Havilah Resources Limited · ASX:HAV
Havilah Resources — Shareholder Meeting (November 2016)
35 slides from Havilah Resources's shareholder meeting presentation, Nov 30, 2016
Slide 1: AGM Managing Director Presentation
Havilah Resources Limited plans to sequentially develop its portfolio of gold, copper, iron, cobalt, tin and other mineral resources in South Australia. Our vision is to become a new mining force, delivering value to our shareholders, partners and the community. 171 million Ordinary Shares -- 33 mil
Slide 2: Annual General Meeting 2016
For personal use only Cash flow from gold production Exceptional exploration upside Future project developments Annual General Meeting 2016 Dr Chris Giles, Managing Director
Slide 3: Cautionary Statement
2 For personal use only Cautionary Statement The information contained in this presentation is not financial product advice. The presentation is for information purposes and is of a general and summary nature only. Neither Havilah Resources Limited (Havilah) nor any member of the Havilah Group of co
Slide 4: 2016 Significant Achievements
3 2016 Significant Achievements Portia Gold Mine has overcome many challenges to commence production ahead of plan For personal use only Progress from mining first gold ore (early March) to completion of construction of gold processing plant (April) to pouring of first gold (May) was all success
Slide 5: Scorecard for Stated 2016 Objectives
4 For personal use only Scorecard for Stated 2016 Objectives Portia Gold Mine – Commence gold production mid-2016 Commenced gold production in May, two months ahead of schedule North Portia Copper-Gold open pit on oxidised ore – Complete fast track FS Completed two rounds of resource in-fill dri
Slide 6: Achievements: Portia Processing Plant Construction
Achievements: Portia Processing Plant Construction February 2016 For personal use only
Slide 7: Gravity Gold Processing Plant Today
6 Gravity Gold Processing Plant Today Recovery of free gold For personal use only Gold plant is High grade ore stockpile operating 24 hours per day and recovering gold Gold room according to design. Knelson concentrator
Slide 8: Achievements: Mining First High Grade Ore
For personal use only Achievements: Mining First High Grade Ore April 2016
Slide 9: Achievements: Havilah's First Gold Pour
8 Achievements: Havilah’s First Gold Pour May 2016 For personal use only
Slide 10: Challenges: Pitwall Slips
9 Challenges: Pitwall Slips Geotechnical studies to develop a stable design For personal use only
Slide 11: Open Pit Today
For personal use only 10 Open Pit Today
Slide 12: Challenges: Water Inflows
11 For personal use only Challenges: Water Inflows In pit sumps and pumps – very effective dewatering
Slide 13: Challenges: Abnormally Prolonged Heavy Rainfall
12 For personal use only Challenges: Abnormally Prolonged Heavy Rainfall From May to October
Slide 14: Success: Team Work And Co-operation
13 Success: Team Work And Co-operation Together we managed to resolve all of the challenges we faced For personal use only Acknowledgement to Darrin Manuel, Barrier Daily Truth for the photograph
Slide 15: Portia Gold Mine Production Summary
14 For personal use only Portia Gold Mine Production Summary Units Quarter ending Quarter ending 31 Jul 2016 31 Oct 20162 Overburden mined BCM 1,089,000 1,392,000 Ore mined t 164,0001 127,000 Total tonnes processed (wet) t 32,0001 73,000 Grade processed g/t 2.4 3.4 Gold produced oz 4,9621 8,138 Gold
Slide 16: Havilah's Share of Portia Gold Mine Production
15 For personal use only Havilah’s Share of Portia Gold Mine Production Units Quarter ending Quarter ending 31 Jul 2016 31 Oct 20162 Gold produced oz 2,5161 4,069 Gold sold oz 1,6981 4,567 Achieved gold price A$/oz 1,618 1,618 C1 Cash Cost A$/oz 3741 402 All-in Sustaining Cost A$/oz 5851 523 All-in
Slide 17: Portia - High Grade Gold 75m Below Surface
16 Portia - High Grade Gold 75m Below Surface Previous drilling defined a JORC resource in base of Tertiary clays For personal use only and returned high grade bedrock intersections. Next mining objective: Drilling in progress is defining mineable resources in the bedrock beneath the pit floor and a
Slide 18: First Bedrock Gold Ore Exposed
17 First Bedrock Gold Ore Exposed Light grey clay For personal use only Light grey clay – high unconformable grade gold ore 2m contact on weathered thick, commonly 5-30 dipping graphitic g/t Au. pelite (bedrock). Gold mineralisation in weathered bedrock to be explored by drilling from pit floor. Lar
