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Havilah Resources Ltd.
Summary
| Project: | Grants | |
|---|---|---|
| Deposit: | Grants | |
| Location: | Australia | |
| Commodities: | Iron | |
| Date: | 4/3/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-4-2019: Havilah Resources Ltd. announces a Resource Estimation report for its Grants deposit at the Grants project. Grants Basin Iron Ore Exploration Target. Havilah Resources Limited (Havilah) is pleased to report an initial Exploration Target* for iro | |
| Resources: | Exploration Target: 3.47-3.79Bt @ 23.9-27.6% Fe | |
| CP/QP: | [Overall Report]: Chris Giles (Internal) | |
| ABSTRACT: | Havilah Resources Limited (Havilah) is pleased to report an initial Exploration Target* for iron ore in the Grants Basin in northeastern South Australia. This is based on drilling funded by SIMEC Mining as part of their due diligence investigation of the commercialisation potential of Havilah’s Maldorky and Grants iron ore projects. SIMEC Mining and Havilah have recently agreed to extend their investigations until the end of April 2019 to enable SIMEC Mining to complete its due diligence and for the parties to continue negotiations on the terms of a deal structure and commercial arrangement. The Exploration Target* reported here supports the goal of SIMEC Mining and Havilah to further explore the potential of this major new iron ore discovery. The deposit is well located, being within 12 km of the Transcontinental Railway (to Port Pirie and Whyalla) and the sealed Barrier Highway. | |
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