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Medallion Metals Limited (ASX:MM8)

ALERT: Price-sensitive ASX Announcement for MM8
Current share price for MM8 : $0.395 -0.035 (-8.14%)+
Announcement
Release
9 Jun 2026 9:10AM
Price at Release
$0.430
Full Release
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Summary
Medallion Metals Limited (ASX:MM8) has achieved significant milestones in the refurbishment and modification of the Cosmic Boy Concentrator (CBC) at the Ravensthorpe Gold Project (RGP). The company has completed Front End Engineering and Design (FEED), validating capital estimates and supporting the execution of an Engineering, Procurement, and Construction (EPC) contract, expected to be finalized in July 2026. A $7.6 million Early Works Agreement with GR Engineering Services has been executed to advance project delivery. The modification of CBC is designed to process 650ktpa of RGP sulphide ore with a secondary ball mill delivery scheduled for August 2026, and commissioning on RGP ore remains on track for Q2 2027. The company is also considering an interim processing solution to accelerate cash flow by processing third-party and stockpiled material.
Key Points
  • $7.6 million Early Works Agreement with GR Engineering Services executed
  • FEED completed, validating project capital estimates
  • EPC contract expected to be finalized in July 2026
  • Plant cleaning and inspection completed, enhancing confidence in refurbishment timing and cost
  • Secondary ball mill delivery expected in August 2026
  • CBC commissioning on RGP ore remains on track for Q2 calendar year 2027
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.