Javelin to sell Bonaparte project as focus shifts to gold
ASX-listed Javelin Minerals has announced the sale of its Bonaparte copper/silver/lead/zinc project in Western Australia’s Kimberley region, marking a shift in its focus towards its core gold assets.
The decision aligns with a broader corporate strategy to divest of noncore projects, following the recent sale of its Malamute project, in New South Wales, to Rimfire Pacific.
The Bonaparte project, which comprises five exploration licences spanning 564 km2, is located 50 km west of Boab Metals’ Sorby Hills base metals deposit.
Sorby Hills hosts a resource estimate of 44.1-million tonnes at 4.5% lead and 0.5% zinc. The Bonaparte project itself is considered prospective for copper, lead, zinc and silver, but has seen limited recent exploration.
The disposal comes on the heels of Javelin’s recent acquisition of the Eureka gold project, near Kalgoorlie, in Western Australia.
Alongside its Coogee gold project, Javelin now owns, and is fully focused on, two brownfield gold exploration projects in the Eastern Goldfields, both of which have existing Joint Ore Reserve Committee (Jorc) resources and significant growth potential.
“The Bonaparte project has been exposed to very little recent exploration and has significant upside based on the historical copper, silver, lead and zinc exploration results.
“But we have now secured two outstanding gold projects in Eureka and Coogee. Both have existing Jorc resources and plenty of opportunities to grow the inventories, right on the edge of Kalgoorlie,” said executive chairperson Brett Mitchell.
“Given our very active exploration schedule totally focused on Eureka and Coogee, we have decided to offer Bonaparte for sale.”
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