Medallion Resources Ltd has announced that it has executed, with privately held Romaine River Titanium Inc., an agreement that grants Medallion the option to acquire a 100% interest in the Everett iron-titanium property. The Everett Property consists of 60 claims, located 3km east of the Rio Tinto-owned Lac Allard iron-titanium mine in Duplessis County, Quebec, Canada. The Everett Property, the centre piece of Medallion’s Romaine Iron-Titanium Project, is potentially one of the world’s largest iron-titanium occurrences, with a historical 234 million tonne estimated resource. The technical report and financial plan are in progress.
