Medallion Metals Ltd ( (AU:MM8) ) just unveiled an update.
Medallion Metals Limited has announced significant extensions to the high-grade lodes at its Gem deposit within the Kundip Mining Centre. The recent drilling results have extended the lode position up to 80 meters beyond the current Mineral Resource boundary, indicating substantial upside potential for the company’s sulphide Mineral Resource Estimate. These findings are expected to positively impact the company’s near-term development strategy and project economics, as they suggest potential for extending mine life and increasing production inventory. The results will inform an upcoming Mineral Resource Estimate update and support the feasibility study for the Ravensthorpe-Forrestania sulphide development strategy.
More about Medallion Metals Ltd
Medallion Metals Limited is a mining company focused on the exploration and development of mineral resources, primarily gold and copper. Their flagship project is the Ravensthorpe Gold Project located in Western Australia, which hosts a significant Mineral Resource Estimate. The company is actively engaged in drilling programs to expand and enhance the resource base at the Kundip Mining Centre.
Average Trading Volume: 1,144,549
Technical Sentiment Signal: Buy
Current Market Cap: A$102.9M
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