Medallion Metals Limited (Medallion and the Company) is a minerals explorer based in Perth, Western Australia.
The Company’s 100% owned Projects are located 550km south east of Perth and are situated at the intersection of the world class Southern Cross greenstone belt and the Albany Fraser Orogen. Acquired in August 2016, the Projects cover approximately 650 square kilometres and are host to JORC 2012 resources containing 842koz of gold, 10.4Moz of silver, 87Kt of copper, 134Kt of lead and 78Kt zinc. With proven metal endowment, the tenement package offers a compelling regional discovery opportunity in addition to the optionality of a near term gold development in a proven mineral field.
The Projects comprise two distinct elements broadly reflecting the underlying geology. To the north, the Ravensthorpe Gold Project (RGP) comprises mineral rights extending over approximately 290 square kilometres of Archean geology that has historically yielded significant amounts of high grade gold and copper including from the Kundip mining centre which is the subject of the Medallion’s development studies and the focus of its ongoing exploration activities. In addition to the known deposits, the RGP tenure is prospective for nickel, lithium, manganese and antimony.
To the south, the Jerdacuttup Project (Jerdacuttup) extends across approximately 360 square kilometres of predominantly Proterozoic geology prospective for base and precious metals. In the 1990s, Homestake discovered Trilogy, a large near surface polymetallic deposit confirming the prospectivity of Jerdcuttup for multiple SEDEX/VHMS discoveries.
In a premium jurisdiction, with excellent infrastructure and a supportive community, Medallion is well positioned to capitalise on the multiple growth opportunities within the tenement portfolio.