Javelin also plans to launch a follow-up reverse circulation (RC) drilling campaign in February next year that will employ one of TopDrill’s rigs which has already been booked.
The RC drilling program will focus on resource definition and extensions, including depth potential below the existing pit and high-grade zones to the north, to expand the mine plan ahead of production.
Targeting of some of the RC drilling in the northward pit extensions will be assisted by grade and geotechnical results from the preceding diamond drilling.
Javelin’s Eureka project is underpinned by a JORC-compliant mineral resource estimate of 2.04 million tonnes at an average grade of 1.69g/t gold for a total of 110,687 ounces, of which a significant 1.36 million tonnes at 1.8g/t gold for 78,678 ounces – or 71% – is classified as indicated.
Most of that resource lies within the immediate strike and depth extensions to the open pit which is expected to be a promising zone of focus for the initial mining phase.
The company plans to begin mining in June next year under a contract agreement with established Goldfields provider MEGA Resources, a gold and base metal mining services provider that partners with companies to provide geological, engineering, and mining services, while also managing project approvals and funding.
Importantly, MEGA will provide the development capital in the lead up to mining as part of its contract and Javelin will receive an advance payment of $250,000 each month once ore processing starts.
The arrangement will put the company in a strong financial position that will support its transition to cashflow-positive operations and means it likely will not need to raise further capital ahead of production.
Javelin is in ongoing discussions with nearby mill operators to enable ore processing from the September quarter 2026.
Located near Kalgoorlie in a prolific gold-producing greenstone belt, the Eureka project benefits from its proximity to mining-related infrastructure and suppliers.
As Javelin gears-up for its first mining in mid-2026 and with an eye on its first gold pour later in the year, the two upcoming drilling programs will be the company’s key first steps on its path to production in WA’s Eastern Goldfields.
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