Medallion Metals Ltd. has obtained regulatory approval for the development of its Ravensthorpe gold project in Western Australia, clearing the final regulatory hurdle for the development.
The company said the approval was granted under the Environment Protection and Biodiversity Conservation Act (EPBC Act).
With all the primary environmental approvals now in place, Medallion can now advance its final development planning and execution activities.
The EPBC approval removes the permitting risk for Medallion’s sulphide production strategy which involves underground mining at Ravensthorpe and processing at Forrestania.
“Securing EPBC approval is a significant milestone for Medallion and reflects the quality of the project and the disciplined and thorough approach taken throughout the assessment process,” said Medallion Managing Director Paul Bennett.
“With the final environmental approval now in place, we have materially reduced development risk at Ravensthorpe and are well positioned to advance the project toward development and production with certainty.”
Ravensthorpe is Medallion’s flagship project located at the intersection of the Southern Cross greenstone belt and the Albany Fraser Orogen.
The company’s 2023 prefeasibility study highlights an operation capable of producing 85,000 ounces of gold and 1,800 tonnes of copper annually.
