Medallion Metals Limited has commenced its first helicopter-borne airborne electromagnetic survey across the Ravensthorpe Gold Project in Western Australia.

The 120-square-kilometre survey covers approximately 1,245 line-kilometres along the Mt Cattlin-Kundip-Trilogy corridor. The program aims to identify new gold-copper sulphide targets following recent drilling success at the Kundip Mining Centre, where high-grade sulphide mineralisation demonstrated a strong electromagnetic response.

“Recent success with downhole electromagnetics at Kundip has given us the confidence to deploy our first Airborne EM survey across the Ravensthorpe Gold Project. Covering the highly prospective Mt Cattlin to Trilogy corridor, the program provides a rapid and cost-effective way to identify additional sulphide exploration targets and prioritise follow-up drilling. As we continue advancing Ravensthorpe towards development, the survey has the potential to further demonstrate the value of our dominant and strategic ground holding in a region highly prospective for gold and copper. We also appreciate the support of the Western Australian Government through the Exploration Incentive Scheme, which supports the technical merit of this program.”

— Paul Bennett, Managing Director

The Western Australian Government is co-funding the program through a $135,000 grant awarded under the Exploration Incentive Scheme.

The survey data acquisition and processing are scheduled for completion in the third and fourth quarters of 2026. Interpretation of the results and the generation of priority exploration targets are expected before the end of the fourth quarter, paving the way for follow-up ground electromagnetic surveys and drill testing through 2026 and 2027.

The geophysical work runs alongside broader development preparations at Ravensthorpe. Medallion secured final regulatory approvals for the project, including the Mining Development and Closure Plan and a Section 45C amendment to Ministerial Statement 1143, to advance construction.

In parallel, Medallion introduced an Early Production Strategy to utilise existing infrastructure at the Forrestania Gold Project, including the Cosmic Boy Concentrator, to generate early cash flow ahead of primary Ravensthorpe ore treatment. Processing operations under this strategy are scheduled to commence at Forrestania in the fourth quarter of 2026.

Read the full announcement: Airborne EM Survey Commences at Ravensthorpe