New Risk • Nov 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$906.8k (US$589.4k) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (42% average weekly change). Earnings have declined by 47% per year over the past 5 years. Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Revenue is less than US$1m (AU$40k revenue, or US$26k). Market cap is less than US$10m (AU$906.8k market cap, or US$589.4k). Announcement • Sep 26
Javelin Minerals Limited, Annual General Meeting, Oct 31, 2025 Javelin Minerals Limited, Annual General Meeting, Oct 31, 2025. Location: at 3 richardson street, wa 6005, west perth Australia Announcement • Sep 17
Javelin Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 4.5 million. Javelin Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 4.5 million.
Security Name: Ordinar Shares
Security Type: Common Stock
Securities Offered: 400,000,000
Price\Range: AUD 0.0025
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,400,000,000
Price\Range: AUD 0.0025
Transaction Features: Subsequent Direct Listing New Risk • Sep 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$12.5m (US$8.31m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.3m free cash flow). Share price has been highly volatile over the past 3 months (34% average weekly change). Earnings have declined by 39% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m (AU$30k revenue, or US$20k). Market cap is less than US$10m (AU$12.5m market cap, or US$8.31m). New Risk • May 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.1m (US$9.67m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.3m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 39% per year over the past 5 years. Shareholders have been substantially diluted in the past year (178% increase in shares outstanding). Revenue is less than US$1m (AU$30k revenue, or US$19k). Market cap is less than US$10m (AU$15.1m market cap, or US$9.67m). Announcement • Apr 02
Javelin Minerals Limited Completes Survey on Its Granted Mining Lease M24/189 Covering Its Eureka Gold Project Javelin Minerals Limited announced that the heritage survey has been completed on its granted mining lease M24/189 covering its Eureka Gold Project, 50km north of Kalgoorlie, in preparation for the Company's maiden drilling program there. The Board would like to thank the survey team and the Traditional Owners, the Marlinyu Ghoorlie Group, for their support and assistance with completing the heritage survey. The planned RC drilling program will target extensions of the established high-grade lodes below the pit and test target zones to the north. This will include following up historical intersections such as 4m @ 132gpt, 3m @ 48gpt, and 4m @32gpt. Javelin is also pleased to advise that the mining and economic studies for near-term mining of ~30,000 - 34,000 recoverable ounces from the Indicated Resource at the southern end of the Eureka pit are advancing. As part of this strategy, Javelin is holding discussions with nearby mill operators in respect to toll treating the Eureka ore. Eureka currently has ~30,000 - 34,000 recoverable ounces in a pit shell based on a AUD 4,000 -AUD 4,200/oz gold price, from recent pit shell optimisations prepared by independent resource engineer for the Company. This forms part of Eureka's total 62,000oz Indicated Resource which is in turn part of the overall 112,000oz Resource. Eureka sits on granted Mining Lease M24/189 and given the WA Government's recent commitment to fast-track project approvals, could be in production within 12 months. New Risk • Mar 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.1m (US$9.50m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (178% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$15.1m market cap, or US$9.50m). Announcement • Dec 14
Javelin Minerals Limited (ASX:JAV) acquired Warriedar Mining Pty Ltd from Delta Lithium Limited (ASX:DLI). Javelin Minerals Limited (ASX:JAV) agreed to acquire Warriedar Mining Pty Ltd from Delta Lithium Limited (ASX:DLI) for AUD 4.5 million on October 25, 2024. The consideration consists of AUD 1.5 million in cash, issue of 500 million common shares of Javelin Minerals Limited having a value of AUD 2 million and AUD 1 million in worth of deferred consideration Shares. Javelin will issue the Deferred Consideration Shares within 7 business days of achievement of the relevant milestone or if a refreshed shareholder approval is required. Under the terms of the agreement, Delta will have the right to nominate a director of Delta to the board of Javelin, with effect from settlement of the acquisition. The acquisition will be financed through firm commitments received for share placement of AUD 3 million. As of November 29, 2024, Javelin Minerals Limited received shareholders approval.
The acquisition is subject to and conditional upon satisfaction of completing a capital raising to raise a minimum of AUD 2.5 million and obtaining any and all Shareholder approvals. The deal has been approved by the board of directors of Javelin Minerals Limited.
