• Final approval granted under the EPBC Act for the development of Ravensthorpe Gold Project
• EPBC decision represents the final primary environmental approval required to progress Medallion's sulphide production strategy
• With Federal and State primary approvals in place, the Company is positioned to advance final development planning

Medallion Metals Limited (ASX:MM8) ('Medallion' or 'the Company') advises that approval has been granted under the Environment Protection and Biodiversity Conservation Act 1999 (Cth) (EPBC Act) for the development of the Ravensthorpe Gold Project (RGP) with processing at Forrestania (Project). The EPBC decision represents the final primary environmental approval required for the development of RGP and removes a material permitting risk for the Company's sulphide production strategy which involves underground mining at Ravensthorpe and processing at Forrestania. With all primary environmental approvals now in place, Medallion is positioned to advance final development planning and execution activities. Progression of the Project remains subject to completion of the proposed acquisition of Forrestania and obtaining certain secondary licences and approvals under Western Australian legislation. Managing Director Paul Bennett commented that securing EPBC approval is a significant milestone for Medallion and reflects the quality of the Project and the disciplined and thorough approach taken throughout the assessment process.