In addition to RGP, multiple strategic growth opportunities present themselves through the establishment of gold processing capability at FNO. The Forrestania greenstone belt is a historically significant gold producing region, which includes the Bounty Gold Mine (historical production approximately 1.4Moz at 5.1 g/t gold) and remains 1 Premised upon 30 June 2024 cash and receivables as disclosed in the Company’s quarterly report released on ASX on 31 July 2024 plus the Placement proceeds (before costs).
Medallion Metals Limited ASX Announcement
Page 3 of 4 highly prospective for gold with multiple deposits and prospects situated within economic trucking distance of Cosmic Boy.
So per above does this mean MM8 will or has sought to enter into discussions with Wesfarmers to acquire or joint venture as to Bounty gold reserve/resources some 1,200,000 Oz of gold that Wesfarmers own 100% at Mt Holland (Bounty Mine) ?????
MM8 Price at posting:
5.5¢ Sentiment: None Disclosure: Not Held
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