@Cobaltq you cannot get "plainted" and lose exploration licences in SA (unlike WA), even so, the exploration expenditure is still negotiable under the Amalgamated Expenditure Agreement (AEA). To quote @Clark888 " Havilah will have to relinquish X% of its total landholding, depending on what it can negotiate with the Government".
Considering HAV's exploration experience within the Curnamona area, I highly doubt that they would be relinquishing anything that is prospective. Besides which, if HAV can attract JV's and get others to spend money (eg at Jupiter), then that will help meet expenditure requirements.
Given the recent news regarding Kalkaroo/Wanbao + Mutooroo/Cobalt Blue, my bet is that's what management is working towards.
New capital raising needed o support lease expenditure, page-20
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $67.85M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 20.0¢ | 18.5¢ | $13.39K | 69.90K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 32000 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 20000 | 1 |
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| Last trade - 12.25pm 08/11/2024 (20 minute delay) ? |
| HAV (ASX) Chart |