Javelin Minerals Limited (ASX:JAV) completed the acquisition of Warriedar Mining Pty Ltd from Delta Lithium Limited (ASX:DLI) on December 13, 2024. Announcement • Oct 25
Javelin Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million. Javelin Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 900,000,000
Price\Range: AUD 0.0025
Discount Per Security: AUD 0.00015
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 300,000,000
Price\Range: AUD 0.0025
Discount Per Security: AUD 0.00015
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 11
Javelin Minerals Limited, Annual General Meeting, Nov 29, 2024 Javelin Minerals Limited, Annual General Meeting, Nov 29, 2024. Announcement • Jul 27
Javelin Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.75 million. Javelin Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 325,000,000
Price\Range: AUD 0.001
Discount Per Security: AUD 0.00006
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 425,000,000
Price\Range: AUD 0.001
Discount Per Security: AUD 0.00006
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • May 16
Javelin Minerals Ltd. Announces Change of Company Secretary Javelin Minerals Ltd. advised that Mr. Johnathon Busing has been appointed Company Secretary effective 16 May 2024. Mr. Busing is a Chartered Accountant, experienced Company Secretary and owner of consulting and accounting firm 11 Corporate. The Board thanks outgoing Company Secretary Mrs. Rachel Kerr, who resigns effective 16 May 2024, for her services and wishes her well in her future business ventures. Announcement • Mar 01
Javelin Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.088115 million. Javelin Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.088115 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 545,613,246
Price\Range: AUD 0.001
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 542,502,000
Price\Range: AUD 0.001
Transaction Features: Rights Offering Announcement • Feb 29
Javelin Minerals Limited Announces Board Changes Javelin Minerals Limited advised the appointment to the board of Mr. Brett Mitchell, as Executive Chairman and Mr. Pedro Kastellorizos, as Non-Executive Director effective immediately. Both the current Non-Executive Chairman, Mr. David Sanders and Executive Director, Mr. Matthew Blake have resigned. The incoming board would like to thank Mr. Sanders and Mr. Blake for their efforts and contributions during their time at the Company. Mrs. Rachel Kerr has also been appointed as Company Secretary, following the resignation of Mr. Scott Mison. Mr. Mitchell is an experienced corporate finance executive with over 25 years of experience in the venture capital and equity capital markets, leading transactions in the mining, energy, technology and life sciences sectors. He has been involved in the founding, financing and management of both private and publicly-listed companies, including recently as a director of Delta Lithium Ltd, MGC Pharmaceuticals Ltd. and is currently a non-executive director of Uvre Limited (UVA). Mr. Mitchell is also a founder and director of Chieftain Securities Pty Ltd, a Perth based boutique Corporate Advisory and ECM firm. Mr. Kastellorizos has been a professional geologist with over 26 years' experience in the exploration, mining and the corporate sectors. He has worked within senior technical and executive board positions within Australia and London, with vast experience in commodities such as precious metals, precious, battery metals, base metals, uranium, molybdenum, tungsten and industrial minerals. In 2009, Mr. Kastellorizos was the founder of Genesis Resources Ltd. along with other board positions including Managing Director in Eclipse Metals Ltd, CEO in MinRex Resources Ltd, NED in Batavia Mining Ltd, NED in Regency Mines plc and groups Exploration Manager for Tennant Creek Gold Ltd. and Thor Mining plc. Mr. Kastellorizos has been the Managing Director/CEO of Argent Minerals Ltd. since 18th March 2022. Mrs. Kerr is a highly experienced Company Secretary within both the private and public sectors with over 10 years' experience managing the compliance of ASX listed companies, corporate acquisitions, capital raisings, IPO's and due diligence reviews. Announcement • Nov 02
Javelin Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.087215 million. Javelin Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.087215 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,087,215,277
Price\Range: AUD 0.001
Security Features: Attached Options
Transaction Features: Rights Offering Announcement • Oct 05
Javelin Minerals Limited, Annual General Meeting, Nov 21, 2023 Javelin Minerals Limited, Annual General Meeting, Nov 21, 2023. New Risk • Sep 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.5m free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (AU$10.9m market cap, or US$6.99m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Announcement • Sep 08
Javelin Minerals Limited (ASX:JAV) made an offer to acquire Gecko Minerals Limited. Javelin Minerals Limited (ASX:JAV) made an offer to acquire Gecko Minerals Limited on September 6, 2023. Under the proposed takeover offer, Javelin will offer to Gecko shareholders 185 Javelin shares for every Gecko share held. In the event that all Gecko shareholders accept (or Javelin reaches the 90% compulsory acquisition threshold) Javelin will issue a total of approximately 5 billion shares pursuant to the takeover offer. In the event the proposed takeover offer is successful Eckhof, Gasson and Le Roux will join Javelin’s existing Technical Director Rob Mosig to form the technical committee for Gecko. The transaction is subject to completion of satisfactory due diligence, Gecko Uganda being granted the three Exploration Licences currently under application, approval of Javelin shareholders, A 90% minimum acceptance condition, a regulatory approval and a no regulatory action condition and a condition restricting capital expenditure by Gecko other than as approved by Javelin. The proposed takeover offer is unanimously recommended by the directors of Gecko in the absence of a superior offer and Javelin has also entered into Pre-Bid Acceptance Agreements with Gecko shareholders holding approximately 17.9% of the total shares in Gecko who have agreed to accept the proposed takeover offer in the absence of a superior offer. Announcement • Jan 23
