Meridian Mining Uk Societas Stock Price, News & Analysis

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.

Meridian Mining has successfully closed its oversubscribed non-brokered private placement, raising CAD 17.2 million through the issuance of 44,187,432 common shares at CAD 0.39 per share. Company insiders participated by purchasing 279,744 shares, constituting a related party transaction exempt from formal valuation requirements as it was below 25% of market capitalization.

The proceeds will be used to advance the Cabaçal Au-Cu-Ag VMS project in Brazil, specifically for PFS advancement, FS initiation, resource exploration activities, and working capital. The issued shares are subject to a four-month hold period until June 20, 2025, pending final Toronto Stock Exchange approval.

Meridian Mining has announced an increase in its non-brokered private placement from CAD 10M to CAD 17M due to substantial interest. The company will issue up to 43,589,744 Common Shares at CAD 0.39 per share.

The net proceeds will be used to advance Cabaçal's PFS, initiate the FS and related programs, resource and exploration activities of the Cabaçal Au-Cu-Ag VMS belt, regional targeting, and working capital. Finder's Fees may apply to a portion of the placement.

The Private Placement is expected to close during the week of February 17, 2025, subject to regulatory approvals including Toronto Stock Exchange acceptance. Securities issued will have a four-month hold period under Canadian securities laws.