Significant New Discovery at St Anne's

Meeka Metals Limited (“Meeka” or “the Company”) is pleased to report assays from a further thirty-eight aircore holes drilled at St Anne’s, part of the 100% owned Murchison Gold Project, during July 2022.

The new results show broad zones of high-grade gold were intersected at the northern end of St Anne’s:

• 32m @ 16.07g/t Au from 48m including 16m @ 28.59g/t Au (22SAAC058)
• 20m @ 20.74g/t Au from 48m including 16m @ 24.86g/t Au (22SAAC061)

• Shallow aircore drilling has intersected exceptionally high-grade gold over significant widths at St Anne’s, 3.5km south of Turnberry (610,000oz @ 1.7g/t Au), at the 100% owned Murchison Gold Project, results include:
  • 32m @ 16.07g/t Au from 48m including 16m @ 28.59g/t Au (22SAAC058)
  • 20m @ 20.74g/t Au from 48m including 16m @ 24.86g/t Au (22SAAC061)
• Strong geological continuity is observed in surrounding holes to the south and below hole 22SAAC061 with quartz veining and coincident geochemical signature present at the expected depth – assays for these holes are pending.
• These results are located ~400m north of the broad, shallow intersections reported from St Anne’s in January and July 2022, including:
  • 32m @ 2.20g/t Au from 48m including 20m @ 3.31g/t Au (22SAAC009)
  • 32m @ 2.03g/t Au from 44m including 16m @ 3.59g/t Au (22SAAC018)
  • 28m @ 1.47g/t Au from 28m including 8m @ 3.46g/t Au (22SAAC005)
  • 24m @ 4.81g/t Au from 68m including 4m @ 20.30g/t Au (21SARC002)
  • 36m @ 1.02g/t Au from 24m including 8m @ 2.35g/t Au (21SARC004)
• Assays are pending for a further 3,614m of drilling from St Anne’s.
• Shallow drilling is now underway targeting the 400m untested zone between the northern and southern ends of St Anne’s.
• St Anne’s is yet to be included in the current Mineral Resource.

Commenting on these results, Meeka’s Managing Director Tim Davidson said: “The broad zones of shallow gold prevalent at St Anne’s continue to demonstrate the exceptional growth opportunity at our Murchison Gold Project. Pleasingly, these results also demonstrate the significant high-grade potential as we continue to grow the footprint of this large gold system.

Drilling is continuing at St Anne’s targeting the largely untested central area immediately along strike and to the south of these exceptional high-grade results.

We are also working toward the inclusion of St Anne’s in our next Mineral Resource update, targeted for the December 2022 quarter.”

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