JAV – Javelin Minerals Limited
Key Eureka milestones delivered – on track to start gold mining June quarter, first cashflow to follow
Preparations for mining at Eureka fast tracked, MEGA plan to start mobilisation in March; Drilling priority gold exploration targets at Eureka and Coogee set to start
Highlights
• Rapid progress made towards start of mining at Eureka Gold Project ; Mining to commence in the June Quarter 2026 under a 50/50 Right to Mine Contract signed with MEGA Resources providing mining, $25m project financing and haulage services – MEGA planning to commence mobilising mining equipment to site in March
• New Eureka Mining Lease Application submitted to increase the size of the existing Mining Lease , and enable a larger Eureka pit cutback
• Geotechnical diamond drilling completed at the Eureka Gold Pit and Eureka North under existing drill for equity agreement with drilling contractor, TopDrill Pty Ltd
• New Eureka Resource drilling program also set to commence in early 2026; TopDrill RC rig secured to test priority exploration targets, including depth extensions beneath the existing pit and high – grade zones to the north
• Javelin executed a Land Use Agreement with the Marlinyu Ghoorlie Native Title Claimant Group covering all tenements within the MG Claim Area, which covers both the Eureka and Coogee Gold Projects
• At the Coogee Gold Project , a comprehensive review and new interpretation of historic exploration data highlighted substantial exploration upside
• Large geophysical anomalies identified at Coogee North and Coogee West; These correlate with known alteration assemblages associated with mineralisation
• These large anomalies are also coincident with widespread gold and gold – copper anomalism as shown in shallow historic drilling at Coogee North and Coogee West
• Javelin devised a drilling plan to start testing these new gold and copper – gold targets at Coogee North in Q1 2026
• Strong cash position maintained with ~$ 4.2 million at quarter end, supporting ongoing exploration and near -term development plans
