The MDCP was submitted to the WA Department of Mines, Petroleum and Exploration, ticking off a vital milestone on the path to production.
Javelin Minerals (ASX:JAV) is developing Eureka alongside its partner MEGA Resources, an established mining services provider with a strong presence in the WA Goldfields.
As well as supplying any geological, engineering, mining and transport services required, MEGA will also furnish Javelin with $25 million in project financing, to begin once ore processing is underway.
JAV is targeting first mining in the June quarter of 2026 and expects monthly $250,000 payments from MEGA to begin in the following quarter.
In preparation for mining, JAV has engaged TopDrill to complete a 1100m stratigraphic and geotechnical diamond drilling program around the Eureka gold pit and the high-grade gold zones at Eureka North.
Completed under a drill-for-equity deal, the program will provide important geotechnical information for pit designs and metallurgical characterisation to guide mining and processing of Eureka ore.
Javelin also intends to fire up a reverse circulation drilling rig in February, testing the northern plunge extensions beneath the Eureka pit and Eureka North.
The company hopes to grow the existing resource, which sits at 1.36Mt at 1.8g/t Au for 78,678oz within a global resource of 2.04Mt at 1.69g/t Au for 110,687oz.
