Medallion Metals Limited reported that the planned 10,000m drill program at the company's Ravensthorpe Gold Project (RGP or the Project) commenced on 24 September 2022. The 10,000m programme of Reverse Circulation (RC) and Diamond (DD) drilling will be undertaken at the Kundip Mining Centre (KMC), which is host to the company's JORC 2012 Mineral Resource Estimate (MRE) of 1.1 million ounces of gold and 50,000 tonnes of copper metal contained (1.37Moz gold equivalent (AuEq)). The Gem and Harbour View deposits made the most significant contributions to growth of the MRE in June 2022 and this aggressive drill programme has been designed to target depth and strike extensions of these two highly prospective mineralised systems. Of particular interest, a number of drill holes will also test the area where the Harbour View and Flag lodes are projected to intersect, a high ranking conceptual target.

Several holes to the west of Gem and Harbour View will target shallow SAM geophysical anomalism. The majority of drilling is targeting areas well outside the limits of the current MRE boundaries. Success in demonstrating that the Gem and Harbour View structures extend to the target positions, has the potential to have a significant positive impact on the KMC MRE.