dated ASX distribution clock: September2026 quarterlyOther · LowExtracted

Dated ASX distribution record for29October2026 quarterly: released08:05localAEDT,confirmed by InvestorPA listing and HotCopper timestamp. Used only for announcement-session mapping; no company economics inferred from an autogenerated summary. Underlying dated release is29October; webpage access30October2026.

Document ID
mek-release-clock
Published UTC
2026-10-28T21:05:00+00:00
Projects
—
Commodities
—
Open original source ↗
LBMA Q3 2026 precious metals reportCommodity Data · MediumExtracted

Q3 gold traded mainly US$4,000–4,400; 16-analyst year-end survey midpoint US$4,500, range US$3,879–5,100; central-bank demand offsets real-rate pressure. Context, not a long-run valuation anchor.

Document ID
lbma-q3
Published UTC
2026-10-14T00:00:00+00:00
Projects
—
Commodities
gold
Open original source ↗
MEK local management screeningOther · MediumExtracted

management/MEK/summary.md and background-check.json, dated 9 October. Reviewed as screening-level context, checked against annual report biographies; not legal, criminal or credential clearance.

Document ID
mek-management-evidence
Published UTC
2026-10-09T00:00:00+00:00
Projects
—
Commodities
gold
MEK local investor registryOther · MediumExtracted

ownership/MEK/investors.json: top 20 dated 31 August 2026, total 45.77%. Checked against annual physical page 74. Not a current beneficial-owner map; nominees are not identified as underlying funds.

Document ID
mek-ownership-register
Published UTC
2026-10-09T00:00:00+00:00
Projects
—
Commodities
gold
MEK insider database extractOther · MediumExtracted

python -m miners.insider_transactions show MEK; reviewed-through 9 October, partial. Rights conversions and director account classifications have unresolved reconciliation issues. Used only as leads and a disclosure gap; current director transactions require original notices.

Document ID
insiders
Published UTC
2026-10-09T00:00:00+00:00
Projects
—
Commodities
gold
Public summary of Morgans MEK researchOther · MediumExtracted

Public secondary account: Morgans Buy and revised A$0.17 target following weak September production expectations versus broker 9.8koz; original full model not accessible. Counterpoint only; target is not used in fair value.

Document ID
outside-view
Published UTC
2026-10-06T00:00:00+00:00
Projects
—
Commodities
gold
Open original source ↗
Institutional_Placement_Funding_the_Next_Phase_of_Growth_b293ef53d014Financing · HighExtracted

Selected material physical pages read through the prepared page cache. Source tables used in the model were also inspected visually. Conditional two-tranche raise at A$0.10. Tranche one already included in September cash; tranche two awaits November shareholder vote. Release clock and document_key reconciled to same underlying ASX filing in manifest despite alternate retained PDF hash; local copy path/hash remain the copy actually read.

Document ID
mek-placement-20260925
Published UTC
2026-09-24T23:26:02+00:00
Projects
—
Commodities
gold
Open original source ↗
Annual_Report_to_Shareholders_2026_9c771a1d9719Results · HighPartial

Selected material physical pages read through the prepared page cache. Source tables used in the model were also inspected visually. FY2025 and FY2026 audited comparative financials, first-year mine production, inventory, governance and resource/reserve baseline. Release clock and document_key reconciled to same underlying ASX filing in manifest despite alternate retained PDF hash; local copy path/hash remain the copy actually read.

Document ID
ann26
Published UTC
2026-09-21T06:26:01+00:00
Projects
murchison_gold
Commodities
gold
Open original source ↗
Metals Focus / WGC Q1 2026 cost reviewCommodity Data · MediumExtracted

Global Q1 AISC US$1,785/oz, up 16% year-on-year. This is a sustaining-cost benchmark, not a directly observed greenfield incentive price; royalty inflation linked to gold prices.

Document ID
wgc-cost
Published UTC
2026-08-24T00:00:00+00:00
Projects
—
Commodities
gold
Open original source ↗
World Gold Council Q2 2026 outlookCommodity Data · MediumExtracted

Investment and central-bank demand support gold; high prices suppress jewellery; production and recycling supply respond gradually. No issuer price target or assured price floor.

Document ID
wgc-outlook
Published UTC
2026-07-30T00:00:00+00:00
Projects
—
Commodities
gold
Open original source ↗
Mt Holland South Gold AcquisitionTransaction · HighPartial

Selected material physical pages read through the prepared page cache. Source tables used in the model were also inspected visually. Purchase terms: cash A$20m and 117,804,881 shares; lithium excluded, assumed A$25/oz royalty and A$10m deferred payment.

Document ID
mth-acq
Published UTC
2026-04-23T22:30:05+00:00
Projects
mt_holland_south
Commodities
gold
Open original source ↗
Expanded Murchison Gold Project Feasibility StudyStudy · HighPartial

Selected material physical pages read through the prepared page cache. Source tables used in the model were also inspected visually. Historical feasibility technical benchmark; current operating results supersede its start-up schedule. Original study prices are not extrapolated to current spot.

