High-grade mineralization at Kundip Mining Centre

Medallion Metals (ASX:MM8) has announced promising results from an in-fill drilling program at the Gem lode within the Kundip Mining Centre, part of its Ravensthorpe Gold Project in Western Australia. The results confirm the continuity of high-grade gold, copper, and silver lodes, indicating significant potential for resource expansion.

Strategic steps towards resource growth

Medallion Metals has shared results from its in-fill drilling program at the Gem lode, part of the Ravensthorpe Gold Project in Western Australia. The drilling confirmed the structure and grade continuity of the lodes, with key intercepts showing high-grade gold equivalent grades. The company is working on a 15,000-meter drill program to enhance the resource size and confidence. An updated Mineral Resource Estimate is expected in early 2025, supporting a Final Investment Decision for the sulphide development strategy. Additionally, Medallion is negotiating an Exclusivity Agreement with IGO Ltd for asset acquisition, including the Cosmic Boy Process Plant. The company is advancing multiple work streams to achieve its strategic goals, including resource conversion, metallurgical testing, and environmental permitting.

Management insights on drilling results

The drilling results are promising and suggest potential resource growth beyond initial estimates.