Javelin Minerals Limited Announces Drilling Contractor Commence A Series of Aircore Drill Holes Within the Husky Rare Earths Near Fifield in Central New South Wales Javelin Minerals Limited advised that its drilling contractor has now commenced a series of aircore drill holes within the Husky rare earths, precious and battery metals project near Fifield in central New South Wales. The Husky Exploration Licence EL 8667 comprises two strategic blocks covering portions of the Flemington and Owendale Intrusive Complexes. These Intrusive Complexes carry mantlederived platinum mineralisation and are now also considered highly prospective for rare earth, precious and battery metals mineralisation. The Western Block of the Company's Husky Project is situated just south of the Tresylva Complex which is a smaller Intrusive complex noted for its historical association with copper and cobalt whilst precious and battery metals are now considered highly prospective. Within this Block, the Company has received the necessary approvals for the planned completion of up to 23 aircore drill holes along the Wilmatha road verge. Geological mapping by the Geological Survey of New South Wales over the eastern Block of the Company's Husky Project shows the apparent continuation of the pyroxenite annular component of the Owendale Intrusion in the southern portion of the Company's tenement. This same ultramafic hosts the significant primary PtCu mineralisation discovered by Helix Resources Limited in the late 1990's. The southern portion of the Company's eastern Block is also located close to the historic Burra tin field which has hosted significant but sporadic historical tingoldplatinum mining in nearby localities proximate to the Company's Exploration Licence. Approximately 30 aircore drill holes have been selected for completion within the Eastern Block. The aircore drilling programme is expected to take 23 weeks for completion and assays from the drilling programme are expected to take a further 6 weeks from completion of the drilling programme. Announcement • Oct 12
Javelin Confirms Lithium and REE Potential At Mt Ida-Ida Javelin Minerals Limited provide an update on its activities at the Mt IdaIda Valley region near Leonora, Western Australia. The Mt IdaIda Valley Project currently comprises 18 Exploration Licences and Exploration Licence Applications totalling over 2,210 sq km in area. The project area lies within the Eastern Goldfields region of the Archaean Yilgarn Block, which contains a stable nucleus of gneisses and granites and thin elongate greenstone occurrences. The granites and greenstone belts often contain layered successions of alternating mafic, ultramafic, felsicclastic associations and pegmatite intrusives prospective for lithium, REE, precious and base metals. Most of the historical exploration at the Company's project area has been for nickel by BHP Billiton and for diamonds by De Beers, the latter identifying a kimberlitic province within E 29/1134 and E 29/1135. Announcement • Sep 28
Javelin Minerals Limited, Annual General Meeting, Nov 29, 2022 Javelin Minerals Limited, Annual General Meeting, Nov 29, 2022. Agenda: To consider reelection of Directors. Announcement • Sep 05
Javelin Minerals Limited Announces Appointment of Robert Mosig as Non-Executive Director Javelin Minerals Limited announced the appointment of Robert Mosig as a NonExecutive Director - Technical for the Company. Mr. Mosig, a geologist with over 50 years of experience in gold, platinum, diamond and specialty metals was previously the founding Managing Director of Helix Resources Limited and Platina Resources Limited . He is currently CEO of Caeneus Minerals Limited (and NonExe cutive Director of Future Metals NL . Mr. Mosig has been working as a consultant with the company since 1 January 2020 and will continue to oversee the Company's exploration projects. In addition to Mr. Mosig's director's fees he is also entitled to a day rate of $1,500 when visiting the Company's exploration projects for the purpose of exploration programs. Announcement • Aug 15
Javelin Minerals Limited Announces New Gold Resource for Coogee Javelin Minerals Limited announced that following the completion of a twelve month, four phase RC drill program totalling 135 holes for 19,136 metres, a MRE has been completed by independent consultants Cube Consulting Pty Ltd. ("Cube Consulting") for the Company's 100% owned Coogee Project located near Kalgoorlie in Western Australia. Cube Consulting completed a geological and mineralised zone interpretation via standard industry procedures, including data selection, compositing, variography, estimation by Ordinary Kriging and model validation. Historical MRE investigations were only carried out for gold (Au), however, the July 2022 MRE also included domain interpretation and estimation for copper (Cu). A 3D block model for the Coogee deposit was produced that is suitable to define the global and local Au and Cu mineralisation. Assessment of reasonable prospects for eventual economic extraction has also been undertaken by Cube Consulting, using pit optimisation methods to define a pit shell to assist in setting limits of the model for resource delineation. This update represents a 1,400% increase in tonnage and a 350% increase in overall contained metal from the previous estimate announced by Ramelius Resources on 3 September 2014. Whilst the new MRE increase can be partially attributed to a lower cutoff grade for reporting, the increase is also the result of significant resource extensions from four phases of Javelin RC drill programs as well as a thorough inhouse geological interpretation which has highlighted more prospective areas of gold mineralisation. Coogee is located approximately 55km southeast of Kalgoorlie on the northeastern shore of Lake Lefroy and comprises four tenements (Mining Lease M26/477, Exploration Lease E26/177 and Miscellaneous Licenses L26/264 and L26/265) that cover an area of approximately 17km2. The project's location near the major mining centre of Kalgoorlie in Western Australia provides ready access to both significant exploration and mining support services and a skilled workforce. Coogee lies within the Kalgoorlie Terrane in the southern part of the Eastern Goldfields Province of the Archaean Yilgarn Craton. It falls within the northern confines of the Parker Domain, which is bounded in the east and west respectively by two major regional north trending structures, the Mount Monger and Lefroy Faults. The structural trend is northwest. The weathering profile is a truncated laterite profile where upper saprolite is overlain by up to 15m of Cainozoic transported cover of sand and coarse gravel. Gold mineralisation at Coogee occurs within a sheared intermediate feldspar porphyry (possibly thrusted), which strikes NNW SSE and dips to the west at about 25 degrees. High grade gold mineralisation appears to be hosted in shoots on this thrust plane which plunges at what appears to be shallow angles. The shear varies between 2m and 8m in thickness and