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15 stories mentioning ASX:MM8Updated 12d ago

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Asia

GR Engineering Services Secures AU$50 Million Deal With Medallion Metals Unit

GR Engineering Services (ASX:GNG) secured a AU$50 million engineering, procurement and construction contract with Myamba Minerals, a Medallion Metals (ASX:MM8) subsidiary, according to a Tuesday filing with the Australian bourse.The scope of work includes the design, procurement, construction and commissioning to support the conversion of the Cosmic Boy Concentrator facility to a standalone facility, the filing said.

ASX:GNGASX:MM8
Asia

Lion Selection Group Commits AU$2 Million as Part of Medallion Metals Placement

Lion Selection Group (ASX:LSX) committed to invest AU$2 million as part of a AU$60 million placement by Medallion Metals (ASX:MM8), according to a Friday filing with the Australian bourse.Medallion Metals is developing a new Western Australian underground mine, with first production expected in the fourth quarter of the year, the filing said.The company's interest in Medallion will be about 4.2% upon completion of the fundraising, per the filing.

ASX:LSXASX:MM8
Asia

Medallion Metals to Raise AU$60 Million Through Placement; Shares Gain 4%

Medallion Metals (ASX:MM8) secured binding commitments to raise AU$60 million through a single-tranche placement of shares, according to a Thursday filing with the Australian bourse.The company will issue 125 million new ordinary shares to sophisticated investors at AU$0.48 each, using its existing placement capacity, per the filing. The placement shares are expected to settle on Aug. 26.The proceeds will help position Medallion to fully fund the remaining development and ramp-up of the Ravensthorpe gold project in Western Australia through to commercial production, the company said.Its shares gained 4% in recent Thursday trade.

ASX:MM8
Asia

Medallion Metals Reports High-Grade Gold Intercepts at Western Australia Deposit

Medallion Metals (ASX:MM8) said a slimline reverse circulation drill program at the Lounge Lizard deposit, located within the Forrestania gold project in Western Australia, returned significant high-grade intercepts, according to a Friday filing with the Australian bourse.The intercepts include three meters at 3.61 grams per tonne grade of gold from 112 meters; five meters at 5.8 g/t from 106 meters; two meters at 5.05 g/t from 147 meters; six meters at 2.26 g/t from 111 meters; and eight meters at 1.41 g/t from 117 meters.The results validate previous drilling at Lounge Lizard, with re-assays averaging around 20% higher across the tested intervals, the company said.It added that a roughly 6,700-meter combined diamond and reverse circulation drilling program started in August to confirm and extend Lounge Lizard mineralization.

ASX:MM8
Asia

Macmahon Holdings Unit Selected as Preferred Underground Mining Contractor for Medallion Metals Project

Macmahon Holdings (ASX:MAH) said Medallion Metals (ASX:MM8) selected its Macmahon Underground subsidiary as the preferred underground mining contractor for the Ravensthorpe gold project in Western Australia, according to a Wednesday filing with the Australian bourse.The contract has an initial term of 36 months and is valued at about AU$240 million, per the filing.The scope of the works, expected to start in the December quarter, includes portal establishment, underground development, production, and ancillary works.

ASX:MAHASX:MM8
Asia

Medallion Metals Launches Airborne Electromagnetic Survey at Western Australia Gold Project; Shares Gain 4%

Medallion Metals (ASX:MM8) launched an airborne electromagnetic survey across its Ravensthorpe gold project in Western Australia to identify new gold and copper sulfide targets, according to a Monday filing with the Australian bourse.The survey will cover an area of about 120 square kilometers and is co-funded through a AU$135,000 grant awarded under the Western Australian government's exploration incentive scheme, per the filing.The company said it aims to generate priority exploration targets by the fourth quarter.Its shares gained 4% in recent Monday trade.

ASX:MM8
Asia

Medallion Metals Secures Regulatory Approvals for Western Australia Gold Project Development

Medallion Metals (ASX:MM8) secured all key regulatory approvals required to begin the development of the Ravensthorpe gold project in Western Australia, according to a Monday Australian bourse filing.The mine development and closure plan for the project was approved, and it also secured approval for the Section 45C amendment to Ministerial Statement 1143.Project development activities will begin on site, including underground mine development at the Kundip mining center. Its early production strategy remains on track for the September quarter.Its shares fell 1% in recent trading on Monday.

ASX:MM8
Asia

Medallion Metals Confirms Growth Potential at Western Australia Deposit; Shares Up 8%

Medallion Metals (ASX:MM8) confirmed the growth potential of the Gem deposit at depth and boosted confidence in the early mine plan at the Kundip Mining Center, part of the Ravensthorpe project in Western Australia, according to a Monday filing with the Australian bourse.Drilling returned 4.92 meters at 15.5 grams per tonne (g/t) grade of gold, 0.9% copper from 394.09 meters, including 0.3 meters at 204 g/t grade of gold, 7% copper from 395.09 meters, the filing said.Assays from roughly 5,000 meters of drilling are expected to be reported over the coming weeks, per the filing.Shares rose 8% in midday trade Monday.

