Pilgrim’s medal?

Can anyone throw any light on this image and the text around what I presume is a pilgrim’s medal or seal. The image is very much in keeping with Our Lady of Walsingham, crowned and seated on a high-back chair, holding flowers in her right hand and the Infant Jesus on her knee. One of the words reads “BEATE”, another “MARIE”. Perhaps the writing is in Latin? The diameter is 80mm,

Email if you can help. Thank you.

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