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Medallion Metals Limited (ASX:MM8)

ALERT: Price-sensitive ASX Announcement for MM8
Current share price for MM8 : $0.415 -0.005 (-1.19%)+
Announcement
Release
15 Jul 2026 9:15AM
Price at Release
$0.420
Full Release
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Summary
Medallion Metals Limited has announced the implementation of its Early Production Strategy (EPS) at the Forrestania Gold Project, utilizing existing infrastructure to accelerate gold production and generate early cash flow. The production operations are expected to commence in Q4 CY2026, prior to the Ravensthorpe ore treatment scheduled for Q2 CY2027. This strategy not only leverages existing resources but also involves a Toll Processing Agreement with a third-party to process a minimum of 200kt of material, ensuring revenue through fixed processing fees. The project requires an incremental capital of $2.1 million, which will be funded from existing cash reserves, and is anticipated to have a rapid payback period. This move aims to de-risk the processing plant ahead of the Ravensthorpe project while adhering to the original development timeline. The initiative reflects Medallion's strategic focus on expediting cash flow and optimizing existing assets.
Key Points
  • Early Production Strategy (EPS) at Forrestania to accelerate cash flow.
  • Processing operations to start in Q4 CY2026, ahead of Ravensthorpe.
  • Utilizing existing infrastructure for early gold production.
  • Toll Processing Agreement for 200kt of material with a fixed fee.
  • $2.1 million incremental capital with rapid payback.
  • EPS de-risks processing plant before Ravensthorpe ore treatment.
  • Medallion optimizes existing assets to preserve development schedules.
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.