UNLOCKING THE MURCHISON REGION

WHEN MEEKA METALS POURED FIRST GOLD AT THE MURCHISON PROJECT IN WA IN JULY, IT SIGNALLED THE COMPANY'S TRANSITION FROM DEVELOPER TO PRODUCER.

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While commodities such as lithium and nickel continue to face cyclically low prices, gold is only getting stronger.

Long viewed as a 'safe-haven' asset, gold reached an all-time price high of $US3500 ($5373) per ounce in April amid global uncertainty stemming from trade tensions between the US and China.

In its June report, 'Gold 2025 Midyear Outlook: A High(er) for Long(er) Gold Price Regime', State Street Investment Management outlined a bullish outlook where gold may hit $US4000 per ounce.

"Even if global trade tensions moderate, our base case forecast suggests gold can sustain record price levels between $US3100-3500 per ounce this year," State Street Investment Management said. "Our bull case scenario (30 per cent probability) sees gold approaching $US4000 per ounce over the next six to nine months under certain macroeconomic conditions, including stagflation and accelerated de-dollarisation."

The report's forecast coincides with Meeka Metals transforming from a gold explorer and developer to a gold producer.