is confined to a number of highgrade shoots, which have a plunge towards the south. Gold mineralisation extends along strike for 1 km, and greater than 200 m vertically below the topographic surface. Mineralisation is open at depth and along strike. Javelin have been successful in outlining mineralisation which transitions from gold to coppergold to the north within a broader coppergold system at Coogee which now has strike length of over 1 km. High grade gold mineralisation has been observed to be associated with coarse grained pyrite (15mm grains). The grains of pyrite generally form in clusters proximal to strong magnetitechlorite alteration which is the highestgrade alteration that is associated with the gold mineralisation. More distal alteration is made up of hematitechlorite assemblage, with or without sericite, the broader alteration pattern comprises epidote within a medium to coarse grained dacite and finer grained andesite/rhyolite rock types. The style of gold mineralisation is thought to represent a skarnlike assemblage. Higher grade Cu mineralisation (up to 2m @ 8.34% Cu from 156m in CORC141) is hosted in basalt and intermediate porphyry (diorite) lithologies (see JAV, ASX Release 28 February 2022, Highgrade copper and wide goldcopper intersections at Coogee). It is associated with an intense chalcopyritepyritemagnetite phlogopite assemblage. The copper mineralisation is best developed in the area north of the Coogee pit and it can occur with varying grades of Au mineralization. Au mineralisation within the Coogee pit itself and area to the south do not display any association with copper as observed to the north. Significant gold and copper supergene mineralisation occurs in the weathered profile above the shallow dipping primary mineralisation. Ramelius Resources Limited mined an open cut pit (approximately 70 m deep) at Coogee in 2013, with reported production of 147,400 tonnes at 4.7 g/t Au for a recovered 20,400 ounces of gold. Processing was at the Burbanks mill, south of Coolgardie with metallurgical recovery of 96.4%. Cube Consulting generated two Au mineralisation domains (supergene and primary) in Leapfrog software based on a gold cutoff grade of 0.2 ppm. There is a subtle jog in the logprobability plot for all the Au data at just above 0.2 ppm Au, with a very linear distribution above 0.2 ppm. The orientation and continuity of these domains was based on the sectional interpretations provided by Javelin, which were consistent with the geological descriptions provided. The supergene and primary mineralisation domain were split at the 10 m transition zone between the base of weathered and fresh lithological profile. The Au domains were developed using the Intrusive geological model in Leapfrog software, with economic compositing at the 0.2 ppm Au threshold. The highgrade copper is not always coincident with the Au mineralisation, and in many instances the Cu intercepts are well outside the Au domains. Therefore, supergene and primary Cu domains were modelled in Leapfrog, separate to the Au domains. The Cu domains appeared to be more discrete than the Au domains and were therefore generated using the Vein modelling method in Leapfrog. The veins were based on a 1000 ppm Cu threshold, with economic compositing again used to define the vein intercepts and widths. Announcement • Jul 25
Javelin Minerals Limited Advises the Results of an Aircore Drilling Program At Its Coogee Project Near Kalgoorlie in Western Australia Javelin Minerals Limited advised the results of an aircore (AC) drilling program at its Coogee Project near Kalgoorlie in Western Australia. Coogee is located approximately 55 kilometres southeast of Kalgoorlie and immediately to the west of Silver Lake Resources' Randalls Mill. Positive gold assay results have been received from the AC program at the Coogee West prospect located over Lake Lefroy (salt lake) defining a 1.5km gold trend. Drill hole COAC235 has returned an intersection of 3m @ 0.20 g/t from 28m including 2m @ 0.27 g/t Au. This gold intersection lies within a trend with previous Ramelius Resources drilled AC holes with values of up to 127ppb Au. Gold anomalism remains open to the south. Javelin's AC drill program targeted areas, where historical AC drilling in 2015 by Ramelius Resources intersected anomalous bottom of hole of gold values up to 0.47g/t along a previously defined gold trend. The gold trend is further confirmed by Goldfields/Lefroy Exploration JV AC drilling, intercepting 6m @ 0.48g/t Au from 28m immediately south of Javelin's E 26/177 tenement boundary. A total of 43 AC holes were drilled for 686 metres with holes ranging in depth from 4m to 40m. A total of 268 composite and single metre samples were collected for Au and Cu analyses. Two main lithologies logged over the gold trend are maficultramafic and intermediate feldspar porphyries. The feldspar porphyry unit appears to form a 200 to 300m wide band trending NWSE that is broadly concordant with the structures outlined by the aeromagnetics and is associated with the intersected bedrock Au anomalies. The feldspar porphyry is bound on either side by maficultramafics. Gold mineralisation is associated with hematite alteration proximal to the inferred lithological contact and commonly hosts minor pink calcite veins and disseminated pyrite. Importantly this is the same alteration mineral assemblage associated with copper and gold mineralisation on the Coogee Pit trend. This suggests there is significant potential for shallow Coogee style coppergold mineralisition to occur 5 km to the west, currently obscured by Lake Lefroy salt lake. Announcement • Apr 19
Javelin Minerals Limited Announces 4,000 Metre AC Drill Programme Commences to Test Goldcopper Targets At Coogee West Javelin Minerals Limited announced the commencement of its 4,000 metre AC drilling programme at its Coogee Project ("Coogee") near Kalgoorlie in Western Australia. Coogee is located approximately 55 kilometres southeast of Kalgoorlie and immediately to the west of Silver Lake Resources Randall Mill. A "lake drill rig" from a leading drilling company based in Kalgoorlie is being used for Javelin's AC drilling programme over the Lake Lefroy area. Coogee West/Lake Lefroy: Historical aircore drilling in 2015 intersected anomalous bottom of hole of gold values up to 0.47g/t along a 3km gold trend. An encouraging shallow gold intercept of 6m at 0.48g/t Au from 28m has been outlined by the Goldfields/Lefroy JV immediately south of Javelin's E 26/177 tenement boundary, which adjoins a 3km gold zone with grades of up to 0.47g/t Au within the Coogee Project. Announcement • Feb 07
