Medallion Metal Ltd · ASX:MM8
Medallion Metal — Medallion Metals — RIU Resources Roundup Conference (May 2025)
24 slides from Medallion Metal's conference presentation, May 6, 2025
Slide 1: Investor Presentation
6 May 2025 ASX:MM8 Investor Presentation For personal use only Medallion Metals Limited Managing Director, Paul Bennett will be providing a range of investor updates this week including a presentation to the RIU Resources Roundup Conference. The presentation to be delivered is attached. This announc
Slide 2: Ravensthorpe-Forrestania Sulphide Production Strategy
medallionmetals.com.au For personal use only Ravensthorpe-Forrestania Sulphide Production Strategy Rapid pathway to strong cashflows INVESTOR PRESENTATION ASX: MM8 MAY 2025
Slide 3: Important Notices
Important Notices (read in conjunction with Appendices 5 & 6) 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 upon as a
Slide 4: Near Term, Low Capex Gold Production
ASX: MM8 | Near Term, Low Capex Gold Production Attractively priced near-term Western Australian gold production opportunity For personal use only Medallion is progressing a unique, low capital, near term gold production opportunity by bringing together its substantial Ravensthorpe Gold Project (R
Slide 5: Corporate Overview
Corporate Overview LEADERSHIP CORPORATE STRUCTURE (ASX: MM8) MAY 2025 For personal use only 478.8m $0.23 $107.7m Shares on issue Share price Market cap John Fitzgerald Paul Bennett Anthony James Non-Executive Chair Managing Director Non-Executive Director 28.5m $7.1m $2.9m Mr Bennett is a Mining Eng
Slide 6: Sentiment Returns: WA Gold Developers Stir
Sentiment Returns: WA Gold Developers Stir Market beginning to reward proximity/likelihood of cashflows (these are not new discoveries) For personal use only 12 month share price performance (%) starting May 2024, Company data sources shown in Appendix 8 Company: Black Cat Brightstar Meeka Rox Astra
Slide 7: Sulphide Production Strategy
Sulphide Production Strategy Rapid, low-risk, low-capital pathway to near term cashflow For personal use only Bring Ravensthorpe Mineral Resource together with Forrestania infrastructure to create new gold-copper producer Leverage FNO infrastructure Flotation plant, TSF, grid power Camp, air
Slide 8: Scoping Study: Production Metrics
Scoping Study: Production Metrics High grade, high recovery of gold-copper-silver to concentrate & dore For personal use only Production Inventory: 2.7Mt @ 3.9g/t Au & 0.6% Cu Metallurgical Recovery: 98% Au, 80% Cu Production rate: 0.5Mt per annum Products: Dore & Concentrate (clean, high va
Slide 9: Scoping Study: Financial Metrics
Scoping Study: Financial Metrics Modest upfront capital and rapid payback deliver outstanding risk adjusted returns on investment For personal use only Financial Base Spot (11/04/25) Project Cashflow NSR $m 1,331 1,869 500 Opex & Royalties $m (611) (630) 450 400 Capex (sustaining) $m (150) (150) 350
Slide 10: RGP Mineral Resource
RGP Mineral Resource Significant mineral system within 300m of surface, open in multiple directions Isometric projection of Kundip Sulphide MRE, looking down and to the east. For personal use only 2.5km system strike length, open mulitple directions MRE (global): 19.2Mt @ 2.1g/t Au & 0.3% Cu (1.3M
Slide 11: Multiple Growth Options: District Wide
Multiple Growth Options: District Wide Multiple opportunities to develop the Forrestania-Ravensthorpe belts into a significant gold producing region For personal use only FORRESTANIA GREENSTONE BELT (FGB) POTENTIAL Potential tenement acquisition from IGO considered highly prospective for discovery
Slide 12: Timeline to FID: Strong Pipeline of News Flow
