Medallion Metals secures EPBC approval for Ravensthorpe Gold Project

Medallion Metals has secured support nether the Environment Protection and Biodiversity Conservation Act 1999 (EPBC Act) for the Ravensthorpe Gold Project development.

This represents the last superior biology consent indispensable for its sulphide accumulation strategy, including underground mining astatine Ravensthorpe and processing astatine Forrestania.

The Ravensthorpe Gold Project is focused connected the historical Kundip mining centre, which is situated betwixt the determination centres of Ravensthorpe and Hopetoun.

As of February 2023, the Joint Ore Reserve Committee 2012 mineral assets estimation (MRE) for the task has been updated to a full of 1.62 cardinal ounces (moz) of golden equivalent astatine a people of 2.6 grams per tonne (g/t) golden equivalent. This includes 1.3moz of golden and 59,000t of copper.

The expanded mineral assets estimation for the task presently amounts to 19.5mt astatine a people of 2.1g/t golden and 0.3% copper, encompassing 1.3moz of golden and 59,000t of contained copper metal.

The EPBC determination removes important permitting risk, enabling Medallion to proceed with last improvement planning.

Medallion Metals has secured superior approvals astatine some the national and authorities levels and is acceptable to determination guardant with its plans, contingent connected the projected acquisition of Forrestania.

The project’s advancement is besides taxable to securing the indispensable secondary licences and approvals required nether Western Australian legislation.

Medallion managing manager Paul Bennett said: “Securing EPBC support is simply a important milestone for Medallion and reflects the prime of the task and the disciplined and thorough attack taken passim the appraisal process.

“I would similar to admit the enactment of the Medallion squad and our advisers successful progressing the support efficiently and wrong expected clip frames. Similarly, the squad astatine the Department of Climate Change, Energy, the Environment and Water should beryllium commended for the wide connection and timely responses passim the appraisal process.

“With the last superior biology support present successful place, we person materially reduced improvement hazard astatine Ravensthorpe and are good positioned to beforehand the task toward improvement and accumulation with certainty.”

In August 2025, Medallion Metals entered into a conditional binding statement with IGO to afloat get the Forrestania Nickel Operation successful Western Australia.

The acquisition intends to found a caller golden and copper accumulation entity by integrating Medallion's resources from the Ravensthorpe Gold Project with the existing infrastructure astatine Forrestania.