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An update from Javelin Minerals Limited ( (AU:JAV) ) is now available.
Javelin Minerals Limited has completed a heritage survey at its Eureka Gold Project near Kalgoorlie, paving the way for its maiden drilling program. The project, which sits on a granted mining lease, has a JORC Resource of 112,000 ounces of gold, with significant potential for expansion. The company plans to commence a 3,000-meter drilling program to explore high-priority targets and is advancing mining and economic studies for near-term extraction of 30,000 to 34,000 recoverable ounces. This strategic move, supported by favorable gold prices and government fast-tracking of project approvals, positions Javelin to potentially generate substantial near-term cash flow.
More about Javelin Minerals Limited
Javelin Minerals Limited is a company operating in the mining industry, focusing on gold exploration and development. The company is engaged in projects that involve identifying and extracting gold resources, with a particular emphasis on leveraging modern exploration techniques to unlock potential mineralized systems.
Current Market Cap: A$18.14M
Find detailed analytics on JAV stock on TipRanks’ Stock Analysis page.