Javelin to fast-track towards production and cashflow at Eureka Gold Project

About this update from Javelin Minerals Limited

Javelin Minerals Limited (ASX: JAV) is pleased to announce strong progress in its strategy to undertake mining of the 34koz recoverable ounces from the 62koz Indicated Resource at its Eureka Gold Project near Kalgoorlie. Discussions with mining and processing contractors are now materially advanced and give the Company every confidence that it will be able to unlock the substantial value of this resource in a cost-effective and timely manner in the current record high A$ gold price environment. As the Eureka mineable resource sits on a granted Mining Lease , based on industry standard timelines, the Board aims to be mining within 12 months. The mining strategy is being advanced in parallel with the exploration program at Eureka. The project's total resource stands at 112koz. This includes an Indicated Resource of 62koz, of which the 34koz resides in the optimised pit shell. Javelin's maiden drilling program at Eureka returned strong results next to and below the Eureka Pit . These areas are now considered to be priority exploration targets with follow-up drilling being designed to extend this known mineralisation. Javelin Executive Chairman Brett Mitchell said: 'Our plan to generate early production and cashflow at Eureka is now the primary focus of the Board for the Eureka Gold Project , which has been endorsed by strong interest from third parties to partner with us for the Project's development in the short term. 'Based on the discussions to date, we are confident that this strategy will prove extremely effective in creating rapid value in the current record high A$ gold price environment, whilst we continue the exploration program to grow the overall inventory at both our Eureka and Coogee Gold Projects. 'Our first Eureka drilling program identified shallow mineralisation immediately south of the pit and confirmed the presence of a high-grade shoot to the north. 'We are now planning follow up exploration drilling programs at Coogee and Eureka in parallel with the Eureka near term mining plan, giving us a twin-pronged strategy for material growth of shareholder value in our Company'. Eureka Gold Project The Eureka Gold Project is located on four granted Mining Leases 50km north of Kalgoorlie and 20km north of the large-scale Paddington Gold Mining Project (owned by Zinjin Mining Group Co). The Eureka Gold Project hosts an existing JORC 2012 Resource of 2.45mt @ 1.42g/t Au for 112,000 ounces, including 62,000oz classified as an Indicated Resource. Javelin is now fully focused on completing mining and engineering work, along with appointment of key mining contractors and consultants, for the near-term mining of 34koz recoverable ounces from the Indicated Resource in the southern end of the Eureka Pit . Recent RC drilling was designed to test for extensions of mineralisation along strike and beneath the existing open pit. The results have confirmed extensive mineralisation beyond the current Resource envelope, with multiple intercepts highlighting both lateral and depth potential. These outcomes support the Company's view that Eureka hosts significant upside and provide a strong foundation for ongoing resource growth and mine planning work. Contact: Brett Mitchell Email: [email protected] Paul Armstrong Email: [email protected] (C) 2025 Electronic News Publishing, source ENP Newswire

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