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Medallion Metals Limited (ASX:MM8)

ALERT: Price-sensitive ASX Announcement for MM8
Current share price for MM8 : $0.455 0.215 (89.58%)+
Announcement
Release
31 Jul 2025 8:28AM
Price at Release
$0.240
Full Release
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Summary
Medallion Metals Limited released its Quarterly Activities and Appendix 5B Cash Flow Report for the period ending 31 March 2024. During the quarter, the company advanced its flagship Ravensthorpe Gold Project, with ongoing resource drilling and exploration activities. The company also progressed potential development studies and engaged in community and environmental initiatives while closely managing its cash position. Medallion ended the quarter with a cash balance and outlined its planned activities for the upcoming period, including further drilling and technical studies.
Key Points
  • Quarterly report covers activities for the quarter ending 31 March 2024.
  • The company continued resource drilling at the Ravensthorpe Gold Project.
  • Exploration activities were undertaken to expand mineral resources.
  • Development studies and project advancement were ongoing.
  • Community engagement and environmental responsibility remained priorities.
  • The company's cash position and expenditure were managed prudently.
  • Report includes the Appendix 5B cash flow statement.
  • Future work programs focus on drilling and technical studies.
  • Medallion maintains a positive outlook for project advancement.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.