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FINWIRES

Medallion Metals to Start Western Australia Processing Operations Under Early Production Strategy; Shares Up 6%

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Medallion Metals (ASX:MM8) is set to begin processing operations under its early production strategy in the fourth quarter of the year, using current processing infrastructure at the Forrestania project in Western Australia, according to a Wednesday filing with the Australian bourse.

The move will enable gold production ahead of planned Ravensthorpe ore treatment through the Cosmic Boy concentrator, which remains on track for the second quarter of 2027, the filing said.

Shares rose 6% in midday trade on Wednesday.

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