Medallion Metals Limited has intersected substantial semi-massive to massive sulphides in its latest diamond drilling at the Trilogy Deposit, setting the stage for potential commercialisation via existing Forrestania infrastructure.
- 22m continuous interval of semi-massive to massive sulphides intersected
- Drilling targets fresh Cu-Au and Zn-Pb-Ag dominant lodes for metallurgical sampling
- Assay results expected in March and April 2025
- Potential to process Trilogy ore through Forrestania flotation plant or direct shipping
- Trilogy hosts a JORC 2012 Mineral Resource Estimate of 162koz Au, 9.7Moz Ag, and significant base metals
Significant Sulphide Intersections at Trilogy
Medallion Metals Limited (ASX: MM8) has reported promising results from its ongoing diamond drilling program at the Trilogy Deposit, located approximately 9 kilometres south of the Kundip Mining Centre (KMC) in Western Australia. The first hole of a planned three-hole program, DD24MY246, intersected a continuous 22-metre interval of semi-massive to massive sulphides starting around 95 metres downhole. This visual confirmation of substantial sulphide mineralisation bolsters the geological model and underpins the company’s optimism ahead of pending assay results expected in March and April 2025.
Targeting Fresh High-Grade Zones for Metallurgical Assessment
The drilling program is focused on sampling the fresh portions of the deposit’s discrete copper-gold (Cu-Au) dominant and zinc-lead-silver (Zn-Pb-Ag) dominant lodes. These samples will be used for metallurgical testwork aimed at evaluating the feasibility of commercialising Trilogy mineralisation. Medallion is exploring two key pathways: processing ore through the established flotation plant at Forrestania, located about 170 kilometres away, or potentially direct shipping of high-grade material. The Forrestania infrastructure, with its proven flotation capacity, represents a strategic asset that could accelerate Trilogy’s development timeline and reduce capital expenditure.
Historical Context and Resource Base
Discovered in 1997 by Homestake Gold Australia Limited, Trilogy is interpreted as a sedimentary exhalative (SedEx) style deposit hosted within Proterozoic graphitic siltstones. The deposit boasts a substantial JORC 2012 Mineral Resource Estimate (MRE) comprising approximately 162,000 ounces of gold, 9.7 million ounces of silver, 66,000 tonnes of copper, 133,000 tonnes of lead, and 77,000 tonnes of zinc. The mineralisation occurs in three main stratiform lodes striking northeast and dipping southeast, with widths ranging from 10 to 20 metres. Historical drilling and studies have laid a solid foundation for current exploration and development efforts.
Strategic Importance Within Broader Project Portfolio
Trilogy forms part of the broader Jerdacuttup Project, a strategically held tenement package covering around 400 square kilometres. Medallion’s primary focus remains the development of the Kundip Mining Centre, but Trilogy offers a compelling growth opportunity. The recent scoping study on KMC highlighted strong cashflow potential and attractive returns, with Trilogy’s proximity and compatibility with Forrestania’s processing plant providing a valuable optionality for the company’s development strategy.
Next Steps and Market Implications
With drilling ongoing and assays imminent, Medallion plans to select samples for metallurgical testwork shortly after receiving results. The company has also engaged third parties interested in potential direct purchase agreements for Trilogy material, signaling early commercial interest. Meanwhile, the diamond rig will continue infill drilling at KMC to support engineering studies for processing plant modifications. Investors will be watching closely as assay data and metallurgical outcomes will be critical in determining Trilogy’s role in Medallion’s growth trajectory.
Bottom Line?
As assay results approach, Trilogy’s sulphide intersections could unlock a new chapter of value for Medallion Metals and its shareholders.
Questions in the middle?
- What will the assay results reveal about the grade and continuity of sulphide mineralisation?
- How viable will metallurgical testwork prove for processing Trilogy ore through Forrestania or direct shipping?
- Could Trilogy’s development materially enhance Medallion’s production profile and cashflow forecasts?