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Becoming a 80,000/oz Gold Producer - Investor Q&A with Medallion Metals (ASX: MM8)

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Investing in ASX Small Caps

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Investability's Principal, Dannika Warburton, hosted a live webinar with Medallion Metals (ASX: MM8) Managing Director Paul Bennet on Wednesday 11th March 2026. Medallion is advancing the Ravensthorpe Gold Project (RGP) in Western Australia, located ~550km southeast of Perth at the intersection of the Southern Cross greenstone belt and the Albany Fraser Orogen.

The Company’s 2023 Prefeasibility Study confirmed the technical and commercial viability of the Kundip Mining Centre, outlining a potential operation producing approximately 85,000 ounces of gold and 1,800 tonnes of copper annually (equivalent to ~92,000 ounces of gold). In 2024, Medallion entered an agreement with IGO Limited to acquire key assets from the Forrestania Nickel Operation, including the Cosmic Boy process plant and associated infrastructure. This strategic acquisition provides a pathway to accelerate gold production at Ravensthorpe while reducing capital requirements and permitting timelines.

The Forrestania infrastructure also opens the door to further exploration and growth opportunities across the highly prospective Forrestania greenstone belt, positioning Medallion as an emerging gold and copper producer in Western Australia. 

On this webinar, Paul outlines the company’s development strategy, key project milestones and how the integration of the Ravensthorpe Gold Project and Forrestania processing hub is creating a strong platform for production and future growth.

CHAPTERS:

00:00 Introduction to the Medallion Metals webinar

00:39 Opening remarks and company overview – Paul Bennett

01:07 Forrestania acquisition and company transformation 

03:59 How investors should view Medallion today

05:19 Two-hub production strategy – Ravensthorpe and Forrestania

06:25 Capital-efficient development using existing infrastructure

07:44 Valuation gap and potential re-rating catalysts

08:41 Pathway to first gold production and key milestones

10:01 Workforce accommodation and camp strategy

10:48 District-scale exploration opportunity

12:39 Forrestania exploration strategy and Lounge Lizard

15:10 Regional consolidation opportunities

15:41 Energy cost sensitivity and operating costs

16:23 Board and management capability to build a producer

17:30 Mine life potential and long-term growth strategy

20:50 Stockpiles and toll treatment options

23:15 Investment thesis and company strategy summary

24:10 Final investor message from Paul Bennett

25:24 Webinar closing remarks

Reach out to the Medallion IR team at investors@investability.com.au

About Investability:

Investability is an investor relations consultancy with a successful track record of connecting growth-focused companies with quality investors. Specialising in the representation of ASX companies, we combine deep technical expertise in capital markets with practical insights from our institutional buy-side and sell-side experience. Learn more at www.investability.com.au.

Disclaimer: The information in this video is general information only and should not be taken as personal or investment advice. Investability is not a financial adviser and does not provide financial advice. You should seek independent legal, financial, taxation and/or other advice to check how the general information from this website relates to your personal circumstances. Neither Investability or the panellists are liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by viewing this video.

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Investing in ASX Small Caps

Australia's small cap market moves fast, and the gap between informed and uninformed can be signific 
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