Welcome to our dedicated page for Meridian Mining news (Ticker: MRRDF), a resource for investors and traders seeking the latest updates and insights on Meridian Mining stock.
Meridian Mining Plc (OTCQX: MRRDF), historically known as Meridian Mining UK Societas, generates a steady flow of news tied to its gold, copper, silver and zinc projects in Brazil’s State of Mato Grosso. Company releases highlight progress at the advanced stage Cabaçal VMS gold‑copper project, the Santa Helena Au‑Cu‑Ag & Zn project, and regional exploration targets such as Santa Fé, Cigarra, Sucuri South, Santa Helena North and Alvorada.
Investors following MRRDF news can read detailed updates on Cabaçal’s technical milestones, including the completion of extensive diamond drilling for the Definitive Feasibility Study, publication of the NI 43‑101 Pre‑Feasibility Study Technical Report, and the engagement of Ausenco do Brasil Engenharia Ltda. as lead engineer for the DFS. Releases also cover metallurgical testwork programs, permitting steps in Mato Grosso, and the transfer of key mining titles to the company’s Brazilian subsidiary, Rio Cabaçal Mineração Ltda.
Meridian’s news feed also reports on corporate developments such as the company’s conversion to Meridian Mining Plc, board and executive appointments, shareholder meeting results, and a non‑binding Letter of Intent with Aurubis AG for technical collaboration on Cabaçal’s future copper‑gold‑silver concentrates. Exploration‑focused updates describe drill results from Cabaçal, Santa Helena and regional prospects, as well as geophysical and geochemical surveys across the Cabaçal VMS belt and the Jaurú and Araputanga greenstone belts.
Stock Titan’s MRRDF news page aggregates these disclosures so readers can review project, exploration and corporate announcements in one place and track how Meridian’s Brazilian gold‑copper VMS belt strategy evolves over time.
Meridian Mining UK has filed an independent Preliminary Economic Assessment (PEA) for its Cabaçal gold-copper deposit in Brazil. The PEA highlights an after-tax NPV5 of USD 573 million with a 58.4% IRR based on gold prices at USD 1,650/oz. Additional scenarios show a spot case NPV5 of USD 745 million at current market prices. The project could generate USD 204 million in free cash flow in the first year, achieving capital payback in 10.6 months. The report emphasizes significant potential for future optimization and resource identification through ongoing drill programs.
Meridian Mining UK (OTCQB: MRRDF) has announced significant progress in its drill program at Cabaçal. Drill hole CD-240 intersected a remarkable high-grade copper zone, yielding 34.5m @ 5.3% CuEq and 12.8m @ 12.7% CuEq results. These findings mark the highest-grade copper interval ever recorded at Cabaçal, with peak assay grades reaching 17.9% Cu and 34.1 g/t Au. The feeder zone remains open for further exploration, with ongoing drilling expected to enhance the existing resource base. This outcome may contribute positively to future economic studies.
Meridian Mining UK has released a promising Preliminary Economic Assessment (PEA) for its Cabaçal gold-copper project in Brazil. Key findings include a base case after-tax NPV5 of $573 million and an impressive IRR of 58.4%. The project is expected to generate a first-year free cash flow of $204 million with a payback period of only 10.6 months. The PEA projects an average annual production of 131,100 ounces of gold over 22.3 years, alongside 353 million pounds of copper and 1.76 million ounces of silver. Future optimization studies aim to enhance economic returns by increasing throughput from 2.5Mt to ~4Mt.
Meridian Mining UK S (OTCQB: MRRDF) announced a significant copper anomaly discovery at its Cabaçal Project, specifically at the Alvorada location, with a peak copper stream threshold of 164 ppm Cu, surpassing previous anomalies. This discovery was made possible through digitization of historical BP data. The company will soon deploy a drill rig to the C2 Trend to explore further targets. Meridian's ongoing explorations, including its Preliminary Economic Assessment (PEA), are progressing as planned. The Cabaçal site has historical significance, having produced substantial amounts of copper, gold, silver, and zinc through past mining operations.
Meridian Mining UK S (OTCQB: MRRDF) has announced significant management changes, promoting Mr. Martin McFarlane to President and appointing Mr. James McLucas as Vice President of Corporate Development. McFarlane, with over 30 years in the resources sector, previously served as Head of Strategy. McLucas brings 15 years of investment banking experience, focusing on the mining industry. The company also granted stock options for 3,225,500 shares at C$0.50, exercisable for five years. The Board of Directors expressed confidence in the new leadership as they advance the Cabaçal project towards a Preliminary Economic Assessment (PEA).
Meridian Mining UK S (OTCQB: MRRDF) announced significant advancements at the Santa Helena deposit, part of its Cabaçal project. Following surface electromagnetic (EM) surveys, multiple untested geophysical targets have been identified, suggesting considerable upside potential for Cu-Zn-Au-Ag mineralization. The combined results from EM and induced polarization (IP) surveys highlight new sites for exploration, potentially enhancing the mine's prospect for open-pitable deposits. Meridian has outlined plans to resume drilling activities in the Cabaçal region after the holiday break, with an emphasis on confirming these new targets.
Meridian Mining UK S (OTCQB: MRRDF) announced the granting of the Álamo exploration licence, which unlocks a highly prospective area with significant copper-gold potential. This licence covers 9,813 Ha and is adjacent to the existing Cabaçal gold-copper deposit. Recent drill results from Cabaçal showed promising intersections, including 26.8m @ 1.6g/t AuEq and 4.5m @ 5.3g/t AuEq. The company is well financed with a recent capital raise of CAD 5.9M, enabling further exploration and drilling programs.
Meridian Mining UK S (TSX:MNO)(OTCQB:MRRDF) has completed a brokered private placement, raising C$5,862,549.70. The offering involved the sale of 16,750,142 common shares at C$0.35 each, with Beacon Securities Limited as the lead agent. Insiders purchased 3,007,142 shares, exempt from minority approval requirements. Proceeds will fund the Cabaçal Project Preliminary Economic Assessment, exploration, property payments, and general working capital. Executive Chairman Gilbert Clark expressed gratitude to shareholders for their support.
Meridian Mining UK S (OTCQB: MRRDF) announced the results of its General Meeting of Shareholders on December 30, 2022, where 73,819,095 common shares (40.39% of total shares) were voted. Key resolutions included authorizing the Board to allot shares and disapply pre-emptive rights, both receiving over 99% approval. Additionally, since October 1, 2022, Meridian has seen the exercise of 4,484,063 warrants, generating CAD $1.345 million for ongoing resource exploration and general working capital. Currently, 186,083,619 shares are outstanding.
Meridian Mining UK S (OTCQB:MRRDF) announced a significant increase in its private placement offering to approximately C$5.9 million from C$3.25 million, priced at $0.35 per common share. Led by Beacon Securities Limited, the offering includes a 6% cash commission and 3% compensation options for agents. Proceeds will fund the Cabaçal Project and general corporate costs. The offering's closure has been postponed to December 30, 2022 pending shareholder approval. Importantly, insider purchases could total up to 3,007,142 shares.