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Additional Information
Market:ASX
Sector:General Mining
EPIC:HAV
Latest Price: 0.76  (-10.59% Descending)
52-week High:1.10
52-week Low:0.48
Market Cap:77.00M
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Havilah Resources

Havilah Resources (ASX: HAV) was formed in late 1996 to explore for gold and other metals in South Australia. 

 

The company is aiming to become a significant copper, gold, cobalt and molybdenum producer from mining operations to be developed on four advanced projects, namely Kalkaroo, Mutooroo and Portia and North Portia.

 

Pdf

Havilah Resources in trading halt pending merger talks with Geothermal Resources

Monday, August 22, 2011
Havilah Resources in trading halt pending merger talks with Geothermal Resources

Havilah Resources (ASX: HAV) has been granted a trading halt by the ASX pending the release of information about the outcome of merger discussions with Geothermal Resources (ASX: GHT).

The company expects to make an announcement on or before the commencement of trading on Wednesday 24th August, 2011. Havilah has a 58% strategic interest in Geothermal Resources.

On July 15 Havilah intersected copper-uranium mineralisation from ongoing drilling at North Kalkaroo, within the Kalkaroo Project in South Australia.

In July 2007, Glencore International (LON: GLEN) joined with Havilah to fund a $14 million Feasibility Study on the Kalkaroo project.

Upon completion of the Feasibility Study and a review period, Glencore may elect to arrange project financing for the subsequent mining joint venture in exchange for taking a 14% participating interest and metals offtake.

Havilah Resources aims to become a significant producer of copper, gold, cobalt and molybdenum from its 100% owned Kalkaroo, Mutooroo and Benagerie projects, which are at advanced feasibility stage.

Kalkaroo is a medium size copper-gold deposit containing over 320,000 tonnes of copper and almost 1 million ounces of gold in a measured resource of 62 million tonnes of 0.55% copper and 0.44 g/t gold.

The deposit is amenable to a bulk mining operation at the rate of 4.5 million tonnes per annum for a period of twelve years.

At projected long term copper price of US$6,600 per tonne and gold price of US$1,000 per ounce, the project is projected to produce a cash surplus of A$605 million.




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