HAV 5.56% 17.0¢ havilah resources limited

Ann: Havilah-BHP Kalkaroo Alliance To End, page-39

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    ICYMI

    Metals Acquisition Limited - Metals Acquisition Limited Initial Offering in Connection with ASX Listing Oversubscribed and Upsized to ~A$325million

    Metals Acquisition Limited (MAC) owns and operates the CSA copper mine in Cobar western NSW, having acquired it last year from top 10 HAV shareholder, Glencore.

    https://hotcopper.com.au/data/attachments/5949/5949468-df6372a64e37ad1eb6e5d2fda67d3591.jpg

    Reportedly MAC is seeking to acquire a second Australian copper asset after its ASX listing later this month (Source: The Australian).

    As we know, HAV's greenfield copper-gold asset Kalkaroo in north-east SA is up for sale.

    Interestingly while the grades at CSA are higher than at Kalkaroo, the reserves at Kalkaroo are greater than at CSA:

    CSA:
    https://hotcopper.com.au/data/attachments/5949/5949411-9b50e7c57cd3ef5156db808ea730d37b.jpg

    Kalkaroo:

    https://hotcopper.com.au/data/attachments/5949/5949418-7549c5eafdd45fb4f67880c6f870cc3e.jpg

    If MAC has any interest in Kalkaroo, presumably Deutsche Bank is already on it.

    DYOR

    Note: CSA graphics from MAC Oct 2023 presentation

 
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