Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest update is out from Medallion Metals Ltd ( (AU:MM8) ).
Medallion Metals has secured final approval under Australia’s Environment Protection and Biodiversity Conservation Act for its Ravensthorpe Gold Project, clearing the last primary environmental hurdle needed to advance its sulphide-focused underground mining and processing strategy in Western Australia. With both Federal and State primary environmental approvals now in place, the company has significantly reduced permitting and development risk for Ravensthorpe and is positioned to move into final development planning and execution, subject to completing the proposed Forrestania acquisition and obtaining remaining secondary licences, a step that could accelerate its transition from project evaluation to production and strengthen its role in the regional gold sector.
The most recent analyst rating on (AU:MM8) stock is a Hold with a A$0.50 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 an Australian gold mining and development company focused on the Ravensthorpe Gold Project in Western Australia, with a sulphide production strategy based on underground mining at Ravensthorpe and processing at the Forrestania site.
Average Trading Volume: 1,556,758
Technical Sentiment Signal: Buy
Current Market Cap: A$381.7M
Find detailed analytics on MM8 stock on TipRanks’ Stock Analysis page.