Havilah Resources (ASX: HAV) can boost its stake in South Australia's largest known tin deposit at Prospect Hill to 85% from 65%, by completing a Feasibility Study.
This is perfect timing as the tin price continues to hover around a record high of US$32,400 a tonne.
Havilah initially earned a 65% interest in the project after completing two drill programs, with the increased stake due to current partners electing not to contribute further funds for drilling.
Prospect Hill has an inferred resource base of; 172,000 tonnes at 1.15% tin.
http://www.proactiveinvestors.com.au/companies/news/14021/havilah-resources-can-boost-stake-in-largest-tin-deposit-in-south-australia-14021.html
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