Cobalt Blue and Havilah Resources today signed a Memorandum of Understanding . MOU KEY POINTS: - COB will carry out due diligence on the Mutooroo coppercobalt deposit by 30 April 2018. - HAV will provide COB a representative 10kg Mutooroo sulphide ore sample. COB will perform laboratory test-work using its proprietary technology including crushing, grinding, flotation, calcining and leaching. Full results to be provided [...]
During the quarter, Havilah Resources launched its Copper Growth Strategy which will see a shift in focus to the progression of its three advanced copper projects, namely Kalkaroo, Mutooroo, and North Portia. Highlights - Copper Growth Strategy launched to develop advanced stage copper-gold projects and focus on new mineral discoveries in the Curnamona Copper Belt. - Portia high grade drilling results, including 10m at [...]
Havilah Resources is pleased to advise that it has placed $1.4 million of the shortfall shares pursuant to the 1:7 renounceable Rights Issue announced to the ASX on 5 October 2017 and which closed on 31 October 2017. Together with the $1.5 million raised in the Rights Issue, this means that Havilah has now raised ~54% of the $5.4 million originally sought. HIGHLIGHTS - $1.4 million of shortfall shares placed. - Raised [...]
Havilah Resources has recently completed a further round of drilling at the North Portia Copper-Gold deposit , comprising 23 aircore holes for a total 2,662 metres. HIGHLIGHTS - Infill resource drilling at North Portia continues to confirm economic copper grades. - New drilling results will be incorporated into an updated resource model. - Resource model to guide mining design for PFS. Better results include: Hole [...]
Havilah Resources is pleased to advise that it has signed a binding Memorandum of Understanding with Consolidated Mining and Civil Pty Ltd , its mining partner at the Portia Gold Mine with respect to the North Portia Copper-Gold deposit . This MOU will give CMC an exclusive option to develop the North Portia mine, which lies 500 metres north of Portia on the same mining lease. North Portia is one of the key assets [...]
Havilah Resources advises that Dr Chris Giles and the Board of Directors have agreed that, effective today, Dr Giles will step down from the role of Managing Director. Dr Giles will remain on the Havilah Board of Directors as Executive Director- Technical. This will enable Dr Giles to focus on and assist with advancing the execution of Havilah's Copper Growth Strategy as set out in the Company's recent Rights Issue [...]
Havilah Resources is pleased to advise that it has reached agreement with Consolidated Mining and Civil Pty Ltd , its mining partner at the Portia Gold Mine , to restructure and amend the Portia mining and processing agreement. The new arrangements will significantly release capacity across Havilah's management and technical teams and other resources to enable greater focus on execution of Havilah's Copper Growth [...]
Havilah Resources wishes to advise that it has received valid applications from eligible shareholders for a total subscription amount of $1.5 million pursuant to the 1:7 renounceable Rights Issue announced to the ASX on 5 October 2017 and which closed on 31 October 2017. The final amount is subject to cheques clearing and a further announcement would be made if the amount changes. The Company has received valid [...]
Havilah Resources provides the Company's Annual Report to shareholders. Key Achievements Timeline 2017 - First Portia Gold Pour First Gold Sales - First 10,000 ounces of Gold produced from Portia - Investec loan paid off - Debt Free Portia Project - Havilah receives PACE grant to fund exploration drilling - 20,000 ounces of gold produced from Portia - Kalkaroo Resource Upgrade - Copper up >80% to 1.14 Mt, Gold up [...]
Havilah Resources advises that recent University of Adelaide research has identified a significant new magnetotelluric geophysical feature within Havilah's tenements about 30 km north of Portia. Recent magnetotelluric geophysical results have identified signatures associated with IOCG mineralisation within Havilah's tenements. Details MT relies on measuring the very small natural time variations of the Earth's magnetic [...]
Havilah Resources announces high grade drilling results at Portia. Highlights - High grade drilling results confirm and extend Portia pit floor gold mineralisation. - Includes 10 m @ 8.62 g/t in PTAC 492, partially confirmed by washing results. Drilling Results Portia Gold Mine Area All gold assay results have now been received for an intensive drilling program completed in September in and around the Portia Gold [...]
Adelaide, Australia (ABN Newswire) - Havilah Resources Ltd. (ASX:HAV) (Havilah) reports the Portia gold mine production numbers for the month of September. Highlights - Gold sales in September 60% higher than the previous month at 1,141 ounces. - Gold sales in the first two months of this quarter have already exceeded gold sales for the previous quarter. Gold Production Key points from the production figures [...]
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