Medallion attracts significant interest in supporting the Ravensthorpe-Forrestania development.

March 17, 2025 11:00 AM AEDT | By Team Kalkine Media

Medallion attracts significant interest in supporting the Ravensthorpe-Forrestania development.

Processing Infrastructure and Strategic Planning

Medallion is assessing modifications to the Cosmic Boy processing facility to support the treatment of Ravensthorpe materials. The current plan involves optimizing grind size and refining power consumption, ensuring that concentrate grades remain in line with market preferences. With demand for high-grade copper concentrates increasing, the company aims to refine processing capabilities for efficient production.

Acquisition Discussions and Development Plans

Medallion’s engagement with IGO (ASX:IGO) remains ongoing under an exclusivity agreement, allowing negotiations for the acquisition of assets at Forrestania. The primary focus is the Cosmic Boy Process Plant, which would be repurposed to facilitate copper-gold concentrate production. Discussions are progressing toward a binding agreement within the established exclusivity period.

Funding Strategies and Market Engagement

The company is reviewing funding options alongside offtake discussions, engaging independent advisors to evaluate proposals. While offtake-linked financing remains a focal point, alternative funding mechanisms are also being explored. Medallion has previously secured financial backing through capital raising efforts, with participation from industry groups.

Medallion Metals continues to advance its project initiatives, aligning development efforts with market trends and strategic partnerships.

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