• Medallion Metals has placed an order for a new secondary ball mill to enable processing and recovery of gold and copper at target production rates
• Ball mill procurement to be progressed under a letter agreement with GR Engineering Services Limited following confirmation of engineering requirements
• Securing this long lead time item will minimise the planned development timeframe for the Sulphide Production Strategy

Medallion Metals Limited (ASX: MM8) has placed an order for a new secondary ball mill, a key long lead time item associated with planned modifications and additions to the Cosmic Boy Concentrator (CBC) to enable the processing and recovery of gold and copper at target production rates. The ball mill procurement will be progressed under a letter agreement with GR Engineering Services Limited (GRES) following confirmation of engineering requirements to achieve 650ktpa throughput rate at CBC from 100% Ravensthorpe Gold Project (RGP) fresh feed. Securing this long lead time item will minimise the planned development timeframe for the Sulphide Production Strategy (SPS), involving mining at Ravensthorpe and processing at Forrestania. The Feasibility Study (FS) is rapidly progressing with completion scheduled for October 2025 and Final Investment Decision (FID) targeted in December 2025. Medallion continues to evaluate securing other long lead time items and implementing additional de-risking steps which can minimise the time between Final Investment Decision and first production.

Medallion is targeting a throughput rate of 650ktpa at a target grind size of P80 75 microns based on 100% of feed being sourced from RGP sulphide material.