viewHavilah Resources Ltd

Havilah Resources to expand copper-cobalt exploration in Mutooroo district

The company is seeking to add to the 195,000-tonne copper and 8,400-tonne cobalt resource at Mutooroo.

Mutooroo core sample
A 6-centimetre-wide mineralised core sample from Mutooroo

Havilah Resources Ltd (ASX:HAV) plans to expand exploration at the Mutooroo Copper-Cobalt District in South Australia’s northeast targeting additional resources within trucking distance of the Mutooroo deposit.

The additional exploration, including drilling, sampling and survey work, will support an expanded project scope.

This work will be supported by a comprehensive metallurgical testing program for the copper stream.

Copper Strategy – Enhanced by Cobalt

Havilah is systematically targeting copper and cobalt, in north-eastern South Australia, in line with its Copper Strategy – Enhanced by Cobalt.

Chief geologist Andy Price is outlining the plans for Mutooroo today in a technical presentation at the South Australian Exploration and Mining Conference.

His presentation will highlight Havilah’s low-cost 2018 exploration strategy, which has resulted in the definition of several high priority copper-cobalt drill targets in the Mutooroo district.

This district covers 720 square kilometres of Havilah exploration tenements and lies just west of Broken Hill, alongside South Australia’s border with New South Wales.

It encompasses copper-cobalt prospective terrain with high potential for new discoveries.

Regional exploration targets at the Mutooroo project in northeast South Australia.

The company’s 2019 exploration plans include ground electromagnetic (GEM) survey work and reverse circulation drilling of the Scorpion prospect.

Other prospects in line for GEM surveys and possible first pass drill testing are Sidewinder, Viper, Mutooroo South, Scorpion Trend and Copperhead.

READ: Havilah Resources obtains suitable core samples for Kalkaroo copper-gold-cobalt tests

Havilah will also continue with regional Fe lag sampling, a geochemical sampling medium that is primarily used in arid regions and which has been used successfully in the district to date.

Fe lag sampling work at Mutooroo.

Cobalt remains a valuable component that could add significant value in the future but quantifying and realising the scope of this potential upside requires more detailed study.

The recommended start of a scoping level study into a copper only project with an increased throughput and extended mine life can be funded by Havilah without raising additional capital.

The Mutooroo copper-cobalt district lies to the west of Broken Hill.

READ: Havilah Resources confirms new discovery in the Grants Iron Ore Basin

Earlier this week Havilah confirmed a major new iron ore deposit in the nearby Grants Iron Ore Basin.

A recent 13-hole, 3,510-metre reverse circulation drilling program intersected consistently thick iron formation in multiple drill holes over an area of at least 3.5 square kilometres in the western part of the basin.

Handheld XRF results indicate consistent average grades ranging from 21% to 24% iron.

These readings were collected by taking measurements through the heavy-duty plastic bags that hold the bulk samples for each metre.

The drilling is part of a comprehensive program of work being performed and funded by SIMEC Mining, an affiliate of the GFG Alliance, as part of tdue diligence investigation of the commercialisation potential of Havilah’s Maldorky and Grants iron ore projects.

READ: Havilah Resources’ North Portia divestment permitting process extended

Havilah technical director Chris Giles said: “The drilling program has confirmed the original exploration concept for the existence of a thick, relatively shallow, iron formation in the Grants Iron Ore Basin.

“We are grateful to SIMEC Mining for having the vision to fund the exploration drilling that has resulted in this major new iron ore discovery for South Australia.

“The beauty is that the deposit starts near-surface, lies only 11 kilometres from the Transcontinental Railway line and is just over a one-hour drive from Broken Hill, which makes it uniquely favourable for development.

“At this stage, we can only guess at the potential size of the deposit but based on the thickness of the iron formation and its areal extent, it is apparent that there exists significant resource potential.”

Quick facts: Havilah Resources Ltd

Price: 0.21 AUD

Market: ASX
Market Cap: $64.32 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Havilah Resources Ltd named herein, including the promotion by the Company of Havilah Resources Ltd in any Content on the Site, the Company...


Havilah Resources' Chris Giles details plans for $2 million share purchase plan

Havilah Resources Ltd's (ASX:HAV) Chris Giles caught up with Proactive's Andrew Scott following the news they're launching a share purchase plan (SPP) following the oversubscribed $2.55 million placement to institutional and sophisticated investors. The SPP aims to raise $2 million from eligible...

on 23/11/20

4 min read