Javelin Minerals Unveils High-Grade Gold and Copper Potential at Coogee Project

Javelin Minerals uncovers high-grade gold and copper at Coogee Project....

February 10, 2025

Historic drilling at Javelin Minerals’ Coogee Project, where early exploration efforts have now been validated by recent high-grade gold and copper discoveries, paving the way for a potential resource upgrade and significant growth.

  • Javelin Minerals’ first drilling program at the Coogee Project intersected multiple high-grade shoots, including 65 g/t gold and 8.53% copper, extending mineralisation over a 1km strike length.
  • The results highlight the potential for significant resource growth beyond the current 3.65 Mt at 1.08 g/t gold and 1.01 Mt at 0.41% copper.
  • Key intersections include CORC163 (5m @ 14.22 g/t Au and 4m @ 1.91% Cu) and CORC170 (10m @ 4.55 g/t Au), confirming high-grade zones below the Coogee Open Pit.
  • The 18-hole RC drilling program (2,921m) was cost-effective and targeted high-priority areas, delivering rapid results.
  • Phase Two drilling is set to commence in late Q1, with a focus on further defining high-grade zones and upgrading the resource.

 

 

About Javelin Minerals

Javelin Minerals Limited (ASX: JAV) is an Australian exploration company focused on discovering and developing high-grade gold and copper deposits. Its flagship Coogee Gold-Copper Project, located near Kalgoorlie in Western Australia, has recently delivered outstanding drilling results, signalling potential for significant resource expansion. With a strategic focus on cost-effective exploration and proximity to the world-class St Ives gold camp, Javelin is positioning itself as a key player in the Eastern Goldfields mining sector.

Unlocking High-Grade Potential

Javelin’s first drilling program at the Coogee Project has delivered exceptional results, intersecting multiple high-grade gold and copper shoots. Standout intersections include CORC163 (5m @ 14.22 g/t Au and 4m @ 1.91% Cu) and CORC170 (10m @ 4.55 g/t Au), confirming high-grade zones below the Coogee Open Pit and extending mineralisation over a 1km strike length. The 18-hole RC drilling program (2,921m) was cost-effective and highly targeted, validating the project’s scalability and potential for resource expansion.

The high-grade results are expected to drive a material upgrade to the existing resource, currently standing at 126,685 ounces of gold and 4,133 tonnes of copper. This upgrade could significantly enhance Javelin’s market valuation, particularly in a favourable commodity price environment. Gold remains robust as a safe-haven asset, while copper demand is rising due to its critical role in renewable energy and electrification. Javelin’s focus on cost-effective exploration and strategic partnerships minimises capital expenditure while maximising returns, making it an attractive proposition for investors.

Javelin’s exploration strategy leverages advanced targeting techniques, including portable XRF data and Lith geochemical analysis, to refine future drilling programs. This approach improves discovery efficiency and reduces exploration risk. Parallel exploration at the Eureka Gold Project, 50km north of Kalgoorlie, diversifies the portfolio and enhances growth potential. Under Executive Chairman Brett Mitchell’s leadership, Javelin has demonstrated a clear vision for scaling operations and delivering shareholder value.

The Coogee Project is located in WA’s Eastern Goldfields, a globally recognised mining jurisdiction with a history of high-grade discoveries. Proximity to historical mines like Coogee, Salt Creek, and Lucky Bay, as well as the St. Ives gold camp, provides access to robust infrastructure and operational synergies. Rising global demand for gold and copper, driven by industrial applications and the renewable energy transition, creates a favourable market backdrop. Combined with Javelin’s high-grade discoveries, this positions the company to capitalise on long-term commodity price strength.

Charting the Path Forward

Javelin Minerals is entering a transformative phase as it advances the Coogee Project. The high-grade drilling results provide a strong foundation for a resource upgrade, which could significantly enhance the company’s market valuation. With Phase Two drilling set to commence in late Q1, further discoveries are anticipated, potentially unlocking additional high-grade zones and expanding the project’s resource base.

The company’s strategic focus on cost-effective exploration, advanced targeting techniques, and diversified growth positions it as an attractive investment opportunity. As global demand for gold and copper continues to rise, Javelin is well-placed to capitalise on favourable market conditions and deliver sustained value to shareholders. Javelin represents a compelling proposition of a high-growth exploration company with a proven asset in a world-class mining jurisdiction, backed by a clear strategy and strong leadership. The coming months are likely to see increased investor interest and potential partnerships, further solidifying Javelin’s position in the ASX mining sector.

 

 

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