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Havilah Resources Ltd.
Summary
| Project: | Kalkaroo | |
|---|---|---|
| Deposit: | Kalkaroo | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-1-2018: Havilah Resources Ltd. announces a Resource Estimation report for its Kalkaroo deposit at the Kalkaroo project. Updated Mineral resource Estimate at Kalkaroo. Havilah Resources Limited (Havilah) is pleased to report that the Kalkaroo pre-feasib | |
| Resources: | (Resource, Total): 223.8Mt @ 0.49% Cu, 0.36g/t Au for 1.768Mt CuEq at project | |
| CP/QP: | [Resources]: Robert Dennis (Runge Asia Ltd.) | |
| ABSTRACT: | Havilah Resources Limited (Havilah) is pleased to report that the Kalkaroo pre-feasibility study (PFS) has been delivered in draft form by Runge Asia Ltd, a subsidiary of RPM Global (RPM) to Wanbao Mining Limited (Wanbao), with a copy provided to Havilah. Presently the document is the subject of review and discussion prior to finalisation. An important conclusion by RPM’s Competent Person is that: “The Mineral Resource estimate has been reported by Havilah in line with the recommendations of the JORC 2012 guidelines and meets the 2012 JORC Code*. RPM has been able to independently report (in the PFS) the global resources for both copper and gold as provided in the September 2017 Havilah resource report, within acceptable re-reporting differences. The Resource set out in the table below (Table 1) has been re-classified according to RPM recommendations and honours the underlying mineralisation continuity. The Resource estimate was reported as per the Havilah published copper equivalence formula at a 0.4% Copper equivalent cut-off and is based on the results of the draft PFS.” It is noted that the total Measured plus Indicated Resource copper equivalent metal tonnage estimate by RPM differs by less than 2.3% as compared with Havilah’s estimate*, while the total resource shows a less than 3.7% difference, which is within the limits of variation of the respective estimation software systems used. Notably, RPM have effectively upgraded a proportion of the resource by re-classifying 11.1 million tonnes of Havilah’s Indicated Resource into the Measured category. RPM statesthat it has “confirmed the revised classification scheme by inspection in plans and sections and the classification scheme appears to be reasonable on geologic continuity grounds.” | |
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