Javelin Minerals activities report for the quarter ended 30 June 2024

Javelin Minerals Limited (ASX: $JAV) has announced its plan to commence exploration at the Coogee Gold Project in WA's Eastern Goldfields. The company will concentrate on extending known high-grade mineralisation and identifying new priority drill targets. This exploration initiative will be funded by the recent capital raising.

Executive Commentary on Coogee Gold Project Exploration

The new Board and management team at Javelin Minerals have conducted an extensive review of historical drilling and geophysical data at the Coogee Gold Project. Based on the findings, we have decided to prioritize our exploration efforts and resources on this project. The location's proximity to Kalgoorlie provides access to significant exploration and mining support services and a skilled workforce, which we believe will enhance the efficiency of our exploration activities.

Summary of Javelin Minerals Activities and Outlook

Javelin Minerals (ASX: $JAV) has announced its focus on the Coogee Gold Project for exploration activities, funded by recent capital raising. The company aims to analyze surface geochemistry, geology, and potential mineralisation at the project. Additionally, the identification of significant uranium mineralisation at the Stakeyard Well Uranium Prospect within the Mt Ida Project area has been highlighted. The recent capital raising, including the Entitlement Offer and Placement, is expected to support the company's ongoing work programs and review of new mining project opportunities. The company's change of Company Secretary and the appointment of Mr. Johnathon Busing, a Chartered Accountant and experienced Company Secretary, have been noted. Javelin Minerals intends to utilize the funds raised for advancing current work programs, reviewing new mining project opportunities, and general working capital. The company's forward-looking statements emphasize the continued exploration activities and the estimation of initial and sustaining capital requirements, while acknowledging the associated risks. The announcement reflects the company's commitment to transparent reporting and compliance with accounting standards and policies.