MNO.TO · 2023-06-28 12:00:00

Meridian Announces Results of Annual and Special Meeting of Shareholders

Shareholder Meetings

8th Floor, 4 More London Riverside | London SE1 2AU| United Kingdom

LONDON, United Kingdom, June 28, 2023 / Accesswire / Meridian M ining UK S (TSX: MNO) (OTCQX:

MRRDF) (Frankfurt/Tradegate: 2MM) (“Meridian” or the “Company”) announces the voting results from

the Company’s Annual and Special Meeting of Shareholders held on Wednesday, June 28, 2023 (the

“Meeting”). A total of 95,876,288 co mmon shares were voted, re presenting 40.00% of the Company’s

issued and outstanding common shares as at the record date of May 16, 2023. Each of the matters voted

upon is discussed in detail in the Company’s Management Information Circular dated May 24, 2023, which

can be found under the Company’s profile on SEDAR at www.sedar.com

Shareholders of the Company voted in favor of all the items of business before the Meeting, including the

election of Directors of the Company to serve until the close o f the next annual meeting of shareholders

of the Company, or until their successors are elected or appointed.

The percentage of votes cast by shareholders of the Company at t h e M e e t i n g , f o r e a c h D i r e c t o r i s a s

follows:

Nominee Votes For % For Votes

Withheld

% Withheld

Adrian McArthur (Executive) 95,866,888 99.99 9,400 0.01

Gilbert Clark (Executive) 94,537,256 98.60 1,339,032 1.40

John Skinner (Non‐executive) 95,866,888 99.99 9,400 0.01

Susanne Sesselmann (Non‐executive) 95,864,888 99.99 11,400 0.01

Prior to the Meeting, Mr. Charles Riopel removed his name for consideration for election as a Director of

the Company and the resolution concerning his re‐election was w ithdrawn as a result. Existing Director

Mr. Mark Thompson also did not stand for re‐election. The Directors of the Company would like to thank

both Mr. Riopel and Mr. Thompson sincerely for all the time and efforts spent in strongly contributing to

the development of the Company over the past years and wish the m all the best in their future

endeavours. The Company plans to fill the vacancies on the Board of Directors again in due course.

In addition, shareholders approved the following matters submitted before the Meeting:

1. Re‐appointment of KPMG LLP, Chartered Professional Accountants, as the Company’s auditors for

the ensuing year at the remuneration to be fixed by the directors of the Company;

2. Appointment of PKF Littlejohn LLP as the Company’s auditors in the United Kingdom for the

ensuing year and the directors of the Company were authorized to fix the auditor’s remuneration;

3. Approval of the Company’s UK 2022 Annual Accounts;

4. Authorization to the Board pursuant to section 551 of the Unite d Kingdom Companies Act 2006

(the "Act") and Statute 5.5 of the Company’s Articles to allot shares in the capital of the Company;

and

5. Approval by special resolutions authorizing the Board to disapp ly pre‐emptive rights pursuant to

the Act.

No other business was put forth before the Meeting.

Additional details of the results of the Meeting will be provid ed in a Report of Voting Results to be filed

under the Company’s profile on SEDAR at www.sedar.com.

The Company also announces that Mr. Gilbert Clark stepped down from his role as Executive Chairman of

the Company. For the past few years, Mr. Clark has been a key cornerstone in managing the development

of Meridian Mining UK S and his efforts in this regard cannot b e overemphasized. The Board of Directors

expresses its sincere thanks for that.

ABOUT MERIDIAN

Meridian Mining UK S is focused on:

 The development and exploration of the advanced stage Cabaçal VMS gold‐copper project;

 Regional scale exploration of the Cabaçal VMS belt;

 Exploration in the Jaurú & Araputanga Greenstone belts (the abo ve all located in the State of

Mato Grosso, Brazil); and

 Exploring the Espigão polymetallic project in the State of Rondônia, Brazil.

