Medallion Metals Ltd (AU:MM8) has released an update.
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Medallion Metals Ltd is set to commence a 2,200m drill program at its Ravensthorpe Gold Project in Western Australia, targeting both near mine intersections and regional geochemical anomalies. The company completed a pre-feasibility study confirming the viability of a standalone gold and copper operation at the site, boasting a resource estimate of 1.3 million ounces of gold and 56,000 tonnes of copper. With regulatory approvals in place, drilling is expected to begin in early September, potentially enhancing the project’s already promising economics.
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