Ravensthorpe Fully Approved for Development

• Key regulatory approvals secured for Medallion's integrated production strategy.
• Mine Development and Closure Plan approved for the Ravensthorpe Gold Project.
• Section 45C amendment to Ministerial Statement 1143 approved.

Medallion Metals Limited (ASX: MM8) announced that it has secured all key regulatory approvals required to commence development of the Ravensthorpe Gold Project (RGP). The approvals include the Mining Development and Closure Plan (MDCP) and the Section 45C amendment to Ministerial Statement 1143. These approvals allow Medallion to begin development activities in accordance with its published project execution schedule. With regulatory hurdles cleared, the company will focus on execution, early cash flow through the Early Production Strategy, and the commencement of mine development at Ravensthorpe.

First Ravensthorpe ore targeted Q2 CY2027.

Medallion Metals remains committed to delivering on its production strategy and creating long-term value through disciplined execution.