Cabaçal is a gold‐copper‐silver rich VMS deposit with the poten tial to be a standalone mine within the

50km VMS belt. Cabaçal’s base and precious metal‐rich mineraliz ation is hosted by volcanogenic type,

massive, semi‐massive, stringer, and disseminated sulphides within deformed metavolcanic‐sedimentary

rocks. A later‐stage sub‐vertical gold overprint event has emplaced high‐grade gold mineralization cross‐

cutting the dipping VMS layers.

The Cabaçal Mineral Resource est imate consists of Indicated res ources of 52.9 million tonnes at 0.6g/t

gold, 0.3% copper and 1.4g/t silver and Inferred resources of 1 0.3 million tonnes at 0.7g/t gold, 0.2%

copper & 1.1g/t silver (at a 0.3 g/t gold equivalent cut‐off gr ade), including a higher‐grade near‐surface

zone supporting a starter pit.

The Preliminary Economic Assessment technical report (the “PEA Technical Report”) dated March 30,

2023, entitled: "Cabaçal Gold‐Copper Project NI 43‐101 Technical Report and Preliminary Economic

Assessment, Mato Grosso, Brazil” outlines a base case after‐tax NPV5 of USD 573 million and 58.4% IRR

from a pre‐production capital cost of USD 180 million, leading t o c a p i t a l r e p a y m e n t i n 1 0 . 6 m o n t h s

(assuming metals price scenario of USD 1,650 per ounces of gold, USD 3.59 per pound of copper, and USD

21.35 per ounce of silver). Cabaçal has a low All‐in‐Sustaining‐Cost of USD 671 per ounce gold equivalent

for the first five years, driven by high metallurgical recovery , a low life‐of‐mine strip ratio of 2.1:1, and

the low operating cost environment of Brazil (see press release dated March 6, 2023).

Readers are encouraged to read the PEA Technical Report in its entirety. The PEA Technical Report may

be found on the Company's website at www.meridianminig.co and under the Company's profile on

SEDAR at www.sedar.com.

The qualified persons for the PEA Technical Report are: Robert Raponi (P. Eng), Principal Metallurgist with

Ausenco Engineering), Scott Elfen (P. E.), Global Lead Geotechn ical and Civil Services with Ausenco

Engineering), Simon Tear (PGeo, EurGeol), Principal Geological Consultant of H&SC, Marcelo Batelochi,

(MAusIMM, CP Geo), Geological Consultant of MB Geologia Ltda, Joseph Keane (Mineral Processing

Engineer; P.E), of SGS, and Guilherme Gomides Ferreira (Mine Engineer MAIG) of GE21 Consultoria

Mineral.

On behalf of the Board of Directors of Meridian Mining UK S

Dr. Adrian McArthur

CEO and Director

Meridian Mining UK S

Email: [email protected]

Ph: +1 (778) 715‐6410 (PST)

Qualified Person

Dr. Adrian McArthur, B.Sc. Hons, Ph.D. FAusIMM., CEO and Direct or of Meridian as well as a Qualified

Person as defined by National Instrument 43‐101, has reviewed a nd verified the technical information in

this news release.

Stay up to date by subscribing for news alerts here: https://meridianmining.co/contact/

Follow Meridian on Twitter: https://twitter.com/MeridianMining

Further information can be found at: www.meridianmining.co

FORWARD‐LOOKING STATEMENTS

Some statements in this news release contain forward‐looking information or forward‐looking statements

for the purposes of applicable securities laws. These statements address future events and conditions and

so involve inherent risks and un certainties, as disclosed under the heading "Risk Factors" in under the

heading "Risk Factors" in Meridian's most recent Annual Information Form filed on www.sedar.com.

While these factors and assumptions are considered reasonable b y Meridian, in light of management’s

experience and perception of current conditions and expected developments, Meridian can give no

assurance that such expectations will prove to be correct. Any forward‐looking statement speaks only as

of the date on which it is made and, except as may be required by applicable securities laws, Meridian

disclaims any intent or obligation to update any forward‐lookin g statement, whether as a result of new

information, future events, or results or otherwise.

← Back to feed