Javelin Minerals Limited announced that it expects to receive AUD 2.075 million in funding Javelin Minerals Limited announced a private placement of 2,075,000,000 common shares at a price of AUD 0.001 per share for gross proceeds of AUD 2,075,000 on February 7, 2022. The transaction includes participation from individual investors, Roger Blake and Erica Blake to raise AUD 125,000. The company will receive funding in two tranches. The company will issue 975,000,000 shares each in two tranches. The transaction is subject to shareholder approval at a general meeting of shareholders expected to take place in March 2022. Announcement • Feb 02
Javelin Minerals Limited Announces Further High Grade Gold and Copper Assay Results from 4M Composite Samples Collected from the Fourth Phase RC Drilling Programme at its Coogee Project Javelin Minerals Limited announced further high grade gold and copper assay results from 4m composite samples collected from the fourth phase RC drilling programme at its Coogee Project ("Coogee"). Coogee is located approximately 55 kilometres southeast of Kalgoorlie and immediately to the west of Silver Lake Resource's Randalls' Mill. The results include: CORC151: 12m @ 0.77 g/t Au from 80m and 48m @ 0.81 g/t Au and 0.1% Cu from 176m, including 8m @ 2.18 g/t Au and 0.21% Cu; CORC141: 8m @ 0.43 g/t Au and 1.98% Cu from 152m including 4m 0.66 g/t Au @ 3.69% Cu; CORC139: 32m @ 0.61 g/t Au and 0.08% Cu from 188m CORC140: 4m @ 1.49 g/t Au from 72m; 20m @ 0.31 g/t Au from 148m CORC142: 4m @ 1.03 g/t Au from 76m; 12m @ 0.39 g/t Au and 0.13% Cu from 108m CORC143: 8m @ 1.38 g/t Au from 140m. Copper mineralisation in drill hole CORC141 (8m @ 0.43 g/t Au and 1.98% Cu from 152m, including 4m @ 3.69% Cu) was characterised by semimassive chalcopyrite at the contact between a sheared mafic and carbonate lithologies. CORC141 has successfully extended the highgrade copper "shoot" on the Eastern Trend by 40m further north of the earlier Phase 3 drill hole CORC096 (6m @ 0.76 g/t Au and 2.54% Cu). The Eastern Trend has now been defined over 250m and the grade and thickness of this highgrade shoot is considered highly encouraging. Drillholes CORC151, CORC139 and CORC140 targeted the down dip extension of the broad gold/copper intersections on the Main Trend at depth. All three drillholes confirmed the continuation of the mineralised shear zone. The significant gold intersection in CORC151 of 48m @ 0.81 g/t Au and 0.1% Cu from 176m, including 8m @ 2.18 g/t Au and 0.21% Cu is one of the widest moderate grade intersections encountered to date north of the Coogee pit. The broad goldcopper intersection coincides with a change in orientation of the geology and shear zone from subvertical back to moderate west dipping. It is postulated that this goldcopper intersection may be a source feeder zone to a "large goldcopper" system. Deeper drilling is required to further determine its significance and to test this model. Announcement • Feb 01
Javelin Minerals Limited Confirms That Lowlevel Aeromagnetic and Radiometric Survey Covering Its Two Granted Exploration Licences and Five Exploration Licence Applications Has Been Completed Javelin Minerals Limited confirmed that a lowlevel aeromagnetic and radiometric survey covering its two granted Exploration Licences and five Exploration Licence applications has been completed. The aeromagnetic survey covers likely northward auriferous extensions of the Mt Ida Goldfield, including a portion of the significant Zuleica Shear Zone known for its association with gold occurrences to the south. In addition, the aeromagnetic survey will also provide information on the locations of previously untested lithiumtantalumrich pegmatitic intrusions as well as discrete mafic and ultramafic intrusives with potential to host base and platinum group metals discoveries over the area of the Company's tenements. The aeromagnetic survey, which was conducted on behalf of Javelin by Thomson Aviation took one month to complete. Flight line spacings were 50 metres with a survey sensor height of 3545 metres above ground level and a total of approximately 21,000 flight line kilometres completed. Southern Geoscience Consultants of Perth, Western Australia will process the flight data and provide the Company with commentary on the results. Announcement • Nov 27
Victory Mines Limited Announces the Commencement of the Fourth Phase 3,000 Metre RC Drilling Programme At Its Coogee Project Victory Mines Limited announced the commencement of the fourth phase 3,000 metre RC drilling programme at its Coogee Project (Coogee) near Kalgoorlie in Western Australia. Coogee is located approximately 55 kilometres southeast of Kalgoorlie and immediately to the west of Silver Lake Resources Randall Mill. The impetus for the new RC drilling programme is the recently announced gold grades of 4m @ 9.34 g/t Au from 175m, including 2m @ 16.15 g/t Au from hole CORC099 and 5m @ 5.11 g/t Au plus 0.76% Cu in CORC105 from 174m. These two holes have now outlined several more highgrade shoots along the Main Trend 350m north of the Coogee pit. These results are considered extremely encouraging, confirming that the trend continues to host high grade gold mineralisation well outside previously recognised areas at Coogee. In addition, new broad gold zones of 27m @ 1.22g/t Au in CORC107 from 109m and 31m @ 0.87g/t in CORC106 from 150m, plus further to the north of 12m @ 1.38 g/t Au from 179m in CORC098 and 17m @ 0.54g/t Au intersected in CORC099 from 190m confirm the continuation of significant downhole thickness of gold mineralisation immediately north off the Coogee pit. The drill programme is expected to be completed during December 2021 and results will be reported in the March quarter 2022 About the Coogee Project: Coogee is located approximately 55km southeast of Kalgoorlie on the northeastern shore of Lake Lefroy and comprises four tenements (Mining Lease M26/477, Exploration Lease E26/177 and Miscellaneous Licences L26/264 and L26/265) that cover an area of approximately 17km2. The project's location near the major mining centre of Kalgoorlie in Western Australia provides ready access to both significant exploration and mining support services and a skilled workforce. To date Victory has completed 3 phases of RC drilling totaling 122 holes for 16,751 metres. The drill programs have been successful in outlining mineralisation which transitions from gold to coppergold to the north within a broader coppergold system at Coogee which now has strike length of over 1km. Announcement • Jun 12
