Meridian Mining Uk Societas Stock Price, News & Analysis

Meridian Mining (OTCQX: MRRDF) announced key management changes and project updates. The company appointed David Halkyard as Interim CFO, replacing Soraia Morais, and promoted Vitor Hugo de Sousa Belo to Chief Development Officer (CDO) to oversee the Cabaçal project development.

The company has completed its Definitive Feasibility Study (DFS) drill program at Cabaçal, executing 591 holes for 66,487m of diamond drilling. Additionally, Meridian achieved a significant milestone with the transfer of mining titles for the Cabaçal and Santa Helena projects to its Brazilian subsidiary, Rio Cabaçal Mineração Ltda (RCM). The company is progressing toward a decision to mine in 2027, with metallurgical testing underway at SGS Lakefield in Canada.

Meridian Mining (OTCQX:MRRDF) has reported significant drilling results from its Cabaçal Au-Cu-Ag VMS project, highlighted by hole CD-702 intersecting 28.6m @ 3.5g/t AuEq (2.6% CuEq) from 127.6m depth, including multiple high-grade copper zones with peak assays of 10.6% Cu and 11.0% Cu.

The company is nearing completion of its Definitive Feasibility Study (DFS) infill drilling program, with results expected to improve both grade and density modeling. Additionally, Meridian has been granted two new exploration licenses totaling 14,933 Ha, including the Alvorada copper prospect which shows the belt's strongest historical copper-in-stream geochemical value of 164ppm Cu.

The company continues to advance its regional exploration program across multiple prospects including Cigarra, Santa Fé, and Sucuri South, positioning Cabaçal to emerge as a premier gold-copper VMS belt in South America.

Meridian Mining UK S (OTCQX: MRRDF) held its Annual and Special Meeting of shareholders on June 24, 2025, with 43.11% of outstanding shares represented. Shareholders approved all proposed items, including the election of directors, with each nominee receiving over 98% approval.

Key approvals included the reappointment of auditors KPMG LLP and PKF Littlejohn LLP, adoption of a new Omnibus Incentive Plan, and authorization for share issuance. Notably, shareholders approved the company's planned conversion to a public limited company (PLC), including a capital reduction expected around July 23, 2025, and a name change to Meridian Mining PLC expected by August 31, 2025.

Meridian Mining (MRRDF) reports significant drilling results from its Santa Helena Au-Cu-Ag & Zn project, revealing multiple shallow high-grade mineralization intersections. Key findings include CD-660 with 11.6m @ 5.9g/t AuEq from 42.0m and CD-700 with 17.6m @ 3.6g/t AuEq from 4.6m. The company achieved its highest-grade bedrock gold intersection to date at Santa Helena, with 25.4g/t Au and 449.0g/t Ag in hole CD-701. The ongoing infill drill program aims to increase confidence in mineralization geometry and grade continuity, supporting a resource estimate planned for later this year. Additionally, Meridian is expanding exploration programs at Santa Fé, located 5km south of Santa Helena, where geochemical and IP anomalies show promising results.

Meridian Mining has made two significant announcements for its Cabaçal Au-Cu project in Brazil. First, the company has appointed Ausenco do Brasil to conduct the Definitive Feasibility Study (DFS), targeted for completion by end of 1H 2026. The project's Pre-Feasibility Study showed strong economics with an after-tax NPV5 of USD 984 million and 61.2% IRR from a pre-production capital cost of USD 248 million. Second, Meridian has signed a Letter of Intent with Aurubis AG, Europe's largest smelter group, to establish a technical partnership for optimizing Cabaçal's copper-gold-silver concentrates and creating a framework for future concentrate exports to Europe. This partnership will also help Meridian comply with EU Supply Chain Due Diligence requirements and potentially access European equity and project financing facilities.

Meridian Mining reports exceptional drilling results at its Cabaçal VMS project, highlighted by one of the highest-grade gold veins discovered to date. Key intercept CD-654 yielded 276 g/t Au over 0.46m within a broader zone of 9.9m @ 14.8g/t AuEq from 29.3m depth.

The drilling program revealed multiple stacked layers of gold-copper mineralization within Cabaçal's Pre-Feasibility Study pit shell. Notable results include CD-667's broad zone returning 38.6m @ 1.4g/t AuEq from just 13.4m depth. The Eastern Copper Zone (ECZ) and Central Copper Zone (CCZ) both demonstrated significant mineralization potential.

The company is preparing to advance its Definitive Feasibility Study (DFS) with core samples being sent to a Canadian laboratory for metallurgical testing, including mini-pilot plant tests to generate concentrate samples for marketing purposes. These results will be incorporated into future resource and reserve calculations.

Meridian Mining (OTCQX:MRRDF) has announced significant drilling results at its Santa Helena Au-Cu-Ag & Zn deposit. The key highlight is drill hole CD-651, which intercepted 33.4m @ 2.0g/t AuEq (1.4% CuEq), including 13.1m @ 4.2g/t AuEq (2.8% CuEq) from shallow depths.

Additional notable results include CD-655 returning 9.9m @ 5.6g/t AuEq (3.7% CuEq) from 3.8m in the mine area infill drilling. The company has also discovered a new 2,200m copper-gold soil anomaly at Santa Fé, located 5km southeast of Santa Helena, with peak values of 547 ppm Cu, 2539 ppm Pb, 1135 ppm Zn, and 65 ppb Au.

The western extension of Santa Helena remains open for further exploration, and the company has revised its timeline for mineral resource estimation to H2 2025. Metallurgical studies are ongoing to optimize metal recovery from various geometallurgical domains.

Meridian Mining has reported significant drilling results from its Cabaçal Cu-Au-Ag VMS project. The highlights include impressive intersections such as CD-639 yielding 20.9m @ 6.5g/t AuEq (4.4% CuEq) from 95.3m depth, including 7.1m @ 9.2g/t AuEq.

The drilling program has confirmed multiple stacked layers of mineralization across different zones: the Eastern Copper Zone (ECZ), Central Copper Zone (CCZ), and Southern Copper Zone (SCZ). Notable results include high-grade gold mineralization of up to 56.7g/t Au in the SCZ.

The company recently completed a CAD 17.2M capital raise and is advancing towards the final phases of Cabaçal's Pre-Feasibility Study (PFS). The ongoing infill drilling program is expected to conclude in the first half of the year, focusing on areas where historical data has been lost.

Meridian Mining (TSX:MNO, OTCQX:MRRDF) has announced the filing of its independent Pre-Feasibility Study (PFS) technical report for the Cabaçal Gold-Copper-Silver Project in Mato Grosso, Brazil. The report, effective March 10, 2025, confirms there are no material differences from the previously released news announcement.

The PFS Technical Report was prepared by a team of qualified experts from various consulting firms including Ausenco Engineering Canada ULC, GE21 Consultoria Mineral, and Flowsheets Metallurgical Consulting Inc. The comprehensive report includes details about Mineral Resources, Mineral Reserves, and the life-of-mine plan.