Coogee Drilling Yields Up to 65g/t Gold and 8.5% Copper; Eureka Drilling Completed

Maiden Drilling at Coogee Delivers Exceptional Grades

Javelin Minerals Limited (ASX: JAV) has announced compelling results from its inaugural drilling program at the Coogee Gold-Copper Project, located near Kalgoorlie in Western Australia's Eastern Goldfields. The program, completed in April, intersected multiple high-grade gold and copper shoots well outside the current JORC resource boundary, with assays confirming grades as high as 65 grams per tonne (g/t) gold and 8.5% copper.

Notable intercepts include drillhole CORC163, which returned 5 meters at 14.22 g/t gold from 143 meters, including a standout 1 meter at 65 g/t gold, alongside 4 meters at 1.91% copper. Similarly, CORC171 intersected 7 meters at 6.42 g/t gold and 2.54% copper, reinforcing the presence of robust mineralised extensions trending northeast and northwest from the mined Coogee deposit.

Resource Upgrade Potential and Structural Insights

The existing Coogee resource stands at 3.65 million tonnes grading 1.08 g/t gold (approximately 126,685 ounces) and 1.01 million tonnes at 0.41% copper (around 4,133 tonnes of copper metal). The recent drilling results have prompted a review process aimed at upgrading this resource, as the newly identified high-grade shoots suggest significant upside potential.

Geological analysis indicates that these high-grade shoots are controlled by complex structural and lithological factors, including steeply plunging zones at the intersection of major shear zones and cross-cutting structures. This refined understanding will guide future targeting and exploration across the broader Coogee Project area.

Eureka Gold Project Drilling Commences with Strategic Focus

Concurrently, Javelin has completed its maiden drilling program at the Eureka Gold Project, also situated in the Eastern Goldfields, approximately 54 kilometers north-northwest of Kalgoorlie. The 2,779-meter reverse circulation (RC) program, executed under a drill-for-equity arrangement with TopDrill Pty Ltd, targeted extensions of known high-grade mineralisation and untested structural zones.

Eureka hosts a JORC resource of 112,000 ounces of gold, with a significant portion classified as indicated resources within a pit shell. The drilling aims to test high-grade zones north of the historic Eureka Pit and expand the supergene and up-dip gold zones, with assays expected shortly.

Advancing Near-Term Production and Economic Studies

Javelin is actively progressing mining and economic studies at Eureka to evaluate the potential for near-term production, particularly focusing on the approximately 30,000-ounce indicated resource at the southern end of the pit. Discussions are underway with nearby processing plant operators regarding toll treatment options, supporting the company's ambition to commence production within 12 months.

This strategic approach aligns with Javelin’s focus on its core Eastern Goldfields assets, as evidenced by the relinquishment of several non-core tenements during the quarter, streamlining the portfolio and concentrating resources on high-potential projects.

Financial and Operational Overview

During the quarter, Javelin reported exploration expenditure of approximately A$464,000, with no substantive mining production activities. The company maintained a healthy cash position of nearly A$2 million at quarter’s end, supporting ongoing exploration and development initiatives. Payments to related parties, including directors and consultants, totaled around A$94,000.

Looking ahead, the company plans to integrate the initial drilling results with broader geological and structural analyses to refine targeting strategies at both Coogee and Eureka. The forthcoming assay results and resource updates will be critical in shaping Javelin’s development pathway and market positioning.