Medallion Metals Reports Promising Drilling Results at Kundip Mining Centre

Medallion Metals Ltd ( (AU:MM8) ) has shared an announcement.

Medallion Metals Limited has announced significant drilling results from the Kundip Mining Centre, part of its Ravensthorpe Gold Project. The results have reinforced confidence in the existing Mineral Resource Estimate and highlighted the potential for growth in the shallowly drilled deposit. The drilling program, which has now concluded, will inform an updated Mineral Resource Estimate expected in July. This update will play a crucial role in the feasibility study mine plan, with further drilling anticipated to recommence in the third quarter of 2025.

The most recent analyst rating on (AU:MM8) stock is a Buy with a A$0.41 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 a company operating in the mining industry, focusing on the exploration and development of gold and copper resources. Its flagship project is the Ravensthorpe Gold Project, located in Western Australia.

Average Trading Volume: 1,067,404

Technical Sentiment Signal: Buy

Current Market Cap: A$129.3M

For an in-depth examination of MM8 stock, go to TipRanks’ Stock Analysis page.