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 develops and explores precious- and base-metal mining projects in Mato Grosso, Brazil, led by the Cabaçal Au-Cu-Ag project and the Santa Helena deposit. Company news commonly covers mineral resource updates, drilling results, preliminary licensing, feasibility-study work, and regional exploration across the Cabaçal, Jauru and Araputanga belts.
Updates also document corporate actions such as the completed conversion and name change to Meridian Mining Plc, governance-role changes, Brazilian subsidiary activity at Rio Cabaçal Mineração Ltda, mineral-right approvals by the Agência Nacional de Mineração, and disclosures tied to capital structure and operating results.
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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.