Medallion Executes Ore Processing & Profit Share Term Sheet
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| Stock | Medallion Metals Ltd (MM8.ASX) |
|---|---|
| Release Time | 22 Jul 2026, 8:22 a.m. |
| Price Sensitive | Yes |
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Medallion Metals Executes Ore Processing & Profit Share Term Sheet
Key Points
- Non-Binding Ore Processing and Profit Share agreement: executed with TG Metals
- Additional Processing Feed: complementing the recently announced Toll Processing Agreement
- Commercial Structure: establishment and operating costs recovered before any pre-tax profit is shared 50:50 with TG Metals
Full Summary
Medallion Metals Limited (ASX:MM8) has executed a non-binding Term Sheet with TG Metals Limited (ASX:TG6) to process approximately 60kt of gold-bearing stockpiles from TG Metals' Van Uden Gold Project through Medallion's Cosmic Boy Concentrator. The proposed Ore Processing and Profit Share arrangement will provide an additional source of processing feed for Medallion's Early Production Strategy, complementing the recently announced Toll Processing Agreement. The stockpiles are expected to be processed using available capacity at the Cosmic Boy Concentrator ahead of planned Ravensthorpe ore treatment, with no impact on the Company's development schedule or targeted commencement of production from the Ravensthorpe Gold Project.
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