Meeka Metals Starts Ore Development at Western Australia Underground Mine; Shares Jump 15%

MT Newswires Live

May 25

Meeka Metals (ASX:MEK) said ore development started at its previously unmined Judy North orebody in Western Australia, according to a Monday filing with the Australian bourse.

Judy North is an initial 96,000 ounces at 5.4 grams per tonne grade of gold resource at the Andy Well underground mine, which was accessed from an existing decline with ore development currently ramping up, per the filing.

Ore development at the site is underway on two levels, and a further three levels are expected to start in the June quarter, the company said.

Meeka Metals shares gained 15% in recent Monday trade.

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