Medallion Metals reports successful drilling

Medallion Metals (ASX:MM8) has reported continued positive outcomes from its in-fill drilling program at the Harbour View deposit in the Ravensthorpe Gold Project, Western Australia. The latest assays confirmed strong grades and continuity of the main lode structure, with potential for further exploration. These results will aid in updating the Mineral Resource Estimate by early 2025.

Key developments and future outlook

Medallion Metals has achieved significant progress with its in-fill drilling program, underscoring the potential at the Harbour View deposit. The company aims to update its Mineral Resource Estimate by the first half of 2025, supporting a Final Investment Decision for potential gold-copper production. Negotiations with IGO Ltd continue for acquiring Forrestania assets, including the Cosmic Boy Process Plant. Medallion plans to complete 15,000 meters of drilling by early 2025 and is advancing its Bankable Feasibility Study with a focus on optimizing mine plans and enhancing project returns.

Executive insights on drilling achievements

The positive results from Harbour View drilling are encouraging and confirm the continuity of the main lode structure at depth. This gives us confidence as we move toward an updated Mineral Resource Estimate and a Final Investment Decision,' said Paul Bennett, Managing Director.