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An announcement from Javelin Minerals Limited ( (AU:JAV) ) is now available.
Javelin Minerals Limited has announced a significant agreement with MEGA Resources to fund and commence mining at the Eureka Gold Project, with production expected to begin in Q2 2026. The agreement includes a $25 million funding provision and a profit-sharing arrangement, positioning Javelin for enhanced cash flow and resource growth. The company has also updated its Mineral Resource Estimate for the Eureka project, showing a 27% increase in Indicated Resources and a 16% increase in grade, which enhances its near-term mining potential. Additionally, the appointment of experienced executive Mark Cossom as General Manager for Exploration and Resources aims to drive exploration and resource development at Javelin’s projects.
More about Javelin Minerals Limited
Javelin Minerals Limited is a company involved in gold exploration and near-term production, focusing on the Eureka and Coogee Gold Projects located near Kalgoorlie in the Eastern Goldfields. The company is engaged in developing these brownfields projects, which are on granted Mining Licences.
Current Market Cap: A$26.5M
For an in-depth examination of JAV stock, go to TipRanks’ Overview page.