Medallion Metals Ltd ( (AU:MM8) ) has provided an update.
Medallion Metals Ltd has announced a significant advancement in its Ravensthorpe Gold Project with the approval of the pathway under the Environment Protection and Biodiversity Conservation Act 1999. The decision represents a positive step for the company’s development strategy, as it continues to move towards a final investment decision. The regulatory process is expected to progress with additional data submissions in March 2025, aiming for a decision in the third quarter of the year. This development is critical for the timeline of the project’s commencement, pending other necessary approvals and negotiations.
More about Medallion Metals Ltd
Medallion Metals Ltd is an Australian company engaged in the mining industry, focusing on the development of gold projects. The company is primarily involved in the exploration and development of its Ravensthorpe Gold Project, with a sulphide development strategy that includes mining at Ravensthorpe and processing at Forrestania.
YTD Price Performance: 8.33%
Average Trading Volume: 482,360
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$53.22M
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