Medallion Metals

Metal Hawk’s share price closed up 30 per cent on its first day of trading, while fellow gold explorer Medallion Metals has sought an ASX listing before Christmas.

WA gold explorer Medallion Metals has listed on the stock exchange after raising $12.5 million from an initial public offering.

Gold sector listings are pumping millions of dollars into WA’s mining industry.

Besra Gold has returned to the ASX after a restructuring, while E79 Gold Mines has started trading and Medallion Metals has spun out its nickel assets.

Elevate Uranium and Valor Resources have raised funds to advance their uranium projects, while fellow WA companies Saturn Metals and Medallion Metals are continuing their search for gold.

WA’s aspiring gold producers are navigating new challenges to firm up discoveries.

IGO has struck an agreement deed with Medallion Metals for the possible divestment of assets at its Forrestania project, another step in a major restructuring of its struggling nickel business.

Medallion Metals has received an influx of offtake interest in its Ravensthorpe copper-gold asset after the market learnt of its possible deal with critical minerals miner IGO.