Meeka Metals Limited updated Mineral Resource for the shallow, high-grade Turnberry deposit, part of the 100% owned Murchison Gold Project. The Turnberry Mineral Resource now stands at 10.6Mt @ 2.0g/t Au for 685k ounces. The Mineral Resource was prepared by independent technical experts RSC, and is based on 80,949m of drilling, including 5,952m of diamond drilling.

16,213m of this drilling, including 2,065m of diamond drilling, has been completed to 30 October 2022 (the cut-off date for inclusion) since the previous Turnberry Mineral Resource update in the June 2021 quarter. A further 21 drill holes (1,810m) were completed at Turnberry post the drilling cut- off date and were not included in this Mineral Resource update, however, will be included in subsequent updates. Turnberry is a shallow, high-grade deposit with no prior mining depletion.

The Turnberry Mineral Resource averages approximately 1,600 ounces per vertical metre from surface to a depth of 200m where the density of drilling reduces. The deposit has a strike length of 1.7km and remains open to the north, south and at depth. The potential for underground mining beyond an initial open pit is considered likely.

The near surface open pit constrained Mineral Resource is largely drilled out with approximately 20m by approximately 20m hole spacing and 64% is reported in the Indicated classification. This shallow high- grade oxide gold will form an important part of the Pre-feasibility Study, which is targeted for release in the June 2023 quarter.