SX-listed Javelin Minerals is fast-tracking near-term production and cash flow generation from its Eureka gold project in Western Australia, leveraging a record-high Australian dollar gold price and nearby processing capacity.
The company is advancing talks with third-party mining and processing contractors to unlock 34,000 ounces of recoverable gold within the 62,000-ounce indicated resource at the Eureka pit, part of the project’s total Joint Ore Reserve Committee (JORC) resource of 112,000 ounces.
“Our plan to generate early production and cash flow at Eureka is now the primary focus of the board,” said Executive Chairperson Brett Mitchell. “This strategy has been endorsed by strong third-party interest to partner with us for the project’s short-term development.”
Located approximately 50 kilometers north of Kalgoorlie and just 20 kilometers from the Paddington processing facility, the Eureka project sits on four granted mining leases. Javelin noted that, with the site fully permitted and following standard industry timelines, operations could commence within the next 12 months.
“Based on discussions so far, we are confident this approach will create rapid value in the current record-high Australian dollar gold price environment, while we continue exploration to grow the overall inventory at both Eureka and our Coogee gold projects,” Mitchell added.
Mining and engineering studies are well advanced, alongside ongoing negotiations and contractor appointments. The existing open pit is in good condition, with recent reverse circulation drilling confirming extensive mineralization beyond the current resource boundaries—including shallow deposits south of the pit and a high-grade shoot to the north.
“We are now planning follow-up exploration drilling programs at Coogee and Eureka alongside the near-term mining plan at Eureka, giving us a dual approach to materially grow shareholder value,” Mitchell concluded.
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