Medallion Metals will go ahead with its $138 million plan to develop its Ravensthorpe gold mine, after securing offtake and finance from global trading house Trafigura.
Medallion Metals has announced plans to raise up to $60 million, as it moves towards potentially acquiring the Forrestania nickel operation from IGO next year.
Explorer Medallion Metals has finalised a deal to buy IGO's Forrestania operation, targeting gold production from its Ravensthorpe project by late 2025.
Medallion Metals has received an influx of offtake interest in its Ravensthorpe copper-gold asset after the market learnt of its possible deal with critical minerals miner IGO.
IGO has struck an agreement deed with Medallion Metals for the possible divestment of assets at its Forrestania project, another step in a major restructuring of its struggling nickel business.
Elevate Uranium and Valor Resources have raised funds to advance their uranium projects, while fellow WA companies Saturn Metals and Medallion Metals are continuing their search for gold.
Besra Gold has returned to the ASX after a restructuring, while E79 Gold Mines has started trading and Medallion Metals has spun out its nickel assets.
Metal Hawk's share price closed up 30 per cent on its first day of trading, while fellow gold explorer Medallion Metals has sought an ASX listing before Christmas.