Victory Mines Limited Commences 6,000 Metre RC Drill Programme and New Copper Trends Bolstered at Coogee Victory Mines Limited announced that following the receipt of additional copper results and previously reported significant gold and copper intersections, a new 6,000 metre RC drilling programme has commenced at its Coogee Project ("Coogee") near Kalgoorlie in Western Australia. NEW COPPER RESULTS: The impetus for the current RC drill programme has been bolstered by drill hole CORC064 located at the northern edge of the "Eastern Trend" returning a significant copper intersection coincident with highgrade gold assays comprising 17m @ 1.00% Cu, 1.98 g/t Au from 77m including 10m @ 1.28% Cu, 1.91 g/t Au from 80m. The significant coppergold intersection features a highgrade assay of 1m @ 5.64% Cu and 4.74g/t Au (Figures 1 and 2). NEW DRILL PROGRAMME: Utilising two RC drilling rigs, the 6,000 metre programme is expected to delineate the northern extension of the two goldcopper trends north of the Coogee Pit, as well as develop more understanding of the previously identified coppergold porphyry target located immediately to the northeast which was diamond drilled in late 2019. The drill programme is expected to be completed over a period of approximately 2 months. Victory expects to provide regular news flow as the drilling programme progresses, with results to be released when they become available. Copper grades returned are coincident with highgrade gold assays. From the copper results received in drill holes CORC064 and CORC089, it appears that the copper footprint at the Coogee Project may be much larger when combined with the Coogee North prospect immediately to the northeast (Figure 3), and is potentially part of the same mineralised system which is displaying a transition from gold to coppergold moving to the north, within a broader CuAu system. Announcement • Feb 10
Victory Mines Limited Receives Assay Results with Gold Intersections of Significant Thicknesses from its Current Second RC Drilling Programme at the Coogee Gold Project Victory Mines Limited announced it has received assay results with gold intersections of significant thicknesses from its current second RC drilling programme at the Coogee Gold Project ("Coogee") located approximately 55 kilometres southeast of Kalgoorlie. So far, the Company has completed a total of 20 RC holes for 2,827 metres as part of its proposed 6,000m drill programme. The drilling programme is expected to be completed by the end of February. Gold assay results from 14 holes from the RC drill programme have now been received. Assay results for six drill holes are awaited. Significant widths of gold mineralization continue to be identified on previously drilled sections 25500N and 25520N (local grid) to test the down dip extent. Drill hole CORC054 intersected 20m @ 2.84 g/t Au from 96m, including 4m @ 7.33 g/t Au whilst drill hole CORC055 intersected a wide zone of gold mineralization with results of 8m @ 3.74 g/t Au from 76m, including 4m @ 5.28 g/t Au, 8m @ 2.69 g/t Au from 96m and 12m @ 1.74 from 116m. Gold mineralized intervals within drill holes CORC054 and CORC055 are associated with variable epidote +/siderite+/magnetite alteration and fine disseminated pyrite within a felsic intrusive body. RC drilling from this programme now extends the down dip continuation of highgrade gold mineralization intersected in the December 2020 quarter drill holes (CORC033, 034, 052, 051) on drill sections 25500N and 25520N (local grid). Additionally, hole CORC058 with an intersection of 12m @ 1.78 g/t Au from 92m on section 25480N confirms the continuation of the same high grade gold zone 20m to the south, defining it over 60m strike length. Only single drill holes displaying sub economic anomalous gold intersections on sections north and south of the high grade zone have been completed. Further RC drilling will be completed in this programme to test the area immediately to the west being the down dip extension. Gold mineralization in CORC064 is characterized by a sheared mafic with narrow felsic intrusive dykes. The alteration assemblage comprises chlorite-sericite-magnetite alteration of the mafic lithology and epidote-siderite-magnetite of the felsic intrusive respectively. Semi massive sulphide (pyrite +/chalcopyrite +/bornite) up to 20% was observed through this significant gold intersection. The mineralized shear zone shows similarities in both alteration and sulphide content to the high grade gold mineralization intersected in drill holes CORC052, 054, 055 200m to the south, and to the copper gold mineralization defined 200m further north within CGDD008 which returned 4.77m @ 1.96% Cu and 1.81g/t Au from 134m which was drilled by Serena Minerals in late 2019. The intersection within CORC064 is open to the north, west and south and marks the definition of a new trend of mineralization to the east of the trend defined directly north of the Coogee Pit. Announcement • Jan 22
Victory Mines Limited announced that it expects to receive AUD 2 million in funding from Ramelius Resources Limited, Strike Drilling Pty Ltd and other investors Victory Mines Limited (ASX:VIC) announced that it has received firm commitment for a private placement to issue 800,000,000 fully paid ordinary shares at a price of AUD 0.0025 per share for gross proceeds of AUD 2,000,000 and 200,000,000 unlisted options, subject to shareholders approval exercisable at AUD 0.003 per share on or before December 31, 2024 to subscribers, on January 21, 2021. The transaction will include participation from institutional, sophisticated and professional investors including, returning investor, Ramelius Resources Limited (ASX:RMS) to retain its 6.79% shareholding, Strike Drilling Pty Ltd, for up to AUD 250,000, Serena Minerals Limited affiliates for AUD 200,000, directors for up to 125,000, subject to shareholder approval. The directors have agreed to subscribe for a further 50,000,000 fully paid shares and 12,500,000 options subject to shareholder approval and is expected to close by March 26, 2021. The transaction is expected to close on February 3, 2021. Announcement • Jan 15
Victory Mines Limited (ASX:VIC) completed the acquisition of remaining 90% stake in Coogee Gold Project from Ramelius Resources Limited (ASX:RMS) Victory Mines Limited (ASX:VIC) agreed to acquire remaining 90% stake in Coogee Gold Project from Ramelius Resources Limited (ASX:RMS) for AUD 0.97 million on November 3, 2020. Post closing, Victory Mines Limited holds 100% stake in Coogee Gold Project. The transaction is conditional on :- (a) Receiving consent for the transfer of Mining Lease ML26/477 pursuant to section 82(1)(d) of the Mining Act; and (b) Receiving any other required regulatory or third-party approvals or consents. If any of the conditions are not met within 3 months, Victory Mines Limited may terminate the agreement by notice in writing to Ramelius Resources Limited.
