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Juno Minerals Ltd. ( (AU:JNO) ) has provided an announcement.
Juno Minerals has completed a first-pass reverse circulation drilling program at its Mount Ida Gold Prospect, with 40 holes over 1,450 metres confirming down-dip continuity of a quartz vein lode and returning several high-grade gold intercepts in the north-eastern section of the QV1 structure. The company is reviewing the results, awaiting further assays and considering infill and additional shallow drilling over other soil anomalies, which could refine the prospect’s potential and guide future exploration spend.
During the quarter Juno also advanced its portfolio realignment, following the A$6 million sale of the Mount Mason DSO Hematite Project to Gold Valley Yilgarn, from which it retains a 2% FOB revenue royalty on future iron ore production. Gold Valley plans to build a 27km haul road and commence DSO mining in mid-2026, infrastructure that Juno says will enhance the nearby Mount Ida Magnetite Project by improving access and reducing future capital needs as it seeks a partner to fund feasibility and development.
More about Juno Minerals Ltd.
Juno Minerals Ltd. is an Australian resources company focused on iron ore and gold projects in Western Australia’s Yilgarn region. Its portfolio includes the large-scale Mount Ida Magnetite Project, the Mount Ida Gold Prospect and, until recently, the Mount Mason direct shipping ore (DSO) hematite project, with a strategy of monetising non-core assets while advancing long-life developments.
Average Trading Volume: 110,905
Technical Sentiment Signal: Sell
Current Market Cap: A$5.23M
Find detailed analytics on JNO stock on TipRanks’ Stock Analysis page.