Medallion Metal Ltd · ASX:MM8
Medallion Metal — Medallion Metals — Gold Coast Gold Conference (April 2025)
25 slides from Medallion Metal's conference presentation, Apr 15, 2025
Slide 1: Investor Presentation ASX Announcement
15 April 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 Gold Coast Gold Conference. The presentation to be delivered is attached. This announceme
Slide 2: Sulphide Production Strategy: Rapid pathway to strong cashflows
medallionmetals.com.au Ravensthorpe-Forrestania For personal use only Sulphide Production Strategy Rapid pathway to strong cashflows INVESTOR PRESENTATION ASX: MM8 APRIL 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 Medallion is progressing a unique, low capital, near term gold production opportunity by bringing together its substantial For personal use only ❖ Ravensthorpe Gold Project (R
Slide 5: Corporate Overview
Corporate Overview LEADERSHIP CORPORATE STRUCTURE (ASX: MM8) APRIL 2025 For personal use only 478.8m $0.26 $124.5m Shares on issue Share price Market cap John Fitzgerald Paul Bennett Anthony James Non-Executive Chair Managing Director Non-Executive Director 28.5m $9.0m $2.9m Mr Bennett is a Mining E
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 April 2024, Company data sources shown in Appendix 8 Company: Black Cat Brightstar Meeka Rox Ast
Slide 7: Sulphide Production Strategy
Sulphide Production Strategy Rapid, low-risk, low-capital pathway to near term cashflow ❖ Bring Ravensthorpe Mineral Resource together with Forrestania For personal use only 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 & doré 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 Financial Base Spot (11/04/25) Project Cashflow For personal use only 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: KMC In-fill Drilling: Outperforming
KMC In-fill Drilling: Outperforming 15,000 metre in-fill program underway to improve confidence in first ~3 years of the mine plan Recent + 20gxm Au hits6: Gem Harbour View For personal use only ❖ 10m @ 19.9 g/t Au, 3.2 % Cu ❖ 6.5m @ 20.2 g/t Au, 5.0% Cu ❖ 4m @ 15.6 g/t Au, 0.7 % Cu ❖ 5 m @ 9.1 g/t
Slide 12: Multiple Growth Options: District Wide
Multiple Growth Options: District Wide Multiple opportunities to develop the Forrestania-Ravensthorpe belts into a significant gold producing region FORRESTANIA GREENSTONE BELT (FGB) POTENTIAL For personal use only ❖ Potential tenement acquisition from IGO considered highly prospective for discovery
Slide 13: 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) MQ25 JQ25 SQ25 DQ25 use only Exclusivity personalTransaction Binding Documents Transaction Close In-fill drilling Testwork ForPro
Slide 14: 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 15: Appendices
For personal use only Appendices
Slide 16: RGP Mineral Resources – Sulphide Subset
Appendix 1 RGP Mineral Resources – Sulphide Subset Mineral resource estimate for the Ravensthorpe Gold Project (fresh component) Mineral resources estimate for the Kundip Mining Centre – COG > 2.0g/t AuEq For personal use only TOTAL RESOURCES kt Au g/t Au koz Cu % Cu kt Indicated 2,990 4.4 420 0.7 2
Slide 17: RGP Mineral Resources - Global
Appendix 2 RGP Mineral Resources - Global Mineral resource estimate for the Ravensthorpe Gold Project, February 2023 Mineral resources estimate for the Kundip Mining Centre – February 2023 February 2023 For personal use only INDICATED INFERRED TOTAL RESOURCES kt Au g/t Au koz Cu % Cu kt kt Au g/t Au
Slide 18: Trilogy Mineral Resources
Appendix 3 Trilogy Mineral Resources Mineral resource estimate for the Trilogy Deposit, March 2018 Trilogy – March 2018 kt Au g/t Ag g/t Cu % Pb % Zn % Au koz Ag koz Cu kt Pb kt Zn kt For personal use only 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 19: 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; ❖ Cosmic Boy Tenements, Process Plant and associated infrastructure ❖ Transaction Con
Slide 20: 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 validated, decision scheduled for 5 February 2025 ❖ Due to reduced disturbance (60Ha), expect clear assessment pathway (3-6
Slide 21: 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 and trucking of the m
Slide 22: 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 acquired in the future, will res
Slide 23: Company Data Sources (at April 2025)
Appendix 8 Company Data Sources (at 8 April 2025) Company Black Cat (ASX: BC8) Brightstar (ASX: BTR) Meeka (ASX: MEK) Rox (ASX: RXL) Astral (ASX: AAR) Medallion (ASX: MM8) For personal use only Market Capitalisation (A$), $648 million $240 million $402 million $213 million $224 million $125 million
Slide 24: 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 25: 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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