Medallion Metals Ltd ( (AU:MM8) ) just unveiled an update.
Medallion Metals Ltd has received multiple proposals for offtake rights and funding up to $50 million for its Ravensthorpe-Forrestania development. The strong interest from potential partners indicates confidence in the project’s economic viability and the attractiveness of its copper-gold concentrate, which is expected to be highly sought after in a market currently in deficit. The company is progressing these proposals alongside its acquisition of Forrestania assets and a Bankable Feasibility Study, with the potential to secure foundational funding for the project’s development.
More about Medallion Metals Ltd
Medallion Metals Ltd is a company operating in the mining industry, focusing on the development of copper-gold concentrate from the Ravensthorpe-Forrestania sulphide development strategy. The company is engaged in the acquisition and development of mining assets, with a market focus on producing high-value copper-gold concentrates.
YTD Price Performance: 41.67%
Average Trading Volume: 689,160
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$80.83M
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