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Medallion Metals Ltd ( (AU:MM8) ) has issued an announcement.
Medallion Metals has completed the Feasibility Study for its Ravensthorpe Gold Project, confirming the technical robustness and strong economics of processing Ravensthorpe ore through the Forrestania infrastructure, with forecast production of 374,000 ounces of gold and 15,000 tonnes of copper over an initial 5.7-year mine life and rapid post-tax payback. During the December quarter the company also raised $60 million to strengthen its balance sheet, advanced permitting, mine planning and key procurement such as the ball mill, prepared and commenced a substantial drilling program at the Kundip Mining Centre to convert resources and extend deposits, and continued progressing the acquisition of the Forrestania Nickel Operation from IGO, a transaction that underpins its integrated, capital-efficient pathway from developer to producer.
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 an Australian gold and copper developer focused on advancing the Ravensthorpe Gold Project in Western Australia. The company’s strategy centres on integrating ore from its Kundip Mining Centre at Ravensthorpe with existing processing infrastructure at Forrestania, aiming to establish a low-capital, long-life production hub in a proven mining district.
Average Trading Volume: 1,421,360
Technical Sentiment Signal: Buy
Current Market Cap: A$405.6M
For a thorough assessment of MM8 stock, go to TipRanks’ Stock Analysis page.