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Javelin Minerals Limited (ASX:JAV)

ALERT: Price-sensitive ASX Announcement for JAV
Current share price for JAV : $0.083 -0.047 (-36.15%)+
Announcement
Release
27 Jan 2026 12:44PM
Price at Release
$0.130
Full Release
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Summary
Javelin Minerals Limited announced its quarterly activities report, highlighting a strong cash position of $4.2 million as of December 31, 2025. The company is on track to commence mining operations at the Eureka Gold Project in the June Quarter of 2026, under a 50/50 Right to Mine Contract with MEGA Resources. This contract includes $25 million in project financing. A new Mining Lease Application was submitted to enable a larger pit cutback at Eureka. Additionally, geotechnical diamond drilling was completed, and a new drilling program is planned for early 2026. A Land Use Agreement was signed with the Marlinyu Ghoorlie Native Title Claimant Group, and a share capital consolidation was completed, reducing the number of shares on issue. The company reported net cash outflows from operating and investing activities, balanced by inflows from financing activities.
Key Points
  • Javelin Minerals Limited reported a strong cash position of approximately $4.2 million at the end of the quarter.
  • The company is progressing towards the start of mining at the Eureka Gold Project, with mining set to commence in the June Quarter of 2026.
  • A 50/50 Right to Mine Contract was signed with MEGA Resources, including $25 million project financing and haulage services.
  • A new Mining Lease Application was submitted to allow for a larger Eureka pit cutback.
  • Geotechnical diamond drilling was completed at the Eureka Gold Pit and Eureka North.
  • A new drilling program is set to commence in early 2026 at both the Eureka and Coogee Gold projects.
  • A Land Use Agreement was executed with the Marlinyu Ghoorlie Native Title Claimant Group.
  • Javelin completed a share capital consolidation on a 1 new for 31 existing securities basis.
  • The company reported net cash outflows in operating and investing activities, with positive cash inflows from financing activities.
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.