ASX:MM8
Asia

Medallion Metals, TG Metals Sign Ore Processing Agreement for Van Uden Gold Stockpiles

Medallion Metals (ASX:MM8) and TG Metals (ASX:TG6) signed a non-binding ore processing and profit share agreement (OPPS) for the processing of about 60,000 tonnes of gold-bearing stockpiles from TG Metals' Van Uden Gold Project in Western Australia through Medallion's Cosmic Boy Concentrator, according to separate Australian bourse filings on Wednesday.Medallion will be responsible for transporting and processing the stockpiles, with TG Metals receiving initial payments at the time of batch processing and reconciliation determining the final profit share.Approvals to remove stockpiles from Van Uden are already in place, allowing readiness to commence when the agreement is finalized, with the arrangement complementary to the onsite heap leach strategy and providing two near-term cashflow generation streams from the Van Uden resource, the filing added.

ASX:MM8ASX:TG6
Asia

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

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.

ASX:MM8
Asia

Medallion Metals Says Drilling Outside Current Mineral Resource at Project Increases Confidence in Early Mine Plan, Shares Jump 13%

Medallion Metals (ASX:MM8) said drilling testing extensional targets outside the current mineral resource at the Kundip Mining Center, part of the Ravensthorpe gold project, highlighted the broader growth potential of the deposit at depth and increased confidence in the early mine plan, according to a Monday Australian bourse filing.It encountered intercepts of 13.5 meters at 3.3 grams per tonne grade of gold, 5.1% grade of copper, 26 g/t grade of silver, including 7.7 g/t grade of silver-equivalent, from 379.9 meters, as well as 11.7 meters at 3.5 g/t grade of gold, 2.2% grade of copper, 8.2 g/t grade of silver, including 5.3 g/t grade of silver-equivalent, from 440 meters.Downhole electromagnetic surveying has identified several highly conductive targets adjacent to drilling, per the filing.Its shares rose 13% in recent trading on Monday.

ASX:MM8
Asia

Medallion Metals Advances Cosmic Boy Concentrator Refurbishment, Commissioning on Track for Q2, 2027

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.

ASX:GNGASX:MM8
Asia

Medallion Metals' Validation of Historical Drilling at Western Australia Gold Deposit Shows High-Grade Intersections; Shares Up 5%

Medallion Metals (ASX:MM8) said the ongoing extraction and validation of previously unreleased historical drilling at the Lounge Lizard gold deposit, within the Forrestania gold project in Western Australia, resulted in high-grade intersections, according to a Wednesday Australian bourse filing.The company said 212 historical drill holes surrounding the Lounge Lizard open pit were validated and incorporated into the geological database for mineral resource estimation.It encountered intersections of 11 meters at 6.9 grams per tonne (g/t) grade of gold from 50 meters, 9 meters at 8.7 g/t grade of gold from 67 meters, 5 meters at 10.2 g/t grade of gold from 98 meters.The company's shares jumped 5% in recent Wednesday trade.

ASX:MM8
Asia

Medallion Metals' Western Australia Drill Results Boost Confidence in Early Stages of Mine Plan; Shares Up 7%

Medallion Metals' (ASX:MM8) drilling results from the Kundip Mining Center, part of its Ravensthorpe project in Western Australia, boost confidence in the early stages of the mine plan ahead of planned development from August, according to a Thursday filing with the Australian bourse.Results include 5.3 meters at 33 grams per tonne grade of gold, 1.7% copper, 11.7 g/t grade of silver from 356 meters, five meters at 11 g/t grade of gold, 0.2% copper, 3.8 g/t grade of silver from 103 meters, and 5 meters at nearly 11 g/t grade of gold, 0.2% copper, 2.2 g/t grade of silver from 66 meters, the filing said.Additionally, extensional targets beyond the existing mineral resource are being tested in the current program, with assays pending expected to be reported over the coming weeks, per the filing.Shares rose 7% in morning trade on Thursday.

ASX:MM8
Asia

Medallion Metals Working to Bring Forward Gold Production at Western Australia Plant; Shares Rise 5%

Medallion Metals (ASX:MM8) is working to bring forward gold production at the Forrestania gold project in Western Australia through the refurbishment of its Cosmic Boy processing plant, according to a Friday filing with the Australian bourse.Establishing gold processing capability at the plant in the short term could allow for the commercialization of gold deposits within the Medallion tenure and create revenue streams from third-party ore sources, the company said.It added that the gold opportunity can run alongside the planned modification of the Cosmic Boy plant, with minimal impact, to produce Ravensthorpe ore."Importantly, successful implementation has the potential to bring forward revenues while de-risking the processing infrastructure ahead of Ravensthorpe ore deliveries," said Medallion Metals Managing Director Paul Bennett.The company's shares gained 5% in recent Friday trade.

ASX:MM8

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