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Medallion Metals Nears IGO Deal, Unveils Robust Ravensthorpe Scoping Study
6:22pm on Sunday 1st of June, 2025 AEST
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Mining
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Medallion Metals Nears IGO Deal, Unveils Robust Ravensthorpe Scoping Study
6:22pm on Sunday 1st of June, 2025 AEST
Key Points
Positive progress in acquisition negotiations with IGO Limited for Forrestania assets
Robust scoping study reveals 5.5-year mine life and strong financial returns at Ravensthorpe
15,000m drilling program confirms high-grade sulphide resource continuity and upside potential
Medallion secures $1.8 million in placement proceeds, ending quarter with $3 million cash
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Medallion Metals (ASX:MM8)
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