Medallion Metals Limited reported further results from drilling at the Harbour View deposit, part of the Kundip Mining Centre (KMC) which hosts the Company's current JORC 2012 Mineral Resource Estimate (MRE) of 674,000 oz1. Harbour View is located in the central area of KMC within the greater Ravensthorpe Gold Project. Infill drilling at Harbour View North (HVN) intersects shallow high-grade mineralization; Highlights from drilling include: 16m @ 8.95 g/t Au, 0.1 % Cu, 0.5 g/t Ag from 36m (RC21KP1057) including: 5m @ 26.4 g/t Au, 0.1 % Cu, 1.1 g/t Ag from 44m; 2.1m @ 11.71 g/t Au, 0.94 % Cu and 11.87 g/t Ag from 160m (DD21KP1005); 4m @ 3.22 g/t Au, 0.27 % Cu, 3.28 g/t Ag from 61m (RC21KP999) including: 1m @ 10.7 g/t Au, 0.87 % Cu, 10.5 g/t Ag from 63m; DD21KP1005 intersection confirms new footwall lode; Results to positively impact pit design and RGP economics; Mineral Resource Estimate (MRE) update targeted March quarter with approximately 30,000m of new drilling to be incorporated in the upgrade.

Results of reverse circulation drilling at Harbour View North continue to reinforce the geological model whereby mineralisation is hosted in multiple shear hosted lodes that cross-cut the stratigraphy. The interval in RC21KP1057 is situated within the lower regolith profile and is characterised by quartz veining with hematite and goethite derived from weathering of sulphides. The intersection is particularly encouraging as it indicates that high-grade mineralisation is situated near surface.

A total of 9 RC holes down-dip of RC21KP1057 are currently pending assays with 3 diamond holes currently being processed. Results from the first diamond hole DD21KP1005 at the Omaha cross lode has confirmed a new footwall lode to the HVN system first identified by RC21KP1001 that hosted 3m @ 9.19 g/t Au, 0.15% Cu, 3.42 g/t Ag from 69m. Several zones of mineralization were intersected in DD21KP1005, including: 5m @ 0.84 g/t Au from 147m; 0.3m @ 7.75 g/t Au, 0.72 % Cu, 30.8 g/t Ag from 153.86m; 2.1m @ 11.71 g/t Au, 0.94 % Cu and 11.87 g/t Ag from 160.2m: 0.34m @ 41.4 g/t Au, 0.88 % Cu and 11.1 g/t Ag from 160.2m and 0.6m @ 15.1 g/t Au, 2.56 % Cu and 33.4 g/t Ag from 161.25m; 0.3m @ 3.36 g/t Au, 0.95 % Cu and 7.9 g/t Ag from 210.48m.