Meeka Metals Lands 270koz Gold Resource at Mt Holland With All Deposits Open at Depth
Key Takeaways
- Meeka Metals (ASX: MEK) has declared an initial JORC 2012-compliant Mineral Resource of 270,000oz at 2.4g/t Au across three deposits at its Mt Holland project in Western Australia's Yilgarn Craton.
- All three deposits — Blue Vein, Bushpig, and Razorback — remain open at depth, with Blue Vein drilled to only ~150m compared to the analogous Bounty mine which produced gold to 1,000m just 5km away.
- The 71km² tenure package has seen no significant gold-focused exploration for approximately 15 years, leaving 24km of prospective BIF strike largely untested beyond the three known deposits.
- Mid-90% metallurgical recovery has been demonstrated via conventional gravity and CIL processing, removing a key technical risk for future development studies.
- A systematic 12-18 month drill programme is planned to test depth extensions and infill targets, with the CEO explicitly stating the ground is expected to carry a far larger gold endowment than currently defined.
Meeka Metals delivers 270,000oz gold resource at Mt Holland
Meeka Metals (ASX: MEK) has announced an initial JORC 2012-compliant Mineral Resource of 270,000oz @ 2.4g/t Au at its Mt Holland project, located 375km east of Perth in the Southern Cross Province of the Yilgarn Craton, Western Australia’s Forrestania greenstone belt. Critically, all three deposits within the resource remain open at depth, meaning this figure represents a starting point rather than a ceiling.
Tim Davidson, Managing Director and CEO
“This initial resource is a good start and we believe the ground has a far larger gold endowment than presently defined. Having historically produced ~1.2Moz at 5g/t gold, this fertile Archaean greenstone belt presents a compelling growth opportunity for us which we can systematically drill over the coming 12-18 months.”
The resource is comprised of three deposits (Blue Vein, Bushpig, and Razorback), underpinned by approximately 90km of shallow historic drilling, with all deposits remaining open at depth and considered likely to grow significantly with further work.
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Mt Holland resource breakdown
The table below summarises the JORC 2012 Mineral Resource as reported in Table 1 of the ASX announcement dated 16 September 2026.
| Deposit | Type | Cut-off (g/t Au) | Indicated Tonnes (kt) | Indicated Grade (g/t) | Indicated Oz (koz) | Inferred Tonnes (kt) | Inferred Grade (g/t) | Inferred Oz (koz) | Total Tonnes (kt) | Total Grade (g/t) | Total Oz (koz) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Blue Vein | OP | 0.5 | 1,030 | 2.0 | 70 | 1,150 | 2.1 | 80 | 2,180 | 2.1 | 150 |
| Blue Vein | UG | 1.0 | 480 | 2.4 | 40 | 1,450 | 2.8 | 130 | 1,930 | 2.7 | 170 |
| Blue Vein Total | 1,510 | 2.3 | 110 | 2,060 | 2.4 | 160 | 3,570 | 2.5 | 250 | ||
| Bushpig | OP | 0.5 | — | — | — | 220 | 1.6 | 10 | 220 | 1.6 | 10 |
| Razorback | OP | 0.5 | — | — | — | 220 | 1.6 | 10 | 220 | 1.6 | 10 |
| Total | 1,510 | 2.3 | 110 | 2,060 | 2.4 | 160 | 3,570 | 2.4 | 270 |
Key parameters underpinning the resource:
- Blue Vein open pit: 0.5g/t Au cut-off, constrained within an A$2,600/oz optimised pit shell
- Blue Vein underground: 1.0g/t Au cut-off, constrained within MSO (Mineable Stope Optimisation) wireframes
- All three deposits remain open at depth
- Mid-90% metallurgical recovery demonstrated via conventional gravity and CIL (Carbon-in-Leach) processing
Why the Yilgarn Craton matters for gold investors
The Southern Cross greenstone belt within the Archaean Yilgarn Craton is approximately 2.9 billion years old. It is considered one of the world’s premier gold provinces. The Southern Cross Province, where Mt Holland sits, forms part of this broader craton and has an established history of significant gold production.
At Mt Holland, gold mineralisation is hosted within Banded Iron Formation (BIF) units. BIF refers to layered sedimentary rock sequences rich in iron minerals. When gold-bearing hydrothermal fluids migrate through a geological system, the iron-rich chemistry of BIF units causes gold to precipitate out of solution and concentrate within the rock. This makes BIF-hosted systems particularly attractive exploration targets, as the iron units act as a natural chemical trap for gold.
Meeka’s 71km² tenure covers approximately 24km of north-south striking BIF units. The analogue for scale here is the Bounty gold mine (not owned by Meeka), located just 5km north of Blue Vein. Bounty produced approximately ~1.2Moz @ 5.12g/t Au to a depth of 1,000m and remains open at depth. The Blue Vein deposit displays similar characteristics to Bounty and sits within the same structural setting, reinforcing the geological case for resource growth at depth.
Growth runway: what comes next for MEK
This 270,000oz resource is explicitly an initial estimate, and the announcement identifies multiple levers that could drive material growth.
- Depth extensions across all three deposits. Blue Vein has been drilled to an average depth of only approximately 150m, while the analogous Bounty mine produced gold to 1,000m. Bushpig and Razorback are also open at depth.
- Infill drilling at Bushpig and Razorback. Both deposits are classified as drill-limited. Bushpig has wide drill spacing ranging from 25m to 100m along strike, while Razorback has drill spacing ranging from 15m to 80m along strike. Infill drilling alone could materially upgrade resource confidence and ounces.
- Fifteen years of minimal gold-focused exploration. No significant gold-focused exploration has been conducted on Meeka’s Mt Holland tenure in the past approximately 15 years, meaning the 71km² package carries meaningful discovery upside beyond the three known deposits.
- Systematic 12-18 month drill programme. As stated by CEO Tim Davidson, a systematic programme is planned across this period to test the resource’s growth potential.
Third-party estimates provide independent validation of the geological model. Mining Plus (2020) derived 261koz and ERM Australia Consultants (2025) derived 235koz for the same deposits, both broadly consistent with the current JORC-compliant MRE.
The district produced approximately ~1.2Moz at 5.12g/t Au from the Bounty mine prior to 2001, when operations ceased due to a low gold price environment of approximately ~$500/oz. Meeka’s current 270koz at 2.4g/t across a largely unexplored package positions this initial resource as a foundation, not a conclusion.
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About Meeka Metals
Meeka Metals (ASX: MEK) is a Western Australian gold explorer and developer operating across two projects: Mt Holland in the Southern Cross Province and its existing Murchison Gold Project. The company’s JORC 2012 Mineral Resource was prepared by Competent Person Mr James Lawrence, a full-time employee of the company and a member of the Australasian Institute of Mining and Metallurgy.
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