Meridian Mining (MRRDF) Stock News

Meridian Mining (OTCQX: MRRDF) announced that Mato Grosso's CONSEMA council unanimously approved the Preliminary Licence (PL) for the Cabaçal Au-Cu-Ag project on October 29, 2025.

The decision follows SEMA's positive technical opinion based on the project's EIA/RIMA. The PL now moves to formal issuance via the State of Mato Grosso gazette, and Meridian said it is not aware of risks to gazetting. Meridian's Definitive Feasibility Study is advancing toward publication in 2026 and the Installation License application is progressing toward submission.

Meridian (OTCQX: MRRDF) completed the final phase of the Cabaçal DFS drill program on October 7, 2025, reporting multiple shallow, stacked Au-Cu-Ag intersections that will feed 2026 resource/reserve upgrades.

Key assay highlights include CD-760: 27.5m @ 1.9 g/t AuEq and 12.8m @ 4.9 g/t AuEq, CD-743: 24.5m @ 1.9 g/t AuEq, and CD-752: 32.2m @ 1.2 g/t AuEq. Greenfields drilling at Cigarra identified a 2.0 km VMS trend with initial results including 3.1m @ 0.5 g/t Au and 6.2 g/t Ag and peak assays of 1.5 g/t Au and 12.1 g/t Ag. Meridian reports ~CAD 60 million cash on hand and ongoing exploration drilling.

Meridian Mining (OTCQX:MRRDF) has reported significant drilling results from its Santa Helena Au-Cu-Ag & Zn project, with multiple high-grade intersections including CD-727 with 15.2m @ 7.4g/t AuEq and CD-719 with 8.4m @ 10.2g/t AuEq. The company also announced a new gold exploration frontier at Santa Fé, where sampling of the Aguapei Formation revealed gold mineralization with values up to 1.5g/t Au in channel samples.

The drilling program at Santa Helena continues to deliver strong results in the western sectors, with true widths approximately 85-95% of down-hole widths. The company has also expanded its regional exploration efforts, commencing drilling at the Cigarra Cu-Au prospect and identifying new potential in the Aguapei Formation, which has been a significant gold producer in the Alto Guaporé gold province.

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.