Javelin Drills Confirm Shallow Gold Continuity at Eureka

Drilling Reaffirms Shallow Resource Strength at Eureka

Javelin Minerals (ASX:JAV) has delivered a solid vote of confidence in its Eureka Gold Project with recent reverse circulation (RC) drilling confirming the continuity of shallow, high-grade gold mineralisation within 80 metres of surface. The program, comprising 37 holes for 5,184 metres, targeted areas of incomplete historic drill coverage around the planned open pit and successfully returned consistent grades that reinforce the existing resource base.

Notable intersections include 4 metres at 2.7 g/t Au from 91m (EKRC036) and 5 metres at 2.1 g/t Au from 45m (EKRC022), underscoring the resource's robustness near surface. These results align with the July 2025 Mineral Resource Estimate (MRE) of 2.04 million tonnes at 1.69 g/t Au for 110,687 ounces, predominantly classified as Indicated and Inferred.

Extensions Along Strike and at Depth Highlight Upside

Drilling to the north and northwest of the historic Eureka open pit has extended known mineralisation along strike, particularly in the Eureka Northwest zone where high-grade shoots appear to change orientation. Holes EKRC036 to EKRC038 intersected strong mineralisation in this area, expanding the footprint of the deposit.

Meanwhile, deeper RC holes designed to test down-plunge extensions encountered mineralised quartz veining and polymetallic sulphides, albeit at lower grades so far (e.g., 1m at 0.4 g/t Au in EKRC009). Two northern holes remain incomplete, planned for diamond drill tails to better assess the core of the high-grade shoot. These early indications suggest the mineralised system remains open at depth, maintaining exploration potential beyond the current resource boundary.

Permitting Progress Supports Development Pathway

On the regulatory front, Javelin has secured critical approvals including the Eureka Water Extraction Permit and Native Vegetation Clearing Approval. These milestones advance the Mining Development and Closure Plan towards final approval, paving the way for potential near-term mining activities. The combination of strong resource continuity, shallow mineralisation, and progressing mine permits positions Eureka as an increasingly attractive project.

Executive Chairman Brett Mitchell highlighted the program's success, noting the "excellent continuity of the mineralisation" and the "ongoing upside" that enhances Eureka's appeal from both mining and exploration perspectives.

Next Steps Focus on Down-Plunge and Near-Surface Targets

Javelin plans to follow up with diamond drilling to complete the deeper holes and further test the down-plunge extensions of the orebody. Additional RC drilling may also be conducted to refine near-surface mineralisation ahead of open pit development. These efforts will be key to assessing potential resource upgrades and informing mining studies.

While the recent drilling largely closed off southern extensions toward the tenure boundary, the successful strike and depth extensions to the north and northwest underscore the deposit's exploration upside. The presence of mineralised structures at depth and the shallow nature of the resource continue to support Eureka's development potential.