Articles On Havilah Resources (ASX:HAV)

The drilling results continue to support the development potential of the company’s large Kalkaroo copper-gold deposit in north-eastern South Australia, near Broken Hill.

Non-executive director Victor Previn, technical director Chris Giles and chairman Simon Gray all participated in the strongly supported $2.72 million SPP.

The company is now well-funded to carry out its planned work programs over the next 12 months across its projects in northeast South Australia.

Havilah is progressing its two advanced copper projects, with substantial gold and cobalt resources, along with its large and highly prospective exploration acreage.

The SPP provides eligible shareholders the opportunity to acquire up to $30,000 worth of new shares at 17 cents each, the same price as the placement.

“We are delighted with the support for the placement and look forward to putting investors’ funds to work in continuing to advance our exciting asset portfolio,” says director.

The company continues to evaluate the feasibility of the West Kalkaroo starter open pit project within the broader Kalkaroo Copper-Gold Project in South Australia.

Bastnasite has been identified as the primary REE host in West Kalkaroo oxidised copper-gold ore samples and this is high in the more valuable rare earths.

The Kalkaroo JORC resource and reserve parameters underpin Havilah’s status as having one of the highest potential leverages to copper and gold in comparison to its ASX-listed peers.

The results confirm the mineralisation potential of the fault intersection zone, with appreciable scope to potentially increase the resource tonnage in this area.

Aircore drilling continues to extend the base of the shallow Tertiary horizontal gold mineralised layer near the planned open pit.

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“Taking advantage of the current long-term forecast gold price and pursuing the gold-only start-up open pit option at West Kalkaroo makes business sense,” says technical director.

The demonstrated potential for widespread fracture vein and breccia style copper-gold mineralisation will be the target of further follow-up exploration drilling in this area.

Accelerated Discovery Initiative funding amounting to $275,000 has been provided on a dollar-for-dollar basis for two exploration projects.

Drilling at the West Kalkaroo Gold Project has returned results of up to 65 metres at 1.2 g/t from 77 metres.

The project near Broken Hill now contains 20,000 tonnes of cobalt with the company now having a total of 43,400 tonnes.

The project near Broken Hill now contains 20,000 tonnes of cobalt with the company now having a total of 43,400 tonnes.

Experts from the University of South Australia will investigate recovery of by-product rare earth elements from West Kalkaroo saprolite gold ore.

Horizontal clay-hosted base of Tertiary gold mineralisation was confirmed in several aircore drill holes while saprolite gold mineralisation continues to exceed the resource grade.

Over 30 aircore drill holes have been completed this year at West Kalkaroo, the results of which will be incorporated in a revised gold resource estimate for a conceptual pilot open pit.

Drilling continues under strict adherence to COVID-19 health directives issued by the South Australian Government.

Mineral exploration licence fees have been deferred for six months and there has also been a 12-month waiver of exploration expenditure commitments.

The program is designed to define a shallow gold resource in Tertiary age clays as well as to better identify saprolite gold mineralisation within the confines of a conceptual starter open pit at West Kalkaroo.

Havilah is increasing rare earth study work in South Australia after a discovery potential was confirmed by independent expert Ken Collerson.

Havilah Resources has signed a memorandum of understanding (MOU) with Port Augusta Operations to use the port and shipment services for iron ore exports. Port Augusta Operations will hold a 99-year lease over the former Port Playford land a...

The port facility is well located with respect to Havilah’s Braemar iron ore projects and existing rail line, which will minimise logistics capital expenditure.

Investment bank Lazard believes shareholder activism is going to become more rife in future. Shareholder activism occurs when existing shareholders publically attempt to influence a company’s behaviour. To meet the criteria they have to be...

Havilah Resources (HAV) has highlighted rare earth potential at its Kalkaroo copper-gold project in South Australia The discovery of rare earths was a surprise to the company, as previous drilling has only focused on uranium, gold and bas...

Studies have commenced on the Kalkaroo Copper-Gold-Cobalt Project to investigate the potential for economic recovery of a REE concentrate as a by-product.

Havilah Resources (ASX:HAV) may have unearthed a surprising new revenue stream at its flagship Kalkaroo copper-gold project in South Australia – rare earths. The results of a June 2018 pre-feasibility study — which is currently being update...

Technical director Chris Giles has outlined a positive forward outlook for the South Australian minerals explorer and developer.

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Funds raised in a recent rights issue have allowed the company to make the final $1 million loan repayment on time with the loan now extinguished.

In excess of $3 million has been raised and Havilah expects major shareholders and others will subscribe for the shortfall of more than $2 million.

Benagerie Gold & Copper Pty Ltd has started drilling following rigorous 3D modelling of the detailed gravity and aeromagnetic data.

The company is focused on increasing the attractiveness of its projects by delivering pre-feasibility studies and mineral resource updates.

A detailed gravity survey is planned at the prospect in South Australia before the end of the year to assist drill targeting.

Variscan Mines’ (ASX:VAR) Spanish foray is looking good with a review and analysis of historical geochemistry data identifying multiple significant zinc anomalies at the Novales-Udias project. These anomalies are scattered across and adjace...

THE zeal of Havilah Resources shareholders to support the previous strategy of issuing equity for exploration after voting down a potential A$100 ...

Funds will be used primarily for value-enhancing work on Havilah’s advanced projects and to explore key high-conviction untested copper-gold targets.