Well, Havilah Resources Limited management is not resting. A new exploration licence will be granted.
"NOTICE is hereby given in accordance with Section 28 (5) of the Mining Act 1971 that the delegate of the Minister for Mineral Resources and Energy intends to grant an Exploration Licence over the area described below:
Applicant: Havilah Resources Limited
Location: Maljanapa Area—Approximately 170 km north of Olary.
Pastoral Lease: Frome Downs, Quinyambie Term: 2 years
Area in sq km: 996
Reference number: 2015/00178"
http://www.governmentgazette.sa.gov.au/sites/default/files/documentstore/2016/February/2016_013.pdf
It will be one of the largest Els on HAV's books going forward, based on the Mineral Exploration Licences (alphabetical index) of 26 February 2016:
https://sarig.pir.sa.gov.au/GeneratedFiles/DAILY/M03.pdf
I don't know what commodities HAV is searching for in the Frome/ Olary area, on this Exploration Licence.
Cheers
These are only my random 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.
New Exploration Licence
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