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Havilah Resources Ltd.
Summary
| Project: | Kalkaroo | |
|---|---|---|
| Deposit: | Kalkaroo | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 6/18/2019 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-6-2019: Havilah Resources Ltd. announces a Pre-Feasibility Study report for its Kalkaroo deposit at the Kalkaroo project. PFS results incl. pre-tax NPV (7.5%) of $564M, IRR of 26%. Havilah Resources Limited (Havilah) is pleased to release details of th | |
| Resources: | (Reserve, P+P): 100.1Mt @ 0.47% Cu, 0.44g/t Au at project | |
| CP/QP: | [Resources]: Robert Dennis (RPM Global) | |
| ABSTRACT: | Havilah Resources Limited (Havilah) is pleased to release details of the Kalkaroo prefeasibility study (PFS) report by independent mining consultants, RPMGlobal Asia Limited (RPM), originally prepared for Wanbao Mining Limited. Havilah is releasing the PFS at this time in order to inform the market ahead of the release of the Notice of Meeting for the approval of the proposed transaction with SIMEC Mining, a member of the GFG Alliance (ASX release of 1 May 2019). In the meantime, Havilah continues to work with RPM on various opportunities identified in the PFS to potentially enhance the project. Havilah will release these results in an updated PFS during the fourth quarter of 2019, if the outcomes are sufficiently material. Land Access and Tenement Status Havilah owns the 550 km2 Kalkaroo Station pastoral property on which the Kalkaroo Project is located, and presently has the property de-stocked in order to carry out conservation activities that will continue for the duration of the mining operation. Copper concentrates from the Kalkaroo Project are planned to be transported via road train 50 km south to the Transcontinental railway line and then via rail to Port Pirie or elsewhere (Figure 1). | |
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