The current Eureka mine plan is underpinned by an indicated resource of 1.36 million tonnes at 1.8 grams per tonne gold (g/t) for 78,678 ounces. The broader resource weighs in at 2.04 million tonnes at 1.69 g/t for a total of 110,687 ounces, with 71 per cent of the ounces sitting in the higher confidence indicated category.
A new drilling program is scheduled to fire up shortly, targeting down-plunge extensions and fresh high-grade zones under and around the pit to boost both mine life and the scale of production.
Javelin Minerals executive chairman Brett Mitchell said: “The Land Use Agreement with Marlinyu Ghoorlie is an outstanding result for both parties and we look forward to working with them to deliver substantial benefits for all our stakeholders.”
Javelin is also deep in negotiations with nearby third-party mill operators to secure a binding ore purchase agreement – the last major operational link between the pit and the refinery gate.
As the pieces snap into place, Eureka is shaping up as the newest gold start-up in the Kalgoorlie region. If drilling delivers even a modest resource bump, Javelin’s push to early cashflow could snowball into a much bigger future.
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