For thousands of other reports visit RSC's Mineral Intellingence Map
Havilah Resources Ltd.
Summary
| Project: | Kalkaroo | |
|---|---|---|
| Deposit: | Kalkaroo | |
| Location: | Australia | |
| Commodities: | Cobalt-Copper-Gold | |
| Date: | 6/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 18-6-2018: Havilah Resources Ltd. announces a Resource Estimation report for its Kalkaroo deposit at the Kalkaroo project. Initial ore reserve estimate for Kalkaroo. Havilah Resources Limited (Havilah) is pleased to release a maiden Ore Reserve for Kalkar | |
| Resources: | (Reserve, P+P): 100.1Mt @ 0.47% Cu, 0.44g/t Au, 474Kt Cu, 1407Koz Au | |
| CP/QP: | [Overall Report]: Igor Bojanic (RungePincockMinarco Ltd.) | |
| ABSTRACT: | Havilah Resources Limited (Havilah) is pleased to release a maiden Ore Reserve for Kalkaroo of 474,000 tonnes of contained copper and 1.41 million ounces of gold for the Kalkaroo copper-cobalt-gold project in the northeast of South Australia (Figure1). This Ore Reserve was independently estimated by mining consultants, RPMGlobal Asia Ltd (RPMGlobal), as part of the Kalkaroo preliminary pre-feasibility (PFS) study report prepared for Wanbao Mining Limited. Release of the Kalkaroo ore reserve is an important milestone for Havilah, as it establishes the Kalkaroo project as the largest undeveloped open pit copper-gold deposit in Australia on a copper-equivalent Ore Reserve basis (Figure 2). Kalkaroo is larger than any other Australian based undeveloped open pit copper deposit and is second in size only to the Productora deposit in Chile amongst its ASX listed copper peers. Kalkaroo’s copper-equivalent grade of 0.74%, which is enhanced by a material gold credit, exceeds that of its comparable size Australian based peers (Figure 3). The gold serves as a natural hedge, with copper and gold prices often being in opposite metal price cycles, which potentially lowers the inherent risk of the project. Kalkaroo is unique amongst its Australian copper peers in containing a 23,200 tonne cobalt resource (in an Inferred Resource of 193 million tonnes at 0.012% - refer ASX announcement of 7 March 2018). This also makes Kalkaroo the largest sulphide cobalt deposit underpinned by copper in Australia on a mineral resource basis, as highlighted in Havilah’s recent Copper Strategy - Enhanced by Cobalt presentation. Commenting on the Kalkaroo Ore Reserve, CEO, Mr Walter Richards said: “Kalkaroo’s Ore Reserve clearly indicates the significant value of this copper-cobalt-gold project. “The large Ore Reserve estimate highlights Kalkaroo as a standout amongst the very few open pit copper development opportunities presently available in Australia. “Kalkaroo is a robust copper-cobalt-gold project, with a value multiple many times higher than Havilah’s current market capitalisation. “The additional PFS work being undertaken by Havilah is focused on the potential value adding opportunities related to the inclusion of cobalt and improving some of the metal recoveries,” he said. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report