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Javelin Minerals Limited (ASX:JAV)

ALERT: Price-sensitive ASX Announcement for JAV
Current share price for JAV : $0.085 0.007 (8.97%)+
Announcement
Release
23 Jul 2026 9:37AM
Price at Release
$0.078
Full Release
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Summary
Javelin Minerals Limited reported significant progress in their exploration and permitting activities for the quarter ended 30 June 2026. The company completed a reverse circulation drilling program at the Eureka Gold Project, confirming the continuity of its gold resources, now totaling 2.04 million tonnes at a grade of 1.69g/t for 110,687 ounces of gold. Key drilling results included high-grade intersections, enhancing the project's potential. Further, the company secured necessary environmental approvals and maintained a robust cash position of approximately $3.9 million. They also secured an additional strategic investment of $1.5 million. The quarterly cash flow report shows a net use of $260,000 in operating activities, aligning with their strategic exploration and development plans.
Key Points
  • Javelin Minerals Limited reported on its activities for the quarter ended 30 June 2026.
  • The company undertook a reverse circulation (RC) drilling program at the Eureka Gold Project, confirming continuity of the resource.
  • Eureka Gold Project's resource stands at 2.04Mt at 1.69g/t Au for 110,687 ounces of gold.
  • Significant drilling results included intersections with up to 2.7g/t Au.
  • Approvals for Water Extraction License and Native Vegetation Clearing at Eureka were obtained.
  • Javelin Minerals maintains a strong cash position of approximately $3.9 million at quarter end.
  • The company secured commitments for a $1.5 million strategic placement.
  • Appendix 5B cash flow report indicates net cash used in operating activities was $260,000 for the quarter and $1.12 million for the year to date.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.