JBY james bay minerals limited

Ann: Drilling Mobilisation commenced at Independence Project, page-6

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    JBY Investment Update – June 2025

    Theme: High-Grade Expansion Confirms Upside at Independence Gold Project (Nevada)

    Key Catalysts Delivered

    • Exceptional High-Grade Hit: JBRC003 returns 68.6m @ 1.2g/t Au (incl. 6.1m @ 8.6g/t Au), and 13.7m @ 2.5g/t Au (incl. 3.1m @ 8.8g/t Au).

    • Mineralisation Extended by 370m: Rebel Trend now confirmed as host to stacked lodes, outside the current MRE.

    • Validates Heap-Leach Model: Grades and intercepts compare favourably to Phoenix and Marigold, where AISC remains low despite 0.17–0.36g/t Au mining grades.

    Investment Thesis Strengthened

    • Supports the “hidden value” view of near-surface oxide mineralisation.

    • Increases likelihood of resource re-rating from 1.2Moz to ~2Moz.

    • Reinforces takeover potential as NGM oxide supply declines.

    ⚠️ Risks Still Present

    • JBRC001/002 grades modest (0.4–0.5g/t) but in line with heap-leach expectations.

    • No metallurgical update yet—recovery and ore type confirmation still key.


 
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Last
58.5¢
Change
0.015(2.63%)
Mkt cap ! $42.03M
Open High Low Value Volume
57.0¢ 59.0¢ 56.5¢ $35.89K 62.81K

Buyers (Bids)

No. Vol. Price($)
1 36363 55.0¢
 

Sellers (Offers)

Price($) Vol. No.
59.0¢ 4100 1
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Last trade - 15.59pm 02/07/2025 (20 minute delay) ?
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