Medallion Metals Ltd ( (AU:MM8) ) has provided an update.
Medallion Metals Limited has amended its agreement with IGO Limited to acquire a 100% interest in the Forrestania Nickel Operation, including all tenements and associated infrastructure, while IGO retains rights to explore and mine nickel and lithium. Medallion will grant IGO a 1.5% royalty on future gold production from these tenements. This strategic acquisition aims to enhance Medallion’s gold production capabilities and potentially revitalize the Forrestania region as a significant gold production district, with completion targeted for late 2025.
More about Medallion Metals Ltd
Medallion Metals Limited is a company operating in the mining industry, primarily focused on gold and copper resources. The company is engaged in the development of the Ravensthorpe Gold Project and aims to leverage existing infrastructure to maximize resource extraction and production.
YTD Price Performance: 79.17%
Average Trading Volume: 1,154,176
Technical Sentiment Signal: Sell
Current Market Cap: A$102.9M
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