Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Medallion Metals Ltd ( (AU:MM8) ) has provided an announcement.
Medallion Metals has completed all conditions for its acquisition of the Forrestania Nickel Operation from IGO, with handover scheduled on 27 February 2026. The asset will be renamed the Forrestania Gold Project and will serve as the company’s long-term gold processing and development hub in the region.
Taking ownership of established processing infrastructure gives Medallion greater control over its production pathway and reduces development risk. The project is central to the company’s Sulphide Development Strategy and is expected to complement the Ravensthorpe project as Medallion advances broader regional gold development and exploration initiatives.
Management said the transaction milestone, alongside key approvals and funding, shifts the focus to disciplined execution. The company plans to advance Ravensthorpe toward production while progressing technical work at Forrestania to support development and unlock value across its tenure in Western Australia.
The most recent analyst rating on (AU:MM8) stock is a Hold with a A$0.42 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 mineral exploration and development company focused on becoming a gold and copper producer in Western Australia. The company’s key assets include the Ravensthorpe project and, following this transaction, the Forrestania Gold Project, which together form the core of its regional processing and development strategy.
Average Trading Volume: 1,792,932
Technical Sentiment Signal: Buy
Current Market Cap: A$334M
For a thorough assessment of MM8 stock, go to TipRanks’ Stock Analysis page.