The Coogee Gold Project, located near Kalgoorlie, Western Australia, is a key focus for Javelin Minerals. This project targets the region’s rich deposits of Copper and Gold through advanced and methodical exploration techniques. Our goal is to unlock significant value by identifying and developing these high-grade mineral resources.
The Coogee Gold Project is located approximately 55km southeast of Kalgoorlie on the north-eastern shore of Lake Lefroy and comprises 1 Mining Lease, 5 Exploration Licences, 4 Exploration Licence Applications 2 Miscellaneous Licenses that cover an area of approximately 17km2 (Mining Lease M26/477, Exploration Licences E26/177, E26/236, E26/245, E26/246 and E 26/247 and Exploration Licence Applications E26/248, E26/249, E26/257, E26/258 and Miscellaneous Licences L26/264 and L26/265). The project’s location (Figure 3) near the major mining center of Kalgoorlie in Western Australia provides ready access to both significant exploration and mining support services and a skilled workforce.
Ramelius mined an open cut pit (approximately 70m 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 (conventional carbon-in-leach processing facility), south of Coolgardie with metallurgical recovery of 96.4%.
The Company released a Mineral Resource Estimate (MRE) on 3 April 2023 by independent consultants following the completion of a four phase RC drill program totalling 135 holes for 19,136 meters. Table 1 below shows the MRE for all remaining material (i.e., depleted for previous mining), above a cut-off grade of 0.5 ppm (g/t) Au
Classification | k Tonnes | Au ppm (g/t) | Au k oz |
Indicated | 614 | 1.43 | 28.2 |
Inferred | 808 | 0.80 | 20.8 |
Total | 1,422 | 1.07 | 49.0 |
Table 1: Coogee Updated Mineral Resource Estimate.
This announcement represented a materially significant increase in tonnage and overall contained metal from the previous estimate announced by Ramelius Resources Limited (“Ramelius”) on 3 September 2014 (see ASX Release Resources and Reserves Statement). Whilst the new MRE increase can be partially attributed to a lower cut-off 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 in-house geological interpretation which has highlighted more prospective areas of gold mineralisation.
The Board is currently conducting a detailed review of all the historical mining and exploration work undertaken to date, and looks forward to updating shareholders in due course. No substantive mining exploration activities were undertaken during the quarter on Coogee.
Coogee
Kalgoorlie, Western Australia
Gold-Copper-Nickel
