• Eligible shareholders can purchase between A$2,000 to A$30,000 worth of shares
• Offer price of A$0.33 per share, a 20.8% discount to 5-day VWAP
• Proceeds to be used for Front End Engineering and Design, Forrestania acquisition, and infill/extensional drilling

Medallion Metals Limited (ASX: MM8) is offering eligible shareholders the opportunity to participate in a Share Purchase Plan (SPP). Under the SPP, eligible shareholders can purchase between A$2,000 and A$30,000 worth of ordinary shares in the company, in increments of A$2,000, without incurring brokerage or transaction costs. The issue price for the shares is A$0.33 per share, which represents a 20.8% discount to the 5-day volume weighted average market price prior to the announcement of the SPP. The company is seeking to raise approximately A$5 million under the SPP, with the ability to accept oversubscriptions to raise up to an additional A$5 million. Proceeds from the SPP, along with the recently announced Placement, will be used towards Front End Engineering and Design (FEED) for the Cosmic Boy processing infrastructure, early infrastructure and site preparation works at the Kundip Mining Centre, the proposed acquisition of Forrestania, and infill and extensional drilling at the RGP project to improve the size and confidence in the existing Mineral Resource. The SPP offer is open to eligible shareholders with a registered address in Australia or New Zealand who were registered as holders of shares as at 5:00 pm (AWST) on 12 December 2025.