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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Mkt cap ! $45.27M |
Open | High | Low | Value | Volume |
63.0¢ | 63.5¢ | 62.0¢ | $8.633K | 13.82K |
Buyers (Bids)
No. | Vol. | Price($) |
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7 | 3460 | 62.0¢ |
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Price($) | Vol. | No. |
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63.5¢ | 3212 | 2 |
View Market Depth
No. | Vol. | Price($) |
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7 | 3460 | 0.620 |
3 | 131 | 0.615 |
2 | 43388 | 0.560 |
3 | 4700 | 0.555 |
2 | 18333 | 0.550 |
Price($) | Vol. | No. |
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0.635 | 3212 | 2 |
0.640 | 32648 | 2 |
0.645 | 4153 | 1 |
0.650 | 36767 | 5 |
0.655 | 15000 | 1 |
Last trade - 12.20pm 23/07/2025 (20 minute delay) ? |
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