Medallion Metals (ASX:MM8) completed front-end engineering and design for the refurbishment and modification of the Cosmic Boy concentrator, with early works underway and long-lead equipment fabrication well advanced ahead of planned treatment of ore from its Ravensthorpe gold project, according to a Monday Australian bourse filing.
The company executed an AU$7.6 million early works agreement with GR Engineering Services (ASX:GNG), with the engineering, procurement, and construction contract expected to be finalized in July and secondary ball mill delivery expected in August.
Commissioning of the Cosmic Boy concentrator on the Ravensthorpe gold project ore remains on track for the second quarter of calendar 2027, it added.