Articles
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.
IGO enters talks to offload Forrestania nickel mine to explorer Medallion Metals
The Ivan Vella-led miner on Thursday told investors it had entered into exclusive talks with West Perth-based gold and copper explorer Medallion Metals to do a deal that would ensure it kept one foot on the region’s prospective lithium deposits.
Break it Down: Medallion Metals gains exclusive talks on IGO assets
In this episode, host Sarah Hughan gives the skinny on Medallion Metals’ (ASX:MM8) exclusive negotiations over the potential acquisition of certain IGO (ASX:IGO) assets at the Forrestania Nickel Operation.
Medallion considers the talks a transformational opportunity to bring the near term value of gold mining to its shareholders and reignite exploration across the wider and highly prospective Forrestania greenstone belt.
Medallion Metals and IGO Enter Exclusive Negotiations on Forrestania Nickel Operation
Medallion Metals and IGO have taken a significant step towards a potential game-changing transaction. The two companies have signed an exclusivity agreement, giving Medallion a 9-month window (with a potential 3-month extension) to negotiate the acquisition of key assets from IGO’s Forrestania Nickel Operation. The crown jewel of this deal is the Cosmic Boy Process Plant and its associated infrastructure.
Medallion set to start priority target drill programme at Ravensthorpe
Medallion’s new Exploration Manager, Phillip Fox, in conjunction with the Medallion technical team, has undertaken an extensive geological review of the company’s 600 sq. km tenement package over recent months.
Medallion Metals confirms high gold and copper recoveries at flagship Ravensthorpe Gold Project
The metallurgical review, undertaken by GR Engineering Services Limited (GRES), was aimed at confirming the preferred processing route to maximise gold, copper and silver recovery from RGP’s ores.
Medallion sets the stage for bumper pre-feasibility study as Ravensthorpe grows to 1.62Moz gold equivalent
The project, including the historic Kundip Mining Centre on WA’s south coast, features 1.3Moz of gold and 59,000t of copper at an unchanged grade of 2.6g/t gold equivalent.
Medallion shines up Ravensthorpe reserves
Medallion Metals has doubled gold reserves and outlined maiden copper reserves for its flagship Ravensthorpe project in southern Western Australia as it works towards a restart. Open pit and underground...
