Meeka Metals (MEK) investor relations material

Capital structure and ownership

• Share price at $0.225 as of 11 February 2026, with a market cap of $663 million and 2,946 million shares outstanding.

• Enterprise value stands at $596 million, with $67 million in cash and gold and no debt as of 31 December 2025.

• Ownership is split between 49% institutional holders, 5% board and management, and 46% other holders.

Leadership and management

• Board and management have invested $4 million and have significant experience in mining and finance.

• Key executives include a chartered accountant chairman, experienced mining engineers, and a seasoned CFO.

• Management team has a track record of developing and operating successful gold mines in Western Australia.

Project overview and production profile

• Murchison Gold Project has a 1.2Moz resource at 3.0g/t gold and 400koz ore reserve at 3.1g/t gold.

• Base case projects average annual gold production of 65koz for the first 7 years, peaking at 76koz.

• Life of mine average grade is 3.0g/t, with all-in sustaining costs of $1,946/oz and all-in costs of $2,211/oz.

• Pre-tax free cash flow projected at $701 million, post-tax at $507 million; NPV8% (post-tax) is $304 million.