Havilah confident in South Australia Havilah Resources’...

Havilah confident in South Australia

Havilah Resources’ portfolio of projects in northeast South Australia hosts copper, gold, cobalt and iron ore resources, and its current focus is on its flagship Kalkaroo copper-gold deposit, near Broken Hill, which also has rare earth potential.

Recent drilling at the deposit confirmed further economic copper and gold results with key intercepts returned from the fault intersection zone, in part lying outside of the current Kalkaroo JORC mineral resource envelope, including:

• 16 metres of 1.31 g/t gold from 69-85 metres;
• 10 metres of 1.51 g/t gold from 102-112 metres; and
• 13 metres of 1.37% copper and 0.55 g/t gold from 133-146 metres

Its technical director Dr Chris Giles told investors the company hoped to start site works before the end of the year, on a gigantic ore reserve of 100 million tonnes of copper.

Dr Giles also heavily emphasised Havilah’s attractiveness to investors looking to gain exposure to copper.

“Havilah has by far the highest leverage to copper of our peers,” he said.

“$1 invested in Havilah buys you more copper in ore reserves than any of our ASX-listed peers, and it’s the same story with copper-equivalent resources.”

Yesterday's Proactive Investor presentation video can be viewed below:



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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.