Document ID
dfs24
Published UTC
2024-12-11T21:18:46+00:00
Projects
murchison_gold
Commodities
gold
Open original source ↗
Evidence facts79
f-3shares basic

2945888192 shares

2026-06-30
f-4cash

37930000 AUD

2026-06-30
f-5debt

18833000 AUD

2026-06-30
f-6lease liabilities

629000 AUD

2026-06-30
f-7book equity

210005000 AUD

2026-06-30
f-8revenue

160761000 AUD

2026-06-30
f-9ebitda

115329000 AUD

2026-06-30
f-10npat

51315000 AUD

2026-06-30
f-11operating cash flow

89779000 AUD

2026-06-30
f-12capex

107015000 AUD

2026-06-30
f-13revenue

0 AUD

2025-06-30
f-14ebitda

-3515000 AUD

2025-06-30
f-15npat

-4242000 AUD

2025-06-30
f-16operating cash flow

-4487000 AUD

2025-06-30
f-17capex

67172000 AUD

2025-06-30
f-29production fy

28829 oz

2026-06-30
f-30throughput

423290 t

2026-06-30
f-31resource tonnes

12940000 t

2026-06-30
f-32resource grade

2.9 g/t

2026-06-30
f-33resource contained

1215000 oz

2026-06-30
f-34resource tonnes

150000 t

2026-06-30
f-35resource grade

11.4 g/t

2026-06-30
f-36resource contained

55000 oz

2026-06-30
f-37resource tonnes

8240000 t

2026-06-30
f-38resource grade

2.4 g/t

2026-06-30
f-39resource contained

625000 oz

2026-06-30
f-40resource tonnes

4550000 t

2026-06-30
f-41resource grade

3.7 g/t

2026-06-30
f-42resource contained

535000 oz

2026-06-30
f-43resource date

2026-06-30 date

2026-06-30
f-44resource tonnes

3570000 t

2026-06-30
f-45resource grade

2.4 g/t

2026-06-30
f-46resource contained

270000 oz

2026-06-30
f-47resource tonnes

1510000 t

2026-06-30
f-48resource grade

2.3 g/t

2026-06-30
f-49resource contained

110000 oz

2026-06-30
f-50resource tonnes

2060000 t

2026-06-30
f-51resource grade

2.4 g/t

2026-06-30
f-52resource contained

160000 oz

2026-06-30
f-53resource date

2026-06-30 date

2026-06-30
f-54reserve tonnes

3930000 t

2026-06-30
f-55reserve grade

2.8 g/t

2026-06-30
f-56reserve contained

355000 oz

2026-06-30
f-18cash

51180000 AUD

2026-09-30
f-19undrawn facilities

0 AUD

2026-09-30
f-20operating cash flow

1548000 AUD

2026-09-30
f-21capex

7411000 AUD

2026-09-30
f-22quarterly net burn

15863000 AUD

2026-09-30
f-23production quarter

7237 oz

2026-09-30
f-24aisc

4147 AUD/oz

2026-09-30
f-25c1 cost

3545 AUD/oz

2026-09-30
f-26head grade

1.6 g/t

2026-09-30
f-27recovery pct

95 %

2026-09-30
f-28nameplate capacity

600000 tpa

2026-09-30
f-57ownership pct

100 %

2026-09-30
f-58country

AU text

2026-09-30
f-59commodity

Au text

2026-09-30
f-60ownership pct

100 %

2026-09-30
f-61country

AU text

2026-09-30
f-62commodity

Au text

2026-09-30
f-63ownership pct

100 %

2026-09-30
f-64country

AU text

2026-09-30
f-65commodity

Au text

2026-09-30
f-66ownership pct

100 %

2026-09-30
f-67country

AU text

2026-09-30
f-68commodity

Au text

2026-09-30
f-71product spec

Gold bullion via CIL and refining text

2026-09-30
f-72nameplate capacity

600000 tpa

2026-09-30
f-74feed source

Captive Andy Well underground ore and Murchison open-pit stockpiles text

2026-09-30
f-75recovery pct

95 %

2026-09-30
f-76plant stage

operating text

2026-09-30
f-throughput-ttm-murchison_goldthroughput

489104 t

2026-09-30
f-throughput-ttm-murchison_plantthroughput

489104 t

2026-09-30
f-sep-est-debtdebt

17168589.35361217 AUD

2026-09-30
f-sep-est-lease_liabilitieslease_liabilities

573410.6463878327 AUD

2026-09-30
f-1shares basic

3447266262 shares

2026-10-30
f-2shares fully diluted

3554776919 shares

2026-10-30
f-69mining method

Decline-access underground long-hole stoping and stockpile processing text

2024-12-12
f-70mining method

No current mining plan; resource open-pit and underground categories text

2026-04-24