Medallion Metals has secured approval under the Environment Protection and Biodiversity Conservation Act 1999 (EPBC Act) for the Ravensthorpe Gold Project development.
This represents the final primary environmental consent necessary for its sulphide production strategy, including underground mining at Ravensthorpe and processing at Forrestania.
The Ravensthorpe Gold Project is focused on the historic Kundip mining centre, which is situated between the regional centres of Ravensthorpe and Hopetoun.
As of February 2023, the Joint Ore Reserve Committee 2012 mineral resource estimate (MRE) for the project has been updated to a total of 1.62 million ounces (moz) of gold equivalent at a grade of 2.6 grams per tonne (g/t) gold equivalent. This includes 1.3moz of gold and 59,000t of copper.
The expanded mineral resource estimate for the project currently amounts to 19.5mt at a grade of 2.1g/t gold and 0.3% copper, encompassing 1.3moz of gold and 59,000t of contained copper metal.
The EPBC decision removes significant permitting risk, enabling Medallion to proceed with final development planning.
Medallion Metals has secured primary approvals at both the federal and state levels and is ready to move forward with its plans, contingent on the proposed acquisition of Forrestania.
The project’s progress is also subject to securing the necessary secondary licences and approvals required under Western Australian legislation.
Medallion managing director Paul Bennett said: “Securing EPBC approval is a significant milestone for Medallion and reflects the quality of the project and the disciplined and thorough approach taken throughout the assessment process.
“I would like to acknowledge the work of the Medallion team and our advisers in progressing the approval efficiently and within expected time frames. Similarly, the team at the Department of Climate Change, Energy, the Environment and Water should be commended for the clear communication and timely responses throughout the assessment process.
“With the final primary environmental approval now in place, we have materially reduced development risk at Ravensthorpe and are well positioned to advance the project toward development and production with certainty.”
In August 2025, Medallion Metals entered into a conditional binding agreement with IGO to fully acquire the Forrestania Nickel Operation in Western Australia.
The acquisition intends to establish a new gold and copper production entity by integrating Medallion’s resources from the Ravensthorpe Gold Project with the existing infrastructure at Forrestania.
