Ann: Mutooroo Cobalt District - High Cobalt at Scorpion Prospect, page-27

“Personally, I liken HAV's acquisition approach to a game of Monopoly, whereby $HAV has been flying under the cobalt radar but now we find ourselves in a position where we own the majority of pieces in the highly sort after areas of Mayfair and Park Lane"

On the South Australian side, as HAV shareholders, yes we do.

I see from the PIRSA website that HAV Management added, on 22 February 2018 #, the last two pieces to the Mutooroo Cobalt District Jigsaw Puzzle:





The two pieces are shown here:

https://sarigbasis.pir.sa.gov.au/WebtopEw/ws/plans/sarig1/image/DDD/205025-035

Both fall within HAV’s Mutooroo Cobalt District boundary.

That addition of these two jigsaw pieces by Havilah locks up majority coverage of both the Mutooroo Cobalt District and the Mutooroo Gneiss, with Minotaur (EL5963 tenement) being the only third party holding within the Mutooroo Cobalt District.

And you know how much I like my Mutooroo Gneiss.

Mutooroo Gneiss (the purple colour) being shown on the geology map (page 25, MESA Journal 41, April 2006) below:




A great article on Mutooroo Gneiss in the Curnamona Basin is available below (MESA Journal 41, April 2006). Significant localities include south of Pinery Hill, adjacent to the NSW border on Pine Creek, at the Mutooroo Mine and south of Radium Hill:

https://sarigbasis.pir.sa.gov.au/WebtopEw/ws/samref/sarig1/image/DDD/MESAJ041024-029.pdf

The Mutooroo Cobalt District continues to be on my 'elephant' watch list for obvious reasons.


Grants Iron Ore Basin
The Grants Iron Ore Basin also looks very interesting, after HAV Management secured last year all the pieces of that Jigsaw Puzzle. Again, that was all acquired on the low down.

The Basin is unique for its large size, absence of overburden and almost flat lying occurrence of the Braemar Iron Formation that appears to have formed in a shallow fault-controlled depression in the Broken Hill age bedrock.

The MESA Journal 41 geology map (above) also showed me visually, for the first time, the Grants Iron Ore Basin. It is the brown blob on the middle-left hand side (on the same horizontal line as the Mutooroo Mine).

I had not really appreciated its size or that it was classified as a 'Neoproterozoic Sediment' basin.

The written words in the 2017 Annual Report "a large 6X10 km ore basin comprised of a thick sequence of almost flat-lying Braemar Iron Formation" does not do the Grants Iron Ore Basin justice.

The Grants Iron Ore Basin also continues to be on my 'elephant' watch list.

Cheers

These are only my random (What are the odds of two ‘elephants’ being in the same area?) thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.

HAV fanboy: still drinking the Kool-Aid

# I was reviewing the 31 January 2018 ASX Quarterly Report today and saw the mention of ELA 2018/00017 'Mutooroo South' as a change in tenement holding during the last quarter.