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 451 MILLION TONNE RESOURCE

Low Sovereign Risk, Mining Friendly South Australia

IRON ORE

OUR FLAGSHIP

IRON ORE PROJECTS

  • JORC Resources of 451 million tonnes of 24-30% Fe in Grants and Maldorky deposits.
     

  • Grants Basin is one of the largest iron ore discoveries in Australia in recent decades with an
     

  • Exploration Target of 3.5-3.8 billion tonnes of 24-28% Fe (only 25% of the basin area is drilled).
     

  • Potentially decades supply of high quality upgraded iron ore likely to be suitable for pelletising.
     

  • Soft, granular ore with carbonate-clay matrix and a low work index, well suited to upgrading.
     

  • Upgrades to a premium 65% product with low impurity elements for an efficient 40% yield and 85-88% overall iron recovery.
     

  • Located in northeastern South Australia near Broken Hill – a low sovereign risk, tier 1 ESG destination.
     

  • Grants and Grants Basin projects lie within a few km of the heavy duty transcontinental railway line that connects directly to a proposed transshipment facility at Port Playford 350 km to the west that is planned to be operational in 2022.
     

  • Drilling is planned in early 2021 to define a shallow iron ore resource at Grants Basin that can form the basis for a mining scoping study.
     

  • Bulk samples will be collected to test dry magnetic separation processing technology, which has the advantage of minimal ground water usage and ease of tailings disposal.
     

  • It is expected that energy will come from new and nearby existing renewable energy sources.

451 MILLION TONNES OF IRON ORE IN JORC MINERAL RESOURCES

KALKAROO

– One of the largest undeveloped open pit copper deposits in Australia

- Contains 1.1 million tonnes of copper, 3.1 million ounces of gold and 23,200 tonnes of cobalt in Measured, Indicated and Inferred JORC Mineral Resources.

- PFS economic model shows pre-tax NPV7.5% of A$903 million at forecast long term gold price of US$1,500 / ounce and copper price of US$3.10 / lb.

- Project is well advanced with granted mining lease, completed PFS, land ownership,

- Mining planned to commence in late 2021 on a lower capital gold open pit at West Kalkaroo, before transitioning to the large scale copper-gold sulphide project.

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MUTOOROO

– One of the highest grade sulphide cobalt deposits (0.16% cobalt) in Australia with associated copper (1.53% copper)

- Contains 195,000 tonnes copper, 20,200 tonnes of cobalt and 82,100 ounces of gold in Measured, Indicated and Inferred JORC resources.

- Concept is for an initial shallow open pit exploiting >1.3% Cu and 0.14% Co Measured and Indicated resources followed by underground mining of higher grade Inferred resources >1.7% Cu and 0.17% Co

- Very high exploration potential for new discoveries in the surrounding 100% owned exploration licences. Drilling of numerous targets planned.

 

NEXT STEPS

HOW WILL REE PRODUCTION BE ACHIEVED?

CORPORATE PORTFOLIO

5

Projects

Tonnes of Copper

1.3M

Ounces of Gold

3.2M

451M

Tonnes of Iron Ore

43.4k

Tonnes of Cobalt

KEY ASSETS

  • Copper, gold, cobalt JORC Mineral Resource inventory – 1.3 million tonnes of copper, 3.2 million ounces of gold and 43.4 thousand tonnes of cobalt.

  • Kalkaroo copper-gold-cobalt deposit – 100 million tonne open pit JORC Ore Reserves of 0.474 million tonnes of copper and 1.4 million ounces of gold.

  • Mutooroo copper-cobalt-gold deposit – 13.1 million tonnes of 1.5% copper, 0.16% cobalt and 0.20 g/t gold open pit massive sulphide deposit.

  • Iron ore – three deposits namely Maldorky and Grants JORC Resources and Grants Basin, with potentially several billion tonnes of iron ore mineralisation.

  • Over 16,000 km² of highly prospective mineral tenements in South Australia – unmatched elsewhere in Australia.

*Note that not all announcements are posted on this website. Click here to see all announcements on ASX

*Items shown in photographs on this website may not necessarily be assets of Havilah Resources. 

ANNUAL REPORT 2020
QUARTERLY ACTIVITIES
REPORT & CASH FLOW REPORT 
 
- PERIOD ENDED 31ST OCTOBER 2020
Technical Review AGM 2020
 

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ADDRESS

PO BOX 3

Fullarton, 5063

South Australia, Australia

ABN: 39 077 435 520

© 2021  Havilah Resources