Medallion Metals (ASX:MM8) said its application for its Ravensthorpe gold project in Western Australia advanced to the assessment of preliminary documentation stage, according to a Friday Australian bourse filing.
The Australian Department of Climate Change, Energy, the Environment and Water is reviewing the application under the Environment Protection and Biodiversity Conservation Act, the filing said.
The additional data requested for the assessment to proceed is expected to be available in March, with a decision expected in the September quarter.
The firm's shares fell 4% in recent trading on Friday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.