• Confirmatory drilling results at the Kundip Mining Centre (KMC) increase confidence in the early stages of the mine plan ahead of planned underground mine development in August 2026
• Significant assays from this drilling at KMC include high-grade gold, copper and silver intercepts
• Drilling results confirm the western extent of the historical mine workings at the Gem deposit, with potential for lode repetitions to be tested through further geophysical interpretation and follow-up extensional drilling

Medallion Metals Limited (ASX:MM8) is pleased to report drilling results from the Kundip Mining Centre (KMC), part of the Company's Ravensthorpe Gold Project (RGP), located 550km south-east of Perth in Western Australia. The ongoing drilling program at KMC is focused on increasing confidence in the early stages of the mine plan ahead of planned development commencing in August 2026. Significant assays from this drilling at KMC include high-grade gold, copper and silver intercepts such as 5.3m @ 33.3g/t Au, 1.7% Cu, 11.7g/t Ag (182.7g/t AuEq) from 356m, 5.0m @ 11.4g/t Au, 0.2% Cu, 3.8g/t Ag (11.6g/t AuEq) from 103m, and 12.0m @ 9.9g/t Au, 1.8% Cu, 10.3g/t Ag (11.4g/t AuEq) from 58m. The drilling results confirm the western extent of the historical mine workings at the Gem deposit, with potential for lode repetitions to be tested through further geophysical interpretation and follow-up extensional drilling. The eastern extent of mine workings at the Gem deposit have also been extended and remain open with potential for further growth.