Meridian Mining Uk Societas Stock Price, News & Analysis

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.

Meridian Mining has announced positive results from the Cabaçal Pre-Feasibility Study (PFS), revealing exceptional economics for its gold-copper-silver deposit in Brazil. The study demonstrates a base case after-tax NPV5 of USD 984 million with a 61.2% IRR, and a spot case NPV5 of USD 1.41 billion with 79.5% IRR.

The project establishes a strong mid-tier production profile with average annual production of 141,000 AuEq ounces over 10 years, including first 5 years production of 178,000 AuEq ounces annually. The operation features low All-In-Sustaining-Costs of USD 742/oz AuEq and initial CAPEX of USD 248 million.

The maiden Cabaçal reserve stands at 41.7Mt at 0.63g/t Au, 0.44% Cu and 1.64g/t Ag, with 89% in the proven category. The project demonstrates strong value with NPV5/Capex ratio of 3.97 and initial capital repayment in 17 months.

Meridian Mining has reported significant drilling results from its Cabaçal Cu-Au-Ag VMS project. Key highlights include intercepts of 20.9m @ 6.5g/t AuEq (4.4% CuEq) from CD-639, 26.6m @ 2.6g/t AuEq (1.8% CuEq) from CD-636, and 7.3m @ 5.9g/t AuEq (4.0% CuEq) from CD-606.

The drilling program has confirmed multiple stacked layers of VMS mineralization with high-grade Au-Cu-Ag content. Notable results include a gold-dominant zone grading up to 56.7g/t Au. The company recently completed a CAD 17.2M capital raise and is focusing on advancing Cabaçal's and Santa Helena's resource development program in 2025.

The drilling campaign is in its final phases of Pre-Feasibility Study (PFS), with ongoing infill drilling expected to conclude in the first half of the year. The program aims to consolidate information where historical data has been lost and contribute core samples for definitive feasibility study metallurgy.