Javelin Minerals has revealed two significant board moves, adding well-known corporate finance executive Brett Mitchell and experienced geologist Pedro Kastellorizos as it prepares for more drilling in New South Wales.
The company says Mitchell, who has more than 25 years of experience in the equity and venture capital markets, will take the reins as executive chairman. He previously served in the mining sector as a director for Delta Lithium and had the same role with medical cannabis company, MGC Pharmaceuticals.
Mitchell is also the founder and director of Chieftain Securities – a Perth-based boutique corporate advisory and equity capital market firm.
Kastellorizos will move into the role of non-executive director at Javelin. His geology experience spans 26 years and includes time in the exploration, mining and corporate sectors in Australia and in London.
Specifically, Javelin says he will bring a broad spectrum of technical experience across the precious metals, battery metals, base metals, uranium, molybdenum, tungsten and industrial minerals space.
Kastellorizos founded Genesis Resources and has held other board positions including managing director at Eclipse Metals, chief executive officer of MinRex Resources and exploration manager at Tennant Creek Gold and Thor Mining. He is also the managing director and chief executive officer of Argent Minerals.
Earlier this month, Javelin renewed the exploration licences for its Husky and Malamute projects in NSW for an additional three years after getting the green light from that State’s resources regulator. The projects sit about 350km west of Sydney.
Last year, assays from drilling at Husky turned heads by confirming elevated levels of precious and base metals with the best results going 4m at 565 parts per million arsenic from 116m, 12m going 330ppm cobalt, 416ppm copper and 270ppm nickel from 19m, 5m with 346ppm cobalt from 23m and 5m with 1255ppm chromium and 923ppm nickel from 30m.
Javelin is certainly in the right neighbourhood with its Husky project. Platina Resources was sitting on 35.6 million tonnes at 405ppm scandium, equating to 22,000 tonnes of scandium oxide about 4km to the south of Husky, before Rio Tinto picked the project up for about $21 million.
To add some flavour, other metals present in the Platina deposit include platinum at 0.28 grams per tonne for 317,000 ounces, nickel at 0.1 per cent totalling 35,700 tonnes and cobalt at 0.06 per cent for 20,500 tonnes.
Previous drilling by Javelin and historical air-core (AC) drillholes at the less-mature Malamute project intersected significant lateritic material containing geochemically-elevated precious and base metals anomalism.
An additional 2088m AC campaign completed last year to assess previously untested aeromagnetic features in the Albert East area at Malamute were described by Javelin as “highly-encouraging”, with elevated platinum, nickel, cobalt and scandium levels identified within the weathered saprolitic slices of the drilled intervals.
Now, with new leadership at the helm, the market will no doubt be looking out for what the new year’s exploration efforts might bring.
Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au
By Andrew Duffy
