Medallion Metal Ltd · ASX:MM8
Medallion Metal — Medallion Metals — Diggers & Dealers 2026
19 slides from Medallion Metal's conference presentation, Aug 4, 2026
Slide 1: Building a Scalable WA Gold Producer
Building a Scalable WA Gold Producer DIGGERS & DEALERS AUGUST 2026 ASX:MM8 medallionmetals.com.au
Slide 2: Important Notices
Important Notices (Read in conjunction with Appendices 4 & 5) ASX:MM8 Nature of Document This presentation has been prepared and issued by Medallion Metals Ltd (Company) to provide general information about the Company. The information in this document is in summary form and should not be relied upo
Slide 3: Capital Light | Strong Margins | Growth Optionality
Capital Light | Strong Margins | Growth Optionality ASX:MM8 Ravensthorpe Gold Project Forrestania Gold Project Production Profile Growth 1,2 950koz @ 5.2 g/t AuEq Infrastructure + Production Dual Production Assets 75kozpa Initial Production Rate Cosmic Boy Processing Plant Early Production Strategy
Slide 4: Corporate Overview
Corporate Overview Board & Management Capital Structure 799m Shares on issue $336m $0.42 JOHN FITZGERALD NON-EXECUTIVE CHAIR PAUL BENNETT MANAGING DIRECTOR DAVID KELLY NON-EXECUTIVE DIRECTOR SIOBHAN PELLICCIA NON-EXECUTIVE DIRECTOR Market cap Share price (03/08/26) $54m 31m Cash (30 June 26) Options
Slide 5: Sulphide Production Strategy
Sulphide Production Strategy ASX:MM8 Two assets combining production, infrastructure and growth Building a Business, Not Just a Mine Ravensthorpe Forrestania Production Asset Infrastructure and Growth RESOURCE PROCESSING INFRASTRUCTURE High-Grade +1Moz Au/Cu System Cosmic Boy - 650ktpa Flotation Pla
Slide 6: Feasibility Study | Strong Project Economics
Feasibility Study | Strong Project Economics ASX:MM8 Capital-efficient pathway to ~ 80kozpa AuEq with clear Growth Strategy Base Case Metrics 77kozpa $2,279/oz $861M $443M 87% 1YR (A$5,200/oz) AVG METAL PROD. AISC PROJECT NPV(8) IRR PAYBACK *pre-tax CASHFLOW Project Capex $138M Production Profile Ca
Slide 7: Early Processing Strategy
Early Processing Strategy ASX:MM8 Low capital, Low risk, Revenue generation Activate Existing Plant to Recover Gold Carbon Stripping & Dore Smelt with Third Party $2.1M Implementation Capital, Rapid Payback 260kt Contracted to Date @ $100/t Stable Revenue Source Early Cashflow Operational De-Risking
Slide 8: Kundip Mining Centre (KMC)
Kundip Mining Centre (KMC) ASX:MM8 Sulphide MRE: 950koz AuEq @ 5.2g/t AuEq 1.1Moz Global MRE Significant Mineralised 100km+ Drilled System Shallowly drilled for an Archaean Gold Lode Lodes open at depth and along strike New lode positions confirmed at Gem & Harbour View Increasing Cu grades at depth
Slide 9: Forrestania Gold Project (FGP)
Forrestania Gold Project (FGP) ASX:MM8 Infrastructure with embedded option on gold discovery 900km2 Tenement Package, dominant greenstone position Historical & Fertile Goldfield (Bounty 1.3Moz @ 5g/t) Mature field underexplored for gold Extensive Dataset: Drilling, Geochem & Geophys 53 Au targets id
Slide 10: Lounge Lizard
Lounge Lizard ASX:MM8 Emerging Second Feed Source for Cosmic Boy Large Historical Dataset (450 drill holes) Drilled over 1km strike @ 25m centres Drilling to > 450m depth, open at depth/strike Assays pending on MM8 drilling Mineral Resource update pending Option Study for Second Feed Source to CBC I
Slide 11: Pathway to Production
Pathway to Production ASX:MM8 Key Development Milestones Across Ravensthorpe and Forrestania Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027 Q3 2027 RAVENSTHORPE (RGP) KMC Drilling KMC Approvals Mine Site Early Works Mine Development First Ore & Stable Production FORRESTANIA (FGP) Forrestania Resource Growt
Slide 12: Building a Scalable Gold Business
Building a Scalable Gold Business Production Base, Infrastructure Advantage and Multiple Long-Term Growth Options Assets, Team & Production Clear Pathway Strategy Re-rate Attractively priced & Permitted, Funded & Capital efficient, rapid & backable business Executing low risk path to production Cata
Slide 13: Contact
CONTACT MAIN OFFICE PROJECTS info@medallionmetals.com.au Level 1, 50 Kings Park Road, 91 Queen Street, West Perth WA 6005 Ravensthorpe WA 6346 medallionmetals.com.au (08) 6424 8700 Cosmic Boy Concentrator, @MM8_Medallion Cosmic Boy-Diggers Rocks Rd, Forrestania WA
Slide 14: Appendices
Appendices
Slide 15: RGP Mineral Resources – Sulphide Subset
Appendix 1 RGP Mineral Resources – Sulphide Subset ASX:MM8 Mineral Resource Estimate for the Ravensthorpe Gold Project (fresh component) Mineral Resources Estimate for the Kundip Mining Centre – COG > 2.0g/t AuEq, August 2025 Total Resources kt Au g/t Au koz Cu % Cu kt AuEq g/t AuEq koz Indicated 3,
Slide 16: RGP Mineral Resources - Global
Appendix 2 RGP Mineral Resources - Global ASX:MM8 Mineral Resource Estimate for the Ravensthorpe Gold Project, August 2025 Mineral resources estimate for the Kundip Mining Centre – August 2025 INDICATED INFERRED TOTAL RESOURCES kt Au g/t Au koz Cu % Cu kt kt Au g/t Au koz Cu % Cu kt kt Au g/t Au koz
Slide 17: Feasibility Outcomes & Assumptions
Project Statistics Appendix 3 Parameter Units Base Case Spot Pricing Production Feasibility Outcomes & Assumptions Mill throughput rate Life of mine ktpa years 650 5.7 650 5.7 ASX:MM8 Ore mined and processed Mt 3.5 3.5 Study Highlights: Au grade g/t 3.6 3.6 • Initial production inventory of 3.5Mt @
Slide 18: Additional Disclosures
Appendix 4 Additional Disclosures ASX:MM8 Cautionary Statement The Feasibility Study (Study) referred to in this presentation has been undertaken by Medallion to evaluate the technical and commercial viability of establishing an underground mining operation at its Ravensthorpe Gold Project and truck
Slide 19: Risk Factors
Appendix 5 Risk Factors ASX:MM8 Exploration & Development The reader should understand that mineral exploration and development are high-risk undertakings. There can be no assurance that future exploration of the Company’s tenements, or any other mineral licences that may be acquired in the future,