Timeline to FID: Strong Pipeline of News Flow Multiple catalysts for potential re-rating as Medallion advances multiple workstreams toward Final Investment Decision (FID) use only MQ25 JQ25 SQ25 DQ25 Exclusivity Transaction Binding Documents Transaction Close For personal In-fill drilling Testwork P
Slide 13: Medallion Value Proposition
Medallion Value Proposition Low risk and rapid transition from explorer to high margin producer in Western Australia 1. 2. 3. For personal use only Strong leadership Attractively priced Clear pathway to with a track record or relative to peers with +70kozpa AuEq financing, building multiple re-rate
Slide 14: Appendices
For personal use only Appendices
Slide 15: RGP Mineral Resources – Sulphide Subset
Appendix 1 RGP Mineral Resources – Sulphide Subset Mineral resource estimate for the Ravensthorpe Gold Project (fresh component) For personal use only Mineral resources estimate for the Kundip Mining Centre – COG > 2.0g/t AuEq TOTAL RESOURCES kt Au g/t Au koz Cu % Cu kt Indicated 2,990 4.4 420 0.7 2
Slide 16: RGP Mineral Resources - Global
Appendix 2 RGP Mineral Resources - Global Mineral resource estimate for the Ravensthorpe Gold Project, February 2023 For personal use only Mineral resources estimate for the Kundip Mining Centre – February 2023 February 2023 INDICATED INFERRED TOTAL RESOURCES kt Au g/t Au koz Cu % Cu kt kt Au g/t Au
Slide 17: Trilogy Mineral Resources
Appendix 3 Trilogy Mineral Resources Mineral resource estimate for the Trilogy Deposit, March 2018 For personal use only Trilogy – March 2018 kt Au g/t Ag g/t Cu % Pb % Zn % Au koz Ag koz Cu kt Pb kt Zn kt Indicated 129 2.4 85.3 0.5 - - 10 354 0.6 - - Oxide Open pit Inferred 336 1.9 71.7 0.1 - - 21
Slide 18: Exclusivity Agreement – Summary Terms
Appendix 4 Exclusivity Agreement – Summary Terms Binding 9-month (+ 3 month) exclusivity between Medallion Metals Ltd (MM8) and IGO Ltd (IGO) to negotiate the Transaction For personal use only Transaction Assets; Forrestania Tenements including mineral rights, all fixed and mobile plant & infras
Slide 19: Approvals Pathway – Advanced Status
Appendix 5 Approvals Pathway – Advanced Status Forrestania fully permitted, Ravensthorpe significantly advanced For personal use only EPBC Act (Cth); Referral submitted and reviewed, to be assessed under Preliminary Documents Due to reduced disturbance (60Ha), expect clear assessment pathway (
Slide 20: Additional Disclosures
Appendix 6 Additional Disclosures CAUTIONARY STATEMENT The Scoping 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 For personal use only
Slide 21: Risk Factors
Appendix 7 Risk Factors 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 For personal use only acquired i
Slide 22: Company Data Sources (at May 2025)
Appendix 8 Company Data Sources (at 5 May 2025) For personal use only Company Black Cat (ASX: BC8) Brightstar (ASX: BTR) Meeka (ASX: MEK) Rox (ASX: RXL) Astral (ASX: AAR) Medallion (ASX: MM8) Market Capitalisation (A$), $628 million $243 million $339 million $183 million $213 million $108 million cl
Slide 23: Key Scoping Study Outcomes & Assumptions
Appendix 9 Key Scoping Study Outcomes & Assumptions Project Statistics Parameter Units Base Case Spot Pricing Study Highlights: Production • Initial production inventory of 2.7Mt @ 3.9 g/t Au & 0.6 % Cu for 342 koz Au & 16 kt Cu contained Mill throughput rate ktpa 500 500 • Total initial metal produ
Slide 24: Contact
For personal use only CONTACT info@medallionmetals.com.au medallionmetals.com.au MAIN OFFICE Suite 1/11 Ventnor Avenue, West Perth WA 6005 (08) 6424 8700 PROJECT 91 Queen Street, Ravensthorpe WA 6346 @MM8_Medallion
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