This is from the home page under corporate and is enough to inspire more reading / research. Don't expect to see 1m shares traded in a day and frequent large price leaps. Price movements will be more pronounced once the company is better understood and when there is the really big hit from drilling.
Tricky home page name http://www.havilah-resources.com.au/corporate.html
Meanwhile management looking to maintain majority holdings after floating off different prospects like uranium and I guess iron ore etc gives existing shareholders an opportunity to benefit further. The parts separate are generally more than the whole.
CORPORATE INFORMATION Havilah Resources NL was formed in late 1996 to explore for gold and other metals especially in South Australia. In mid 1997 Lion Selection Group Ltd became a cornerstone investor in Havilah Resources and subsequently invested $1.9m.
Havilah listed on the ASX on 21st March 2002, following a successful $6million capital raising. The Company initially focused all effort on drill testing its Gawler Craton properties including the Mattaweara, Pernatty and Parndana projects. With the difficulty in obtaining good acreage in the Gawler Craton, Havilah turned its attention to the equally prospective Curnamona Craton region of northeastern South Australia. Over a period of three years Havilah patiently acquired strategic ground holdings in the Curnamona Craton from major companies who were downsizing their exploration divisions and exiting the region at the height of the minerals slump.
Currently Havilah has a large contiguous block of tenements in the Curnamona Craton covering roughly 6500 square kilometres, and mostly owned 100%. These tenements encompass most of the well mineralized parts of the region including the Kalkaroo copper prospect, the various Benegarie Ridge prospects (Portia, North Portia and Shylock) and the Mc Brides Dam lead –zinc prospect. These prospects are the current focus of Havilah’s exploration activities.
KEYPOINTS
A strategic ground position in the Curnamona Craton, an under-explored world class Proterozoic basemetal – gold province in a logistically favourable area of South Australia. Tens of millions of dollars have been spent in the region by major companies resulting in several mineral discoveries with outstanding exploration potential. An unsurpassed geophysical data-base assembled by successive pro-development state governments. Scientific approach to exploration involving routine use of 3D data analysis and modelling techniques to assist drill targeting. This approach increases the possibility of early drilling success, resulting in more efficient and effective use of available funds. Early exploration success, with numerous ore grade intersections in Havilah drilling, vindicating the prospectivity of the region. Directors and managers experienced and successful in exploration, mining and financing.
DIRECTORS
Keith Robert Johnson Chairman BSc(Hons), PhD, FAusIMM
Dr Bob Johnson, a geologist, is one of the world’s leading practitioners of the application of computers to geological modelling and mine planning.
His company, Maptek Pty Ltd, is a major supplier of technical mining software with a network of integrated offices across Australia, North and South America, Africa and Europe marketing the interactive VULCAN mining system. This experience has provided a broad understanding of orebodies and of the role of 3D geometry in structural geology.
Dr Johnson, a resident of Adelaide, is a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the American Society of Mining Engineers. He is also a non-executive director of Ellex Medical Laser Systems Limited.
Christopher William Giles Director BSc(Hons), PhD, MAIG
Dr Chris Giles is an experienced geologist having supervised exploration programmes for a variety of organisations all over the world.
During his career he has worked on exploration teams that have been directly responsible for the discovery of six operating gold mines. Prior to joining Havilah, he was a joint founder and investor in East African Gold Mines Limited, responsible for ground selection and supervising initial exploration programmes that resulted in the discovery of two substantial gold deposits in the Mara region of Tanzania, which have recently been brought into production.
Dr Giles is a resident of Adelaide and a Member of the Australian Institute of Geoscientists.
Mr Kenneth G.Williams Non-Executive Director B.Econ (Hons), M Appl Fin
Mr Kenneth Williams has extensive experience in mining finance and his skills will complement the technical skills of the other directors.
He has previously held roles in the treasury operations at Qantas Airways Limited and Normandy Mining Limited, before becoming Chief Financial Officer of Normandy. Until March 2003, Mr Williams was Group Executive Finance & Business Management at Newmont Australia Limited.
Mr Williams is also a Director of ASX listed company Australian Magnesium Corporation Ltd.
Mr Williams is a resident of Adelaide and member of the Australian Institute of Company Directors and the Finance and Treasury Association. He brings a strong financial background to the Board.
KB thanks for your graphs on hav
HAV Price at posting:
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