Latest news with #JavelinMinerals
News.com.au
2 days ago
- Business
- News.com.au
Top 10 at 11: Gallium in spotlight as ASX climbs toward new record high
Morning, and welcome to Stockhead's Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10.15am, once trading kicks off in earnest. In brief, this is what the market has been up to this morning. ASX reaches for new highs Climbing 0.43% in the first hour of trade, the ASX is within spitting distance of a new all-time high, just 0.13% away. Nine of 11 sectors are driving the bourse's momentum, led by energy (+1.18%). Info tech (-0.23%) and health care (-0.33%) are dragging alongside the All Ords Gold index (-1.78%), down for a second day in a row. The ASX 200 Resources is pushing in the other direction (+0.78%), as evidenced by the glut of resources stocks on our Top 10 winners list for the morning. WINNERS Code Name Last % Change Volume Market Cap JAV Javelin Minerals Ltd 0.003 50% 60002 $12,252,298 VML Vital Metals Limited 0.003 50% 3000000 $11,790,134 KP2 Kore Potash PLC 0.06 36% 971577 $28,764,401 AYT Austin Metals Ltd 0.005 25% 2071330 $6,296,765 PV1 Provaris Energy Ltd 0.011 22% 450000 $6,282,012 ADG Adelong Gold Limited 0.006 20% 802466 $10,343,383 ALY Alchemy Resource Ltd 0.006 20% 200000 $5,890,381 BLZ Blaze Minerals Ltd 0.003 20% 6294900 $3,917,370 MGU Magnum Mining & Exp 0.006 20% 85000 $5,608,254 PLC Premier1 Lithium Ltd 0.012 20% 583333 $3,680,606 In the news... Blaze Minerals (ASX:BLZ) is turning heads after hitting gallium and rubidium mineralisation at its Ntungamo project in Uganda. While the mineralisation isn't particularly high grade in this first pass of drilling, the price of gallium has surged 23% since January last year, marking the critical mineral as a lucrative exploration target. BLZ's drilling also encountered scandium mineralisation, but no neodymium or praseodymium of any economic significance. LAGGARDS Code Name Last % Change Volume Market Cap PAB Patrys Limited 0.001 -33% 9426236 $3,086,171 G50 G50Corp Ltd 0.14 -26% 225759 $30,513,555 CRR Critical Resources 0.003 -25% 2829838 $10,456,885 CHM Chimeric Therapeutic 0.004 -20% 100000 $10,075,971 CZN Corazon Ltd 0.002 -20% 45143 $2,961,431 TMX Terrain Minerals 0.002 -20% 71000 $5,621,392 VRC Volt Resources Ltd 0.004 -20% 1250000 $23,423,890 CF1 Complii Fintech Ltd 0.018 -18% 60481 $12,570,660 CCO The Calmer Co Int 0.0025 -17% 28571 $9,034,060 IFG Infocusgroup Hldltd 0.005 -17% 21500 $1,655,771 In the news... G50 Corp's (ASX:G50) has also released a gallium-based announcement, although the market wasn't quite as impressed with the results as in BLZ's case. While G50's mineralogy study has confirmed the presence of gallium in three types of mineral samples at its Golconda gold-silver-zinc project, the content is fairly low, represented in just 38% of the host rock. The mineral type with the best gallium content of 55 parts per million accounts for just 7% of the rock content, meaning G50 will need to extract and concentrate the critical mineral before it can be sold on to off takers.
The Age
29-04-2025
- Business
- The Age
Javelin winds up drilling program to expand Goldfields project
Javelin Minerals has completed a maiden 22-hole reverse circulation drilling program at its recently acquired Eureka gold project, 54 kilometres north of Kalgoorlie in Western Australia's Eastern Goldfields. The 2779-metre campaign was planned to confirm and possibly expand the existing 2.45-million-tonne 2012 JORC-compliant resource, which averages 1.42 grams per tonne (g/t) gold for a contained 112,000 ounces of gold, from which 62,000 ounces are in the indicated category. The company says it is undertaking mining and economic studies hoping to define a near-term mineable reserve of about 34,000 ounces from the indicated gold resource at the southern end of the Eureka open pit. Javelin envisages toll treating ore at one of the nearby third-party processing plants and has already been in discussions with nearby operators. The company believes that with favourable drilling results and modelling of the initial mining reserve, Eureka could be in production within 12 months. 'There is immense scope to grow the Eureka resource, with the mineralisation open and numerous targets to test, to incorporate with our near-term mining plan.' Javelin Minerals executive chairman Brett Mitchell At today's Australian gold price of $5172 per ounce, that aspirational 34,000 ounces represents an in-ground value of just under $176 million before all reserve definition, mining, processing, milling and refining costs and recovery losses are factored in to take it to 99.99 per cent pure gold bars. In addition to confirming the existing resource, the drilling program also explored the potential for high-grade lodes extensions below and northwards along strike from the current open pit. Previous drilling of the lodes obtained remarkable gold grades that offer plenty of incentive for further determined testing.
Sydney Morning Herald
29-04-2025
- Business
- Sydney Morning Herald
Javelin winds up drilling program to expand Goldfields project
Javelin Minerals has completed a maiden 22-hole reverse circulation drilling program at its recently acquired Eureka gold project, 54 kilometres north of Kalgoorlie in Western Australia's Eastern Goldfields. The 2779-metre campaign was planned to confirm and possibly expand the existing 2.45-million-tonne 2012 JORC-compliant resource, which averages 1.42 grams per tonne (g/t) gold for a contained 112,000 ounces of gold, from which 62,000 ounces are in the indicated category. The company says it is undertaking mining and economic studies hoping to define a near-term mineable reserve of about 34,000 ounces from the indicated gold resource at the southern end of the Eureka open pit. Javelin envisages toll treating ore at one of the nearby third-party processing plants and has already been in discussions with nearby operators. The company believes that with favourable drilling results and modelling of the initial mining reserve, Eureka could be in production within 12 months. 'There is immense scope to grow the Eureka resource, with the mineralisation open and numerous targets to test, to incorporate with our near-term mining plan.' Javelin Minerals executive chairman Brett Mitchell At today's Australian gold price of $5172 per ounce, that aspirational 34,000 ounces represents an in-ground value of just under $176 million before all reserve definition, mining, processing, milling and refining costs and recovery losses are factored in to take it to 99.99 per cent pure gold bars. In addition to confirming the existing resource, the drilling program also explored the potential for high-grade lodes extensions below and northwards along strike from the current open pit. Previous drilling of the lodes obtained remarkable gold grades that offer plenty of incentive for further determined testing.
