Meeka Metals Acquires Mount Holland South Gold Project for $20 Million
Meeka Metals has secured the Mount Holland South gold project for $20 million in cash and shares, signaling significant activity in the Forrestania gold belt. This acquisition allows Meeka to expand its gold exploration efforts amid rising gold prices and increased interest in the region.
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Meeka Metals (ASX:MEK) has acquired the Mount Holland South gold project for $20 million, consisting of $10 million in cash and shares valued at approximately $16.5 million. The deal involves two cash installments and follows Wesfarmers' sale of non-core gold assets.
The project spans 71 km² and includes plans for a 20,000m drilling program targeting previously identified deposits. Meanwhile, gold prices sit around US$4675/oz, with forecasts for H2 2026 adjusted to US$5200/oz. The acquisition highlights ongoing activity in the Forrestania gold belt, where numerous firms are pursuing gold opportunities as traditional nickel prices remain low.
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