Medallion Metals (ASX:MM8) has commenced a major drilling program at its flagship Ravensthorpe Gold Project in Western Australia, targeting the Kundip Mining Centre.
The program, comprising approximately 18,000m of combined reverse circulation and diamond drilling, aims to increase the size and confidence of the high-grade sulphide mineral resource at KMC.
The drilling will support detailed underground mine planning and optimisation studies ahead of potential mining operations, subject to approvals and funding.
Key objectives include upgrading portions of the inferred resource to indicated classification, improving geological certainty for early ore drive development, and testing extensions to the Gem and Harbour View lodes.
Medallion Managing Director Paul Bennett said, "With the feasibility study finalised, we’re moving quickly toward development at Ravensthorpe. This drilling is a critical first step in preparing the project for production, supporting resource growth, and testing opportunities at depth."
The company is also progressing permitting, preparatory engineering work at the Cosmic Boy Concentrator, and early infrastructure at KMC.
A site visit and board meeting in January will coincide with consideration of a final investment decision, while the proposed acquisition of Forrestania assets is on track for financial close in February.
At the time of reporting, Medallion Metals' share price was $0.44.