Medallion Metals subleases Ravensthorpe camp to Allkem for $2.2 million

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.