Kalkaroo Copper Strategy, page-3

A 3D Tour of the Kalkaroo Cu-Au Deposit

The video below is why I am such a Fanboy when it comes to our legacy asset and the Kalkaroo Copper Strategy.

For those who have not already seen it, the AIG You Tube video was originally published on Dec 7, 2013 by Australian Institute of Geoscientists ('AIG'):



For me, the first 15 minutes of the presentation are the most important for any HAV shareholder (or potential HAV shareholder):

1. Kalkaroo discovery history;
2. Integration of Placer/MIM/Newcrest data for the first time (via Vulcan 3D software);
3. The message of how Uncle Bob and Chris were able to use the Vulcan 3D software to do what none of the other 3 majors had previously done; and
4. Drilling 65 consecutive RC (reverse circulation) holes, which all hit ore grade mineralisation, to expand it from a 5-10Mt resource (by Placer in 1996) to an initial 70Mt 0.5% Cu and 0.5g/t Au (by Havilah in 2006). #


If you watch it to the end (warning, it is over 1 hour long), you will:

A. Visually see in 3D how the ore twists and turns through the structure;
B. Understand why the saddle area drilled at Kalkaroo during 2012 did not turn out as planned; and
C. Understand why HAV has a roadmap to find an additional Kalkaroo or three within a 20km radius.


How the Kalkaroo deposit was acquired by HAV:
It is interesting to note that HAV originally acquired Kalkaroo over 13 years ago.

April 2003: 100% of EL 2720 (Kalkaroo) jointly owned by Placer Dome Asia Pacific (‘Placer’) and MIM Exploration Pty Ltd. EL 2720 covers the Kalkaroo prospect, where several rounds of drilling by major companies have discovered widespread low grade copper and gold mineralisation in a domal structural setting that is favourable for further discoveries.

Havilah acquired this tenement for no cash outlay, and on the agreement that the vendor companies may elect to re-enter the project if a mineral discovery of sufficient size is made, or alternatively accept a 2% production royalty.

19 August 2005: Havilah announced that it has reached an agreement with Placer extinguished Placer’s interest in EL 2720, including the Kalkaroo copper-gold deposit.

Under the terms of that agreement, Havilah made a once off advance royalty payment of $2.5 million to Placer in two instalments, thereby eliminating Placer’s previous clawback rights, options and any further royalty payments.

# Kalkaroo Copper-Gold Project is now a large undeveloped resource containing over 620,000 tonnes of copper and 2 million ounces of gold in JORC Measured and Indicated Resources.

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.