MM8 1.89% 5.4¢ medallion metals limited.

Very happy with the result.@seaman91, you were near spot on with...

  1. 591 Posts.
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    Very happy with the result.

    @seaman91, you were near spot on with the guesstimate.

    Based on the results achieved so far, the additional ~20,000m already drilled should get us pretty close to the 1.5Moz gold target (much higher if using AuEq reference). MM8 will certainly be on a few radars.

    Revised in-ground resource value estimate based on MRE update: ($3.2B at study recovery rates)

    https://hotcopper.com.au/data/attachments/4427/4427730-85fa9de98dafbb88ff7ce07cce753990.jpg

    The last PFS showed an AISC of around $850USD ($1203AUD - as taken from the investor presentations) per ounce which did not include the copper and silver credits. (AUD to USD conversion figure based on today's conversion rates) Granted, that figure is not static and is impacted by many variables but the Copper and Silver credits should have a significant impact on the ultimate AISC.

    One more box ticked and lots more to look forward to.
 
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