Project Flyover
Paul Bennett talks Proactive through the highlights of a just released PFS on its flagship Ravensthorpe Gold Project - southeast of Perth in Western Australia. The study reveals a project life of nine years, production of 777,000 ounces of gold and 16,000 tonnes of copper, with a project NPV of $309 million. Bennett says the study completion represents a significant milestone for the business and its shareholders as MM8 continues to demonstrate that Ravensthorpe is an asset of scale and significance with enormous potential.
Medallion Metals (ASX: MM8) has released the results of a Prefeasability Study (PFS) at its flagship Ravensthorpe Gold Project. Managing Director, Paul Bennett explains the significance of the PFS, the key metrics, opportunities for further growth and the next steps investors should be aware of.
MEDALLION Metals has put some firm numbers around its plans to restart production at the historical Kundip mining centre outside Ravensthorpe on Western Australia’s southern coast.
Medallion Metals will collect $2.2 million by subleasing its 90-person Ravensthorpe camp to Allkem as new investment is put into the Mt Cattlin lithium mine.
The explorer which is developing the Ravensthorpe gold project told the ASX on Wednesday the 18-month arrangement made sense at a time when Medallion did not need to fully utilise the camp.
