Dig Deep Transforming Gold and Copper Mining: Paul Bennett on Medallion Metals' Vision for Ravensthorpe
In this episode, we chat with Paul Bennett, Managing Director of Medallion Metals, who are on a pathway to transforming the landscape for gold and copper mining in Western Australia with its flagship Ravensthorpe Gold Project.
They have been making headlines with a major upgrade at Ravensthorpe, a feasibility study on the horizon, and a transformational deal to acquire the Forrestania operation. We’ll be talking with Paul about how the upgraded resource reshapes the mine plan, the path to a final investment decision, and how existing infrastructure at Forrestania could accelerate the company’s journey to production.
KEY TAKEAWAYS
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Medallion Metals is a pre-production gold and copper producer in Western Australia, with a market capitalization of approximately $230 million and $25 million in cash reserves.
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The company is focused on advancing its flagship Ravensthorpe Gold Project and aims to produce 70,000 to 80,000 ounces of gold per annum.
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The recent upgrade of the sulfide resource to nearly one million ounces has reshaped Medallion's development strategy, allowing for a more focused approach on the underground sulfide component
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A feasibility study is expected to be completed by the end of October, with key work streams including mining study optimisations and metallurgical test work
BEST MOMENTS
"The Sulfide Development Strategy has been transformational... it’s all about compressing time, compressing capital to get to first production."
"We expect that mine life will continue from there... we’ve unlocked the code now and we're getting closer and closer to production."
"The cash balance is well and truly funds us through to final investment decision... we’re really well placed in that sense."
"We think there's a lot of upside... the deposit's relatively shallowly drilled. It's only drilled to an average depth of 100 metres."
VALUABLE RESOURCES
Mail: rob@mining-international.org
LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/
X: https://twitter.com/MiningRobTyson
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast
Web: http://www.mining-international.org
GUEST SOCIALS
X: https://x.com/MM8_Medallion
Linkedin: https://www.linkedin.com/company/medallion-metals-limited/
Website: https://medallionmetals.com.au/
Contact: info@medallionmetals.com.au
CONTACT METHOD
https://www.linkedin.com/in/rob-tyson-3a26a68/
Podcast Description
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.
This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/