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The latest announcement is out from Medallion Metals Ltd ( (AU:MM8) ).
Medallion Metals Limited has reported promising infill drilling results from the Kundip Mining Centre, part of its Ravensthorpe Gold Project. The results, which include significant gold and copper grades, enhance confidence in the existing Mineral Resource Estimate and suggest substantial growth potential for the deposit. The company plans to incorporate these findings into an updated Mineral Resource Estimate and feasibility study, with further drilling and geophysical surveys scheduled for later in the year. These developments could significantly impact the project’s economics and Medallion’s decision-making process regarding future development.
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 mining company focused on the exploration and development of mineral resources, primarily gold and copper, at its flagship Ravensthorpe Gold Project located in Western Australia.
Average Trading Volume: 944,632
Technical Sentiment Signal: Buy
Current Market Cap: A$119.5M
See more data about MM8 stock on TipRanks’ Stock Analysis page.