Medallion Metals Ltd (AU:MM8) has released an update.
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Medallion Metals Limited has released promising results from its initial Scoping Study for the Ravensthorpe Gold Project, highlighting its potential to generate strong cashflows with an estimated pre-tax free cash flow of up to $637 million. The project, which involves leveraging existing infrastructure at Forrestania, aims for rapid gold and copper production with a payback period as short as nine months. With ongoing negotiations and environmental approvals underway, Medallion is poised for potential near-term growth in the gold-copper market.
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