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Big name investors back gold developer Medallion with $6.5m as bullion hits record highsMining
Medallion Metals (ASX:MM8), which owns the 1.6Moz Au Eq Ravensthorpe gold project in WA, headed for a trading halt on Friday and emerged with $6.5m in fresh capital at 10c a share, a narrow discount of around 4.8% to its last traded price of 10c.
Lion Selection commits to Medallion Metals equity raise
Lion Selection Group (ASX:LSX) has committed to invest $1 million as part of a $6.5 million capital raising announced by Medallion Metals (ASX:MM8).
Medallion Metals accelerates Ravensthorpe gold project as negotiations with IGO about Forrestania continue
Medallion focuses on growing Ravensthorpe size, confidence
Medallion Metals (ASX:MM8) has started a 15,000m reverse circulation and diamond drillhole program at its flagship Ravensthorpe Gold Project aimed at growing the “high-grade” sulphide underground resource in both size and confidence.
Medallion on pathway toward Ravensthorpe production
Medallion Metals has begun securing key environmental and mining approvals for the development of the Ravensthorpe Gold Project in Western Australia towards production.
Medallion to kick off drilling at Ravensthorpe
The objective of the drill programme is to grow the high-grade sulphide underground resource in both size and confidence as well as support metallurgical testwork and studies assessing processing Ravensthorpe material at the Cosmic Boy Process Plant located at Forrestania, which is the subject of continuing exclusive negotiations with IGO Limited (IGO).
Medallion intends to acquire FNO assets from IGO
Medallion Metals has reached an exclusivity agreement with IGO, targeting the acquisition of specific assets from the Forrestania Nickel Operation (FNO) in Western Australia (WA).
IGO scopes out buyer for Forrestania assets
Part of the Forrestania nickel operations in Western Australia may soon have a new owner as IGO plans to transition the mine to care and maintenance in the next 12 months.
Medallion Metals has been given sole rights to negotiate a deal for the site’s Cosmic Boy processing facility and associated infrastructure at Forrestania through an ‘exclusivity deed’.
IGO turns nickel into gold
IGO announced an agreement with Medallion Metals, a WA gold explorer with a market value of just over $16 million, to divest certain assets of its Forrestania nickel operation in Western Australia. There’s an upfront cash payment of $15 million, with a total payment capped at $50 million.
Medallion Metals strikes deal with IGO for Forrestania Nickel
Medallion Metals (ASX:MM8) has entered into an exclusivity agreement with IGO (ASX:IGO) regarding acquiring certain assets of the Forrestania Nickel Operation in Western Australia.
The Forrestania Nickel Operations assets Medallion proposes to acquire includes mineral tenure and infrastructure associated with the Cosmic Boy processing facility, subject to IGO preserving priority rights for its own activities at Forrestania.
