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Medallion Metals Seals Forrestania Deal, Eyes 70,000 oz Gold Production by 2025
9:12am on Monday 4th of August, 2025 AEST
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Mining
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Medallion Metals Seals Forrestania Deal, Eyes 70,000 oz Gold Production by 2025
9:12am on Monday 4th of August, 2025 AEST
Key Points
Binding Asset Sale Agreement executed with IGO for Forrestania acquisition
No upfront cash; 1.5% Net Smelter Return royalty granted to IGO on future gold
Transaction supports Ravensthorpe Gold Project development with Forrestania processing
Scoping study indicates ~70,000 oz gold equivalent annual production and strong cashflows
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