Victory Mines Limited (ASX:VIC) completed the acquisition of remaining 90% stake in Coogee Gold Project from Ramelius Resources Limited (ASX:RMS) on January 14, 2021. Victory Mines Limited issued 321.9 million shares to Ramelius Resources as consideration. Announcement • Jan 12
Victory Mines Limited Announces Second Major Drill Programme Commences at Coogee Project Victory Mines Limited announced that an RC drilling programme of 6,000m has commenced at its Coogee Gold Project ("Coogee"). The drill programme is expected to be completed over a period of approximately 6 weeks by leading RC drilling contractor Strike Drilling Pty Ltd. ("Strike"). The 6,000m RC drill programme will drill test the following: Down plunge and strike extension of the highgrade shoot with grades of 12m at 12.01 g/t including 3m at 35.87g/t Au located south of the Coogee pit; Down dip and along strike extensions of the significant widths of gold mineralisation such as 20m at 2.22g/t Au that have been intersected 350m north of the Coogee pit; Down dip extensions of gold mineralisation below the shallow Coogee pit. A total of 40 drill holes have been planned. The majority of the holes range in depth from 100 to 250m. Victory expects to provide regular news flow as the drilling programme progresses, with results to be released when they become available. Coogee is located approximately 55km southeast of Kalgoorlie on the northeastern shore of Lake Lefroy and comprises four tenements (Mining Lease M26/477, Exploration Lease E26/177 and Miscellaneous Licences L26/264 and L26/265) that cover an area of approximately 17km. The project's location near the major mining centre of Kalgoorlie in Western Australia provides ready access to both significant exploration and mining support services and a skilled workforce. High grade gold mineralisation has been observed to be associated with coarse grained pyrite (15mm grains). The grains of pyrite generally form in clusters proximal to strong magnetitechlorite alteration which is the highestgrade alteration that is associated with the gold mineralisation. More distal alteration is made up of hematitechlorite assemblage, with or without sericite, the broader alteration pattern comprises epidote within a medium to coarse grained dacite and finer grained andesite/rhyolite rock types. The style of gold mineralisation is thought to represent a skarnlike assemblage. Gold mineralisation at Coogee occurs within a shear, possibly a thrust, which strikes NNWSSE and dips to the west at about 25 degrees. High grade gold mineralisation appears to be hosted in shoots on this thrust plane which plunges at what appears to be shallow angles to the south. This recently completed RC drilling programme will enable Victory to confirm the orientation of these shoots which should greatly assist subsequent drilling programmes. Announcement • Dec 02
Victory Mines Limited Announces the Drill Hole Cross Sections from Coogee Gold Project Victory Mines Limited announced that further to the announcement of Further Significant RC Drill Results from Coogee Gold Project on November 27, 2020, the company provides the drill hole cross sections with assay results from the remaining 7 drill holes from its first RC drilling programme at the Coogee Gold Project located approximately 55 kilometers southeast of Kalgoorlie. The company recently completed a total of 35 RC holes for 3,924 meters. Significant widths of gold mineralization have been intersected on both drill sections 25500N and 25520N. Gold mineralization remains open down dip and along strike to the north and south for 350m north of the Coogee pit. In addition, it has been observed that gold mineralization intersected is accompanied by strong magnetite alteration. From the gold mineralization identified by Victory when combined with historic drilling, it is apparent that the intermediate feldspar porphyry hosted mineralised shear zone exhibits horizontal widths of up to 50m. This provides an attractive, relatively shallow target for further drilling both down dip and along strike. Gold mineralization at Coogee occurs within a shear, possibly a thrust, which strikes NNW SSE and dips to the west at about 25 degrees. High grade gold mineralization appears to be hosted in shoots on this thrust plane which plunges at what appears to be shallow angles. This recently completed RC drilling programme will enable Victory to confirm the orientation of these shoots which should greatly assist subsequent drilling programmes. High grade gold mineralization at Coogee has been observed to be associated with coarse grained pyrite. The grains of pyrite generally form in clusters proximal to strong magnetite chlorite alteration which is the highest grade alteration that is associated with the gold mineralization. More distal alteration is made up of hematitechlorite assemblage, with or without sericite, the broader alteration pattern comprises epidote within a medium to coarse grained dacite and finer grained andesite/rhyolite rock types. The style of gold mineralization is thought to represent a skarn like assemblage. Announcement • Nov 29
