Meridian Mining's Next Big Catalyst: Financing Cabaçal

Meridian Mining's Cabaçal DFS ($2B+ NPV, 108% IRR) has drawn ~40 smelter/trader groups, targeting 2029 free cash flow.

• DFS economics: Cabaçal's feasibility study shows after-tax NPV above $2 billion and 108% IRR, driving a 20-30% stock pop on announcement.
• Timeline to cash flow: Dry ramp-up targeted end of 2028, wet ramp-up soon after, with free cash flow expected in 2029.

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