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Javelin Minerals to start gold production at its Western Australia project by June 2026, backed by strong results and a funding deal with MEGA Resources.
Javelin Minerals plans first production at its Eureka gold project in Western Australia by June 2026, following strong drilling results including a 4-meter intercept at 134.52 grams per tonne.
The project holds a 2.04 million tonne resource at 1.69 grams per tonne gold, with a new exploration manager appointed.
A partnership with India-backed MEGA Resources will fully fund mining operations, provide $25 million in working capital, and make monthly pre-payments, while Javelin retains 70% of profits from excess ore.
The company raised $4.5 million in funding and is advancing a capital consolidation.
The project benefits from rising gold prices above $3,975 per ounce and is located near Kalgoorlie.
Javelin Minerals comenzará la producción de oro en su proyecto de Australia Occidental en junio de 2026, respaldado por sólidos resultados y un acuerdo de financiación con MEGA Resources.