Newly appointed South Australian Mining minister Dan van Holst Pellekaan said the opportunities for developing copper projects in the State remained abundant.
“While exploration activity has declined in recent years, we are confident that exploration expenditure will recover in response to rising commodity prices and an expected pick up in copper demand in the next couple of years,” Mr van Holst Pellekaan told The Australian Mining Review.
Currently, South Australia has a sizable gap between the largest (Olympic Dam) and second largest copper deposit (Carrapateena), and time will tell if another Olympic Dam-style deposit will be discovered [could this 'gap' be filled with a discovery at the Jupiter MT target area]
Total mineral exploration expenditure in the State was now sitting at about $49 million, compared to a peak of $328 million during 2011-12.
During June, SIMEC announced it had agreed to complete due diligence at Havilah Resources’ Maldorky and Grants iron ore projects, while advancing its various State-based renewable energy investments.
Boss Resources has initiated a three-stage strategy to resume production at Honeymoon uranium mine [which is on Havilah Resource's owned Kalkaroo Pastoral Lease, so that should bring in some 'rental' income]
... copper-cobalt opportunities by Havilah Resources in the east of the State.
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.
HAV fanboy: still drinking the Kool-Aid
HAV Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
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