Our Assets

High-Grade Resource Base and Proven Sulphide Pathway

Medallion’s Ravensthorpe and Forrestania assets underpin a low-capex, high-margin sulphide production strategy providing a clear route to first gold.

  • 5.7 Mt @ 4.6 g/t Au & 0.6 % Cu sulphide core (840 koz Au & 37 kt Cu)
  • Mineralisation from 50 m depth, allowing early underground access
  • Proven Deflector-style metallurgy delivering high recoveries (98 % Au, 80 % Cu)
  • Underground-only mining reduces surface disturbance and streamlines permitting
  • Consistent, scalable geology with strong resource growth potential
  • Mining and environmental approvals in place supporting near-term development

This robust sulphide resource and readiness for production form the foundation of Medallion’s plan to build a multi-asset gold production hub in Western Australia’s Wheatbelt.

Infrastructure and Location Advantage

Medallion is positioned to accelerate production through access to established processing infrastructure and a dominant exploration footprint.

  • Completion of the Forrestania acquisition from IGO Limited, securing the Cosmic Boy processing plant and infrastructure
  • Flotation plant, TSF, grid power, camp and airstrip in place to support near-term operations
  • 900 km² of highly prospective ground across the Forrestania Greenstone Belt
  • “Plug-and-play” development model minimises capital intensity and shortens the path to cashflow

This infrastructure advantage underpins a low-risk, scalable growth strategy and establishes the platform for long-term production expansion.

ASSET QUALITY

HIGH-GRADE RESOURCE BASE
  • 5.6Mt @ 4.3g/t Au & 0.6% Cu sulphide core
  • Sulphide mineralisation starts just 50m from surface
  • Consistent, scalable geology with significant expansion potential
  • Advanced environmental approvals in Tier-1 jurisdiction

STRATEGIC POSITIONING

INFRASTRUCTURE & LOCATION
  • Binding agreement to acquire Forrestania processing plant from IGO Limited
  • Complete flotation plant, TSF, grid power, and supporting infrastructure
  • 900km² highly prospective Forrestania Greenstone Belt position
  • “Plug and play” solution eliminating typical development risks

VALUATION UPSIDE

Exceptional Economics and Clear Growth Leverage

Exceptional Economics and Growth Leverage
Medallion’s integrated development delivers strong returns with clear upside as production scales.

  • ~A$100 million pre-production capital for ~80 koz pa output over a 5.5-year mine life
  • Forecast AISC A$1,845/oz, within the lowest cost quartile
  • Pre-tax NPV A$429 million and IRR 169 % (spot pricing)
  • Multiple growth levers through resource expansion and regional consolidation

These economics position Medallion for a significant value re-rating as it advances toward sustained production.

About MM8

Building a Multi-Asset Gold Production Hub

Medallion is combining the Ravensthorpe resource base with the Forrestania processing facility to establish a regional hub capable of delivering 150–200 koz per annum over time.

  • Stage-one production of ~80 koz pa with rapid payback
  • Integration of existing infrastructure reduces capital and accelerates first gold
  • Significant MRE growth potential at both Ravensthorpe and Forrestania
  • Progressive expansion through additional deposits and regional consolidation
  • Scalable platform designed to increase throughput and extend mine life

This strategy positions Medallion to transition rapidly from developer to producer, unlocking sustainable cashflows and long-term growth.

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OUR ASSETS

Proven gold projects with growth potential

Medallion’s Forrestania and Ravensthorpe projects anchor a scalable development hub in Western Australia’s Wheatbelt.

ABOUT MM8

Focused on near-term production and long-term growth

INVESTORS

Creating long-term value through disciplined growth

SUSTAINABILITY

Responsible development, lasting value

SUSTAINABILITY

Committed to Responsible Mining

Medallion Metals is dedicated to developing its projects responsibly, protecting the environment, supporting local communities, and maintaining the highest standards of safety.

Our underground-only mining approach significantly reduces surface disturbance and environmental impact, while our advanced environmental approvals pathway reflects a proactive commitment to regulatory and operational excellence.

We are deeply connected to the Ravensthorpe community, engaging through open consultation, local employment, and partnerships with regional suppliers to ensure lasting social and economic benefits.

Safety is central to everything we do. Medallion applies a zero-harm philosophy, supported by comprehensive training, rigorous safety systems, and continuous improvement across all operations.

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