Medallion Secures Offset Land to Advance Ravensthorpe Gold Project Approvals

Medallion Metals Ltd (ASX: MM8) has taken a major step forward in the permitting process for its Ravensthorpe Gold Project (RGP), securing a binding contract to acquire approximately 258 hectares of freehold land. This acquisition forms the foundation of Medallion’s environmental offset strategy, a requirement under both federal and state environmental laws. The land, located within 10 km of the proposed development, includes arable farmland and remnant native vegetation adjoining the ecologically significant Ravensthorpe Range.

The offset will compensate for the clearing of 70–80 hectares of native vegetation required for RGP’s underground mining operations. This land contains species and habitats listed under the EPBC Act (1999) and WA’s Biodiversity Conservation Act (2016). The offset strategy focuses on native vegetation re-establishment and will be developed in collaboration with stakeholders, including Indigenous groups. With the offset secured, Medallion is set to advance regulatory approvals and expects a decision under the EPBC Act by the end of calendar 2025.

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