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Javelin Minerals partners with MEGA Resources to mine 39,000 ounces of gold in Australia, starting June 2026, with shared profits and $25M in funding.
Javelin Minerals has partnered with MEGA Resources to mine about 39,000 ounces of gold from its Eureka project near Kalgoorlie, Western Australia.
MEGA will fully fund the operation, covering all mining, financing, and haulage, while both companies will split profits 50:50.
Javelin will receive a $250,000 monthly pre-payment from profits starting when revenue begins and has secured up to $25 million in working capital.
The project is set to begin in the June quarter of next year, with Javelin also raising $4.5 million through a share placement.
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Javelin Minerals se asocia con MEGA Resources para extraer 39.000 onzas de oro en Australia, a partir de junio de 2026, con ganancias compartidas y $ 25M en financiamiento.