Australia's Medallion Metals rises on environmental approval for WA project

Forrestania Resources

03/02/2026 02:20

* Shares of Medallion Metals MM8.AX rise as much as 4.4% to A$0.47, their highest level since January 27

** Gold-copper miner receives approval under the Environment Protection and Biodiversity Conservation Act 1999 for development of Ravensthorpe gold project in Western Australia with processing at Forrestania FRS.AX

** This is the last primary environmental approval required for co to progress its sulphide production strategy

** Co is positioned to advance final development planning once it completes proposed Forrestania acquisition

** Stock up 8.1% YTD, including the session's moves

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))