Javelin Minerals (ASX:JAV) has taken a major step toward first production and cash flow from its Eureka Gold Project near Kalgoorlie, lodging the mining development and closure proposal with the WA Department of Mines, Petroleum and Exploration.
The submission aligns with Javelin's plan to commence mining in the June quarter of 2026, with first cash flow expected in Q3.
The proposal was submitted under the Department’s new fast-track process.
Javelin has partnered with Goldfields mining services provider MEGA Resources, which will supply geological, engineering, mining, and transport services, as well as $25 million in project financing to fully fund Eureka into production and positive cash flow.
Discussions with nearby mill operators are progressing, targeting ore processing to begin in the September quarter of 2026.
Processing start will trigger monthly upfront payments of $250,000 from MEGA to Javelin.
Preparatory works are well underway, with drilling contractor TopDrill completing a 1,100m stratigraphic and geotechnical diamond drilling program at Eureka Pit and high-grade zones at Eureka North.
The drilling will inform pit design and metallurgical characterisation ahead of mining.
In February 2026, Javelin plans to commence an RC drill program to test northern extensions of mineralisation, continuing efforts to expand the Resource and mine plan.
At the time of reporting, Javelin Minerals’ share price was $0.069.