[MEDIA] [MEDIA] Kalkaroo provides Havilah shareholders with...

Kalkaroo provides Havilah shareholders with significant leverage to current high gold prices and future improving copper prices. It is a 100.1 million tonne JORC Ore Reserve (Proven - 90.2 million tonnes, Probable - 9.9 million tonnes) that contains 474,000 tonnes of copper and 1.41 million ounces of gold.

Per the PFS dated 18 June 2019, the Kalkaroo project has an estimated pre-tax NPV7.5% (net present value) of $564 million and an internal rate of return of 26% at USD2.89/lb copper, USD1,200/oz gold, AUD:USD0.75.

The Kalkaroo PFS valuation is also highly sensitive to commodity prices, with a 10% increase in metal prices resulting in a 48% increase in the pre-tax NPV7.5% to $835 million.

https://www.havilah-resources.com.a...pports_Large_Scale_Copper_Project_18Jun19.pdf


Cheers

These are only my 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.