After-Tax NPV5 of USD 573 million, 58.4% IRR & 10.6 Month Payback Meridian Mining UK S is pleased to announce the positive results of the Preliminary Economic Assessment led by Ausenco Engineering Canada Inc. for the Cabaçal gold-copper deposit in Brazil . The PEA study confirms the economic potential of the project, positioning it as a promising growth opportunity for the company. Cabaçal 2023 PEA Highlights: Base case [...]
Another frontier for copper opens at Cabaçal, found hidden in BP archives Meridian Mining UK. S is pleased to provide an update on the uncovering of the most significant copper anomaly at the Cabaçal Project to date, and on its ongoing regional and near mine exploration programs. As a result of the ongoing digitisation and georeferencing of historical BP data, the most significant copper anomaly within the Cabaçal [...]
Meridian Mining UK S is pleased to announce the promotion and appointment of Mr. Martin McFarlane as the Company's President, effective immediately. Dr. Adrian McArthur, who has served as the Company's President since July 2020, will continue to serve as the Company's Chief Executive Officer and Director of the Company. In addition, Mr. James McLucas, Manager of Corporate Development since November 2021, has been [...]
Untested targets for further Cu-Zn-Au-Ag massive sulphide and feeder zones defined Meridian Mining UK. S is pleased to provide an update on its successful geophysical exploration programs within the Cabaçal mine corridor. Recently completed surface electromagnetic surveys have outlined multiple EM plates down dip from the high-grade Cu-Zn-Au-Ag massive sulphides of the Santa Helena deposit . An Induced Polarization survey [...]
CD-210 returns 26.8m @ 1.6g/t AuEq, including 4.5m @ 5.3g/t AuEq Meridian Mining UK. S is pleased to report the granting of the highly prospective Álamo exploration licence . Álamo hosts multiple open copper-gold soil geochemical targets, VTEM anomalies, and large alteration systems . Meridian's initial reconnaissance and field portable XRF readings have identified untested gossans associated with both BP soil survey [...]
Meridian Mining UK S , is pleased to announce that it has closed the brokered private placement previously announced on November 28, 2022 and December 7, 2022, for gross proceeds to the Company of C$5,862,549.70, pursuant to the terms of the agency agreement dated December 30, 2022 between the Company and the Agents . Pursuant to the Offering, Beacon Securities Limited, as lead agent and sole bookrunner on behalf of a [...]
Meridian Mining UK S , announces the voting results from the Company's General Meeting of Shareholders held on Friday, December 30, 2022 . A total of 73,819,095 common shares were voted, representing 40.39% of the Company's issued and outstanding common shares as at the record date of December 2, 2022. Each of the matters voted upon is discussed in detail in the Company's Management Information Circular dated December 2 [...]
Meridian Mining UK S , announces that it expects to close on approximately C$5.9 million of common shares at $0.35 per Common Share , an increase from the previously announced minimum size of C$3.25 million . The Offering may be further increased to the maximum permitted under the Listed Issuer Financing Exemption as originally announced. The Offering is led by Beacon Securities Limited , as lead agent and sole bookrunner [...]
Nov. 28, 2022 /CNW/ - Meridian Mining UK S , is pleased to announce that it has entered into an agreement with Beacon Securities Limited , as lead agent and sole bookrunner on behalf of a syndicate of agents , in connection with a best efforts private placement of 9,286,000 common shares of the Company at a price of $0.35 per Common Share for minimum gross proceeds to the Company of C$3,250,100 , and maximum gross [...]
Meridian Mining UK. S , is pleased to report further assays from drilling at the Cabaçal gold-copper VMS deposit . CD-205 has returned 54.9m @ 2.1g/t Au, 0.1% Cu & 0.5g/t Ag from 12.3m depth including 26.5m @ 4.2g/t Au, 0.1% Cu & 0.2g/t Ag from 14.0m depth within Cabaçal's Northwest Extension's high-grade zone . CD-205's broad gold zone hosts multiple veins with visible gold grading up to 73.6g/t Au. This result confirms [...]
Meridian Mining UK S is pleased to announce that the Company has filed a National Instrument 43-101 Technical Report entitled "Independent Technical Report, Mineral Resource Estimate for the Cabaçal VMS deposit, Cabaçal Project, State of Mato Grosso, Brazil" in support of the Company's news releases dated September 26, 2022 . There are no material differences in the NI 43-101 Technical Report from the information [...]
This press release replaces the press release disseminated October 19, 2022 at 6:15 AM ET. The press release contained incorrect information in the third bullet point under "Highlights Reported Today", as well as Figure 3 and Figure 3's caption. The corrected press release is below: CNWE's drills new intervals grading up to 70.1 g/t gold and 6.2 % copper Meridian Mining UK S , is pleased to report further assays from the [...]