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Medallion Metals Ltd ( (AU:MM8) ) has issued an update.
Medallion Metals Limited announced the results of a Feasibility Study for the Ravensthorpe Gold Project, highlighting its potential as a technically robust and economically viable gold-copper development. The study emphasizes strong financial returns, low-cost development, and expansion opportunities, positioning the project as a significant growth platform in the Western Australian mining sector. The acquisition of the Forrestania Nickel Operation assets, including the Cosmic Boy Concentrator, is crucial for advancing the project, promising rapid payback and attractive returns, thus enhancing Medallion’s industry positioning.
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 a company operating in the mining industry, focusing on gold and copper production. The company is engaged in developing the Ravensthorpe Gold Project in Western Australia, leveraging existing infrastructure at the Forrestania site to enhance its production capabilities.
Average Trading Volume: 1,268,099
Technical Sentiment Signal: Buy
Current Market Cap: A$251.5M
For detailed information about MM8 stock, go to TipRanks’ Stock Analysis page.