Medallion Metals
Primary ticker: ASX:MM8
Stage of development: Exploration, Development
Primary minerals:Gold, Copper
Project to promote: Ravensthorpe Gold Project
Project location: Australia
Website: www.medallionmetals.com.au
Medallion Metals is a minerals exploration company based in Perth, Western Australia. The Company is focused on building resources at its flagship Ravensthorpe Gold Project (RGP) to critical mass that will support the development of a long-life, low-cost gold and copper mine. Situated 500km south-east of Perth, RGP is located in an historically proven mineral field and represents an exciting belt scale advanced exploration opportunity with near term development optionality.
Cash: AUD 3.9M
Debt: AUD 2.9M
Major shareholders:
Bolong – 22%
Langyu – 7%
Minmetals – 7%
Fan Rong – 9%
Management Ownership – 5%
Financials
Management Profile
Paul Bennett – Managing Director
Mr Bennett is a Mining Engineer with an MBA who has extensive experience in the operation, development and financing of resource companies and projects over a 25-year period. He has worked in technical, management and business development roles for Newcrest, Western Metals and Panoramic Resources and holds a WA First Class Mine Manager’s Certificate. For nine years Mr Bennett was a senior executive at RMB Resources, the resources investment banking business of Rand Merchant Bank where he specialised in the provision of equity, quasi-equity/mezzanine and debt financing for small to mid-sized resource companies across a range of commodities and jurisdictions. Mr Bennett is a Non-Executive Director of ASX listed NickelSearch Limited and was a Non-Executive Director of Horizon Gold Ltd between August 2016 and July 2020.
Mr Bennett is a Mining Engineer with an MBA who has extensive experience in the operation, development and financing of resource companies and projects over a 25-year period. He has worked in technical, management and business development roles for Newcrest, Western Metals and Panoramic Resources and holds a WA First Class Mine Manager’s Certificate. For nine years Mr Bennett was a senior executive at RMB Resources, the resources investment banking business of Rand Merchant Bank where he specialised in the provision of equity, quasi-equity/mezzanine and debt financing for small to mid-sized resource companies across a range of commodities and jurisdictions. Mr Bennett is a Non-Executive Director of ASX listed NickelSearch Limited and was a Non-Executive Director of Horizon Gold Ltd between August 2016 and July 2020.
What is your rationale for taking part in 121 Mining Investment?
Medallion is seeking contacts with high net worth and institutional investors who are bullish on gold and are comfortable with exposure to advanced exploration and development upside. The Company will have ongoing capital requirements as it advances through study phases and continues infill, extensional and regional drilling programmes. A Pre-Feasibility Study is well advanced and is expected to be released in the fourth quarter 2023 demonstrating the strong technical and commercial merits of the Ravensthorpe Gold Project.
What recent news would you like to highlight to investors attending?
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What are your key goals in 3 months, 6 months, 12 months?
3 Months:
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6 Months:
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12 Months:
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What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Access to capital is the key risk to the Company. The business is focussed on de-risking the existing Mineral Resources while funding is tight and as a result has deferred further drilling to preserve cash. Various funding solutions are being explored to take the business through to Final Investment Decision.
What do you think makes your company such a compelling investment?
Assets are located in an outstanding jurisdiction. Medallion is attractively priced relative to its peers. The Mineral Resource at Kundip has both scale (1.5Moz AuEq) and grade (>2.5g/t AuEq). It is shallowly drilled and open in multiple directions so has the ability to grow with further investment. Medallion’s assets represent one of the few legitimate greenfield gold development opportunities in WA with the potential to produce 100kozpa AuEq for up to 10 years and beyond.
What are the top 3 key investor takeaways?
Quality Assets
Quality Management
Attractively Priced