InvestSMART

Javelin Minerals Limited (ASX:JAV)

ALERT: Price-sensitive ASX Announcement for JAV
Current share price for JAV : $0.087 0.005 (6.10%)+
Announcement
Release
16 Sep 2026 9:35AM
Price at Release
$0.082
Full Release
download
Summary
Javelin Minerals Limited (ASX: JAV) announced that its right to mine agreement for the Eureka Gold Project with mining services provider MEGA Resources has been terminated by mutual consent. The company said MEGA remains a material shareholder after investing $1,000,000 in Javelin’s share placement completed on 17 September 2025, and both parties consider the termination to be in shareholders’ best interests to maximise the project’s economic value. The original agreement, announced on 17 September 2025, had contemplated MEGA providing geological, engineering, mining and transport services together with $25 million in project financing for the Eureka Gold Project near Kalgoorlie, Western Australia. Javelin stated that recent discussions and commercial developments relating to the availability of ore processing capacity in the Kalgoorlie region led both parties to agree to end the arrangement.
Key Points
  • Javelin Minerals Limited announced the termination by mutual consent of the Eureka Gold Project right to mine agreement with MEGA Resources.
  • MEGA Resources remains a material shareholder in Javelin after its $1,000,000 investment in the 17 September 2025 share placement.
  • The original agreement included MEGA providing geological, engineering, mining and transport services.
  • The original agreement also included proposed project financing of $25 million for the Eureka Gold Project near Kalgoorlie.
  • The agreement was terminated following discussions and commercial developments concerning ore processing capacity availability in the Kalgoorlie region.
  • The announcement was authorised for release by the Board of Javelin Minerals Limited.
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.