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Medallion Metals Ltd ( (AU:MM8) ) has issued an announcement.
Medallion Metals Limited has announced a significant strategic move by acquiring the Forrestania Nickel Operation from IGO Limited, aiming to create a regional processing hub for its Ravensthorpe Gold Project. This acquisition is expected to streamline production processes, reduce development timeframes, and minimize environmental impact by utilizing existing infrastructure. Additionally, the company has reported promising assay results from its Ravensthorpe project and secured financial backing from Trafigura Pte Ltd to further support its development plans.
The most recent analyst rating on (AU:MM8) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Medallion Metals Ltd stock, see the AU:MM8 Stock Forecast page.
More about Medallion Metals Ltd
Medallion Metals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary products include gold and copper, with a market focus on enhancing production capabilities and expanding its resource base.
Average Trading Volume: 1,389,970
Technical Sentiment Signal: Buy
Current Market Cap: A$257.6M
See more insights into MM8 stock on TipRanks’ Stock Analysis page.