Argonaut acted as a Lead Manager and Underwriter to successfully raise $12.5 million for the Initial Public Offer of Medallion Metals Limited in 2021. Funds from the IPO were earmarked for the 30,000m drill program at the Kundip Mining Centre in Medallion Metals’ Ravensthorpe Gold Project (RGP) and further development studies and ongoing exploration activities at the site.

Medallion Metals Limited (ASX: MM8) is a mineral exploration company based in Perth, focused on advanced exploration for high-grade Gold & Copper resources in Western Australia. Covering approximately 650 square kilometres of land situated at the Southern Cross Greenstone Belt and the Albany Fraser Orogen in South-East Perth, the Ravensthorpe Gold Project (RGP) yields high-grade gold and copper from the Kundip mining centre while the Jerdacuttup Project has precious and base metals, including SEDEX and VHMS deposits from a predominantly Proterozoic geological area.