Medallion Metal Ltd
AASX:MM80.38
AUD
-0.02
(-6.17%)
Medallion Metal Ltd
ASX:MM8
(Australian Securities Exchange)
Recent
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0.38
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div
yld
- -
ROIC.AI
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- Business
- Medallion Metals Limited is a gold and copper mining and exploration company headquartered in West Perth, Western Australia, focused on developing standalone mining operations in the region. Its core assets include the flagship Ravensthorpe Gold Project (RGP) and the Jerdacuttup Project, both 100% owned and located at the strategic intersection of the Southern Cross greenstone belt and the Albany Fraser Orogen approximately 500-550 km southeast of Perth. The company’s main products and services comprise the exploration, development, and production of gold and copper, with a focus on sulphide mineral resources. The Ravensthorpe Gold Project, the centerpiece of its operations, targets annual production of around 85,000 ounces of gold and 1,800 tonnes of copper, equivalent to about 92,000 ounces of gold annually, projected over a nine-year mine life according to its 2023 Prefeasibility Study (PFS). Medallion’s broader strategy involves resource growth, near-mine exploration, and regional discoveries to extend mine life and production rates. Recently, Medallion Metals has advanced a transformational strategic development by entering exclusive negotiations and later acquiring critical assets from IGO Limited’s Forrestania Nickel Operation (FNO), including the Cosmic Boy Process Plant and related infrastructure, accelerating the commencement of gold mining activities at Ravensthorpe under a sulphide gold development scenario. This acquisition, valued at AUD 15 million, complements the company’s production capabilities by reducing capital expenditure, mitigating operational risks, and streamlining permitting processes. In 2025, Medallion secured a $27.5 million institutional placement to fund pre-development activities, bankable feasibility studies, permitting, and working capital, positioning it strongly for a Final Investment Decision targeted in late 2025. Additional operational highlights include significant sulphide resource increases, receipt of key permitting milestones, an expanded leadership team, and ongoing high-grade gold and copper exploration results at the Kundip Mining Centre within RGP. Medallion Metals operates primarily within Australia’s mining sector targeting gold and copper markets, leveraging its regional expertise and infrastructure to build what it aims to be Western Australia’s next long-life, low-cost gold and copper producer. The company also holds a 15.1% stake in NickelSearch Limited, a nickel explorer listed on the ASX. Founded in 2016, Medallion Metals advances its projects with a focus on sustainable mining practices and capital-efficient development, supported by strong institutional backing and exploration upside in historically prolific gold-producing greenstone belts in Western Australia. The Forrestania asset acquisition and ongoing resource development underscore its strategic growth ambition and pathway to production.
Company News
FY26 Group production guidance delivered, record cashflow and maiden dividend proposed
Rekordhög kvartalsproduktion och operativt kassaflöde
Record quarterly production & operational cash build