Ann: Murchison Development Update - March 2025, page-5

AI Summary, the update from Meeka Metals (ASX: MEK) appears positive for investors. Here’s why:

Key Highlights:

•Continued Progress: The update confirms that expansion works on the CIL gold processing plant are moving forward at pace.

•Major Installations Completed/In Progress:

•Installation of the larger 750kW ball mill

•Installation of the cyclone cluster and associated steelwork

•Installation of new leach and adsorption tanks

These are key infrastructure components needed to process gold efficiently, and their successful implementation signals the project is moving toward production readiness.

Why it’s positive:

•Indicates project momentum and execution capability, which reduces risk.

•Infrastructure progress like this is often a precursor to increased future production.

•Shows the company is sticking to its timeline, which builds market confidence.

•Could eventually translate to revenue generation and increased valuation.

That said, investors will be looking for:

•Cost control during development

•Commissioning timelines

•First gold pour date

•Future exploration updates