MM8.ASX: High-Grade Drilling Extends Gem at Ravensthorpe

High-Grade Drilling Extends Gem at Ravensthorpe

Stock	Medallion Metals Ltd (MM8.ASX)
Release Time	27 Jul 2026, 8:31 a.m.
Price Sensitive	Yes

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Medallion Metals Reports High-Grade Drilling Results at Ravensthorpe

Key Points

High-grade results strengthen confidence in Kundip mineralised system
Gem deposit extended to the east and at depth
Significant assays include 4.92m @ 15.5 g/t Au, 0.9% Cu

Full Summary

Medallion Metals Limited (ASX:MM8) reports new drilling results from the Kundip Mining Centre (KMC) at the Ravensthorpe Gold Project. The drilling highlights the broader growth potential of the deposit at depth and increases confidence in the early mine plan. Significant intersections include 4.92m @ 15.5 g/t Au, 0.9% Cu (16.3g/t AuEq) and 3.29m @ 16.5 g/t Au, 0.6% Cu (17.1g/t AuEq). Managing Director Paul Bennett commented that these results reinforce the view that the Kundip Mining Centre has significant long-term growth potential.

Outlook

The latest drilling extends known mineralisation at Gem and provides further support for the interpreted Hillsborough Deeps position, highlighting the potential for additional mineralisation beneath the current Mineral Resource at the Kundip Mining Centre (KMC).