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Highlights
- Trilogy deposit flagged as major expansion opportunity
- Testwork to evaluate processing potential at Forrestania
- Strategic asset positioning may enhance production profile
Medallion Metals (ASX:MM8) has unveiled plans to unlock additional value from its Western Australian assets by integrating the Trilogy deposit into its broader sulphide development strategy within the Ravensthorpe-Forrestania Project. The move is expected to significantly uplift the production scale, extend mine life, and enhance overall project returns.
The Trilogy deposit, located just 9km south of the Kundip Mining Centre, is part of the Jerdacuttup Project and is rich in copper-gold and lead-zinc-silver mineralisation. Medallion views the deposit as a “substantial” growth opportunity and is initiating a metallurgical testwork program aimed at determining its compatibility with the planned sulphide production strategy.
This strategy revolves around mining operations at Ravensthorpe and ore processing at the existing Cosmic Boy flotation plant, which is part of the Forrestania Nickel Operation. The upcoming testwork program—set to commence mid-year—will be tailored to the unique polymetallic zones at Trilogy, with a focus on flotation-based recovery.
Initial assessments suggest that Trilogy's mineralisation is well-suited for treatment using the Cosmic Boy plant infrastructure. This opens up a compelling opportunity to process both Trilogy and Kundip ores using the same facilities, potentially streamlining operations and reducing capital requirements.
However, the integration is dependent on Medallion successfully completing a proposed acquisition of certain assets from IGO (ASX:IGO), which includes key elements of the Forrestania operation. According to the company, negotiations are actively progressing, and the drafting of binding documentation is underway. The transaction deadline has been extended to May 2025 to allow sufficient time for finalisation.
In parallel, Medallion is also exploring direct shipping opportunities for high-grade portions of the Trilogy deposit. This approach could enable near-term cash flow with minimal capital expenditure. Sample material will be provided to interested third parties, further advancing offtake discussions.
Recent assay results from Trilogy have confirmed broad zones of high-value polymetallic mineralisation, reinforcing the deposit’s potential. The fresh component of the mineralisation, in particular, is considered well-suited for processing at Forrestania.
With established infrastructure, strategic location, and encouraging test results, the Trilogy deposit could play a pivotal role in bolstering Medallion’s production ambitions and contribute meaningfully to the company’s long-term growth strategy in Western Australia.
