Javelin Minerals Limited (AU:JAV) has released an update.
Javelin Minerals Limited has successfully raised $1 million in working capital via a rights issue and shortfall placement, alongside executing strategic board changes, including the appointment of Brett Mitchell as Executive Chairman. A comprehensive review by the new board identified a significant uranium exploration target at the company’s Stakeyard Well Uranium Prospect in Western Australia, with promising historical drill results and a planned exploration program to further assess the potential. The company is poised for a focused exploration effort with $650k in cash reserves as of March 31, 2024.
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