** Shares of Medallion Metals MM8.AX rise 5.9% to A$0.180, their highest level since early December, 2022
** Mineral exploration receives indicative offers from 13 parties for copper-gold concentrate produced at the Forrestania Nickel Operation with offers of up A$50 million ($32 million)
** Co has been under negotiations for proposed acquisition of certain assets of Forrestania nickel operations in Western Australia from nickel and lithium producer IGO IGO.AX
** If successful, the deal would allow co to produce copper-gold concentrate from the Forrestania plant by processing mineralisation from its flagship Ravensthorpe project
** Stock up ~50% YTD, including current session's moves
($1 = 1.5808 Australian dollars)
(Reporting by Manasi Dasa in Bengaluru)
((Manasi.DasaSundeep@thomsonreuters.com;))
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.