Medallion Metals Ltd (AU:MM8) has released an update.
Medallion Metals Limited reports significant progress on its Ravensthorpe Gold Project, with an updated Ore Reserve Estimate revealing 610koz gold and 24kt copper. Exploration efforts have extended the mineralized system at the Gem deposit, which remains open at depth, and the company maintains a solid financial position with $3.5 million in cash and receivables. The project’s Pre-Feasibility Study confirms both the technical and commercial viability, bolstering Medallion’s potential in the gold-copper sector in Western Australia.
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