Geomechanics.io

  • Free Tools
Sign UpLog In
Built byBoxcut Studio

Geomechanics.io

Geomechanics, Streamlined.

© 2026 Geomechanics.io. All rights reserved.

Geomechanics.io

CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsBlogLatest Industry News

Industries

MiningConstructionTunnelling

Company

Terms of UsePrivacy PolicyLinkedIn
    Projects
    Contract Award

    Meridian London listing: Cabaçal capex, NPV and schedule explained for mine planners

    April 28, 2026|

    Reviewed by Tom Sullivan

    Meridian London listing: Cabaçal capex, NPV and schedule explained for mine planners

    First reported on MINING.com

    30 Second Briefing

    Gold-copper explorer Meridian Mining plans to list on the London Stock Exchange’s main market on 1 May under ticker MNO, raising about £25 million at 92 pence per share in a dual listing fully fungible with its TSX stock. Proceeds, combined with existing cash of £55.1 million, will fund long-lead equipment, infrastructure and civil works at the Cabaçal open-pit project in Mato Grosso, which has a 2025 PFS showing a US$984 million NPV (5%), 61% post-tax IRR and 141,000 oz/y gold-equivalent output over 10 years. Permitting is advanced with a preliminary licence granted, and a definitive feasibility study is targeted for Q4 ahead of a construction decision.

    Technical Brief

    • Initial capex for Cabaçal is estimated at US$248 million, with a projected 17‑month payback.
    • Prefeasibility work assumes a shallow open‑pit exploiting favourable strip ratios for rapid, low‑complexity mining.
    • All‑in sustaining costs are projected at US$742/oz AuEq over the 10‑year mine life.
    • Cabaçal lies ~1,700 km north‑west of Rio de Janeiro, implying long overland logistics for equipment and consumables.
    • A key preliminary environmental licence was secured in 2025, de‑risking the subsequent construction permitting pathway.
    • Regional exploration covers a 50‑km VMS belt, with Santa Helena prioritised as the next development‑stage satellite deposit.
    • Hub‑and‑spoke development across adjacent greenstone belts could leverage shared processing and infrastructure, lowering unit capital intensity.

    Our Take

    With a post-tax IRR of 61% and a 17‑month payback on the Cabaçal gold‑copper project, Meridian Mining screens as one of the higher‑margin Latin American copper‑gold entries in our Mining database, which is likely to attract UK institutions looking for growth exposure rather than replacement‑grade assets.

    The planned London Stock Exchange listing, at a modest discount to the TSX price, positions Meridian alongside a relatively small cohort of Brazil‑focused copper and gold names in Europe, giving UK investors direct leverage to Mato Grosso geology rather than the more common Andean copper stories in our coverage.

    Geotechnical Software for Modern Teams

    Centralise site data, logs, and lab results with GEODB-io, CMRR-io, and HYDROGEO-io.

    No credit card required.

    • Save and export unlimited calculations
    • Advanced data visualisation
    • Generate professional PDF reports
    • Cloud storage for all your projects

    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

    Related Articles

    Mining
    about 15 hours ago

    Bradken SmartRoller™ for excavators: reliability and maintenance insights for engineers

    Bradken has launched Bradken SmartRoller™, a digital system that continuously monitors excavator undercarriage roller temperature in real time via remote sensing. By tracking temperature trends as a proxy for wear progression and issuing early alerts, the system allows operators to schedule proactive roller replacement rather than waiting for failure. The approach targets higher excavator uptime, more stable undercarriage performance and lower lifecycle costs for high-hour fleets in abrasive conditions.

    MAV2205 shaft–hub locking devices: bending load insights for conveyor engineers
    Mining
    about 15 hours ago

    MAV2205 shaft–hub locking devices: bending load insights for conveyor engineers

    MAV2205 shaft–hub locking devices are being engineered specifically for mining conveyor pulleys where high belt tensions and heavily loaded drive or bend drums impose severe bending loads on the pulley shaft, not just torque. By clamping concentrically along the shaft–hub interface, the unit spreads bending stresses more evenly than traditional keyed or welded connections, reducing local stress concentrations that initiate fatigue cracks. For designers and maintenance teams, this supports longer pulley service life, fewer unplanned shutdowns and more predictable performance in high-tension conveyor duty.

    Regis wins McPhillamys court challenge: approvals reset and design notes for mine planners
    Mining
    about 15 hours ago

    Regis wins McPhillamys court challenge: approvals reset and design notes for mine planners

    Regis Resources has won a Federal Court challenge over its McPhillamys gold project in New South Wales, with the court declaring invalid a Commonwealth heritage protection declaration that had halted development. The 14 October ruling sends the project back to federal Environment Minister Murray Watt for redetermination, reopening the approvals pathway for the planned open-pit operation near Blayney. Geotechnical and mine planning teams can now resume work on pit design, waste rock emplacement and associated infrastructure, pending any new heritage conditions.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    Construction

    Quality control software for construction companies with material testing, batch tracking, and compliance management.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.

    AllGeotechnicalInfrastructureHazardsEnvironmental