MEK commenced mining at its Murchison Gold project earlier this month with an open pit mining fleet now onsite and pre-stripping of the St Annes open pit underway. Open pit mining is expected to reach the first ore zones next month, with haulage to the Andy Well processing centre to commence thereafter. Plant commissioning of the Andy Well mill remains on track with first gold targeted in 1QFY26. MEK is entering a catalyst-rich six-month period as the project progresses through key de-risking events such as plant commission and grade reconciliation. Spot gold price movements lift our price target from $0.21 to $0.22 with a Speculative Buy maintained.
To access the full report please log in under the Research Portal at the bottom of this page.
Argonaut’s Research Portal allows you to access Argonaut’s wealth of Research, as well as view the Morning Note, an overview of the Companies covered and the Team.
If you would like to access our research please contact us to create an account.