Victory Mines Limited Announces the Return of Further Significant Gold Assays from the Remaining 7 Drill Holes from its First RC Drilling Programme at the Coogee Gold Project Victory Mines Limited announced the return of further significant gold assays from the remaining 7 drill holes from its first RC drilling programme at the Coogee Gold Project (Coogee) located approximately 55 kilometres southeast of Kalgoorlie. The company recently completed a total of 35 RC holes for 3,924 metres. As also recently announced, Victory has entered into an agreement with Ramelius Resources Limited to move to 100% ownership of Coogee. Majority of the gold assays are 4m composites and anomalous intervals will be reassayed on a 1 metre basis. A further update will be provided when the 1m samples comprising the 4m composite samples have been collected and assays have been received. Drill holes returning gold grades from the 4m composite samples that are greater than 0.30 g/t Au will be sampled on a 1m basis by a process of collecting the 1m cyclone/cone splitter calico samples. Approximately 400 samples fit this category. These samples will be dispatched for analysis with results expected to be received by the end of December 2020. Once these results have been received the following work is proposed: Create and update the Coogee database incorporating the historical/Ramelius drill holes, Serena Minerals drill holes and Victory Mines drill holes. Complete pXRF multielement analyses of drill chips. Produce a set of drill sections over the Coogee pit trend and Coogee North over a strike distance of 1km within tenement M16/477. Complete a geological interpretation using lithological/alteration patterns observed from the RC drill logging and pXRF data. Propose and prepare the next phase of systematic RC drilling to be undertaken in 100 to 150m panels below the Coogee pit trend. Coogee is located approximately 55km southeast of Kalgoorlie on the northeastern shore of Lake Lefroy and comprises four tenements (Mining Lease M26/477, Exploration Lease E26/177 and Miscellaneous Licences L26/264 and L26/265) that cover an area of approximately 17km2. The project's location near the major mining centre of Kalgoorlie in Western Australia provides ready access to both significant exploration and mining support services and a skilled workforce. Gold mineralisation at Coogee occurs within a shear, possibly a thrust, which strikes NNW- SSE and dips to the west at about 25 degrees. High grade gold mineralisation appears to be hosted in shoots on this thrust plane which plunges at what appears to be shallow angles. This recently completed RC drilling programme will enable Victory to confirm the orientation of these shoots which should greatly assist subsequent drilling programmes. High grade gold mineralisation at Coogee has been observed to be associated with coarse grained pyrite (15mm grains). The grains of pyrite generally form in clusters proximal to strong magnetite-chlorite alteration which is the highest grade alteration that is associated with the gold mineralisation. More distal alteration is made up of hematite-chlorite assemblage, with or without sericite, the broader alteration pattern comprises epidote within a medium to coarse grained dacite and finer grained andesite/rhyolite rock types. The style of gold mineralisation is thought to represent a skarnlike assemblage. Announcement • Nov 03
Victory Mines Limited (ASX:VIC) agreed to acquire remaining 90% stake in Coogee Gold Project from Ramelius Resources Limited (ASX:RMS) for AUD 1 million. Victory Mines Limited (ASX:VIC) agreed to acquire remaining 90% stake in Coogee Gold Project from Ramelius Resources Limited (ASX:RMS) for AUD 1 million on November 3, 2020. The transaction is conditional on :- (a) Receiving consent for the transfer of Mining Lease ML26/477 pursuant to section 82(1)(d) of the Mining Act; and (b) Receiving any other required regulatory or third-party approvals or consents. If any of the conditions are not met within 3 months, Victory Mines Limited may terminate the agreement by notice in writing to Ramelius Resources Limited. Announcement • Oct 03
Victory Mines Limited Commences RC Drilling Programme at Coogee Gold Project Victory Mines Limited announced that an RC drilling programme of 4,000m has commenced at the recently acquired Coogee Gold Project ("Coogee") with a leading RC drilling contractor Strike Drilling. The drill programme is expected to be completed over a period of approximately 4 weeks. The company expects to provide regular news flow as the drilling programme progresses, with results to be released when they become available. The 4,000m RC drill programme will drill test the down plunge extensions of a number of the high-grade gold shoots within the overall 600m strike length Coogee pit trend and below the previously mined Coogee pit. A total of 30 drill holes have been planned. Majority of the holes range in depth from 50 to 150m, with selected deeper holes to a depth of 220m. A Programme of Work Exploration (POW) has been approved by the Department of Mines Industry Regulation and Safety (DMIRS) and Heritage surveys have been completed. Announcement • Oct 01
Victory Mines Limited Appoints Zaffer Soemya as a Non-Executive Director Victory Mines Limited announced appointment of Zaffer Soemya as a Non-executive Director with effect from the lodgement of the company's Annual Report. He has over 25 years' experience in project management of major infrastructure and mining projects. Since 2005 he has been the General Manager of a mediumsized engineering company specialising in the installation, maintenance and design of bulk materials handling and processing equipment for the mining industry. In December of 2007 he was appointed as a Director of Oakajee Corporation Ltd. He was also a director of Ezeatm Pty Ltd. which was successfully listed on ASX in October 2011. In 2017 he joined the board of Serena Minerals Ltd. as Non Executive Director. Reported Earnings • Oct 01
Full year earnings released - AU$0.00019 loss per share Over the last 12 months the company has reported total losses of AU$471.2k, with losses narrowing by 96% from the prior year. 