Slide 19: Current Open Pit Design
18 For personal use only Current Open Pit Design Open pit is optimised to capture the maximum ounces of gold (80%) in the base of Tertiary resource – approx. 53,000 ounces. South wall cut back will access additional ore. Additional gold intersected in previous drilling but not included in the
Slide 20: Focus on Expanding Portia – Plenty of Options
19 Focus on Expanding Portia – Plenty of Options Portia can potentially be expanded to north, south and depth For personal use only South North 1.7 km Portia Southern Extension Portia Resource Portia Northern Portia North Extension Portia North conceptual open pit Portia open pit Portia bedrock gold
Slide 21: Decision To Proceed With Southern Cutback
20 Decision To Proceed With Southern Cutback Will extend Portia mine life by another 12 months For personal use only
Slide 22: Near Portia Exploration
21 Near Portia Exploration Benagerie Dome For personal use only Benagerie Dome Portia Prospects refers to the large dome-like structure PACE Drilling Program defined by the aeromagnetics as shown in this image, and interpreted to Spoilt for choice – multiple repetitions be a complexly of Portia ge
Slide 23: Shylock Prospect
22 For personal use only Shylock Prospect Another partially tested very promising gold prospect on the Benagerie dome. Historically one of the highest grade and widest gold drilling intersections in South Australia 23m @ 79.25 g/t Follow-up drilling is planned this year
Slide 24: Other Near Portia Exploration Targets
23 For personal use only Other Near Portia Exploration Targets Croziers copper skarn target – 1km untested strike length either side of an earlier ore grade Cu intercept. Very shallow cover here- only metres thick. Benagerie Dome IOCG target – coincident gravity/magnetic anomaly plus Cu, Au and Mo g
Slide 25: Havilah's Larger Projects Require Large Capex = Large Partner
24 For personal use only Havilah’s Larger Projects Require Large Capex = Large Partner Portia Gold Mine Kalkaroo one of the largest undeveloped copper-gold deposits in Australia est. $350m capex Mutooroo sulphide feed for a large roaster that will produce sulphuric acid. est. $350m capex
Slide 26: Unlocking Maximum Value In Havilah's Projects
25 Unlocking Maximum Value In Havilah’s Projects Kalkaroo central processing facility Mutooroo For personal use only Kalkaroo 192,000 t Cu North Portia 622,000 t Cu 17,500,000 kg 101,000 t Cu Co 235,000 oz Au 2,000,000 oz Mutooroo sulphide ore roaster Au 400,000 tpa pyrite - pyrrhotite concentrate w
Slide 27: Copper Price Has Made A Sudden Reversal
26 For personal use only Copper Price Has Made A Sudden Reversal Electric vehicles and renewable energy are copper intensive. EV uses 80kg Cu vs CV 20kg and EVs alone could boost copper consumption by 50%. Havilah has 900,000 tonnes of copper metal resources and is well positioned to benefit.
Slide 28: Cobalt Is Beginning To Stir From Its Slumber
27 For personal use only Cobalt Is Beginning To Stir From Its Slumber Cobalt’s chief usage will be in lithium batteries. >50% world’s supplies come from DRC. With a pyrite roasting facility Havilah could become a major producer of cobalt and sulphuric acid in Australia from a >20 year sustainable bu
Slide 29: Tin Has Already Woken Up
28 For personal use only Tin Has Already Woken Up Tin’s major growing use is for solder in electrical circuits. Much comes from small producers in SE Asia. Havilah has a significant tin resource at Prospect Hill that will be drilled early next year. Aim is to boost resources to an economic size.
Slide 30: Market Is Treating Havilah As A Gold Stock
29 For personal use only Market Is Treating Havilah As A Gold Stock HAV share price HAV share price vs gold index vs all resources index No credit given for other metals – requires advancement of a non-gold project
Slide 31: Outlook For 2017
30 For personal use only Outlook For 2017 General turn around in most resources during course of 2017. Gold will remain a good high margin business, supported by a lower A$. Copper is a solid longer term story as consumerism (including electric cars) grows in developing economies and demand pi
Slide 32: 2017 Strategic Objectives
31 For personal use only 2017 Strategic Objectives Continued steady cash flow from Portia gold mine that can fund exploration …… Portia is a comparatively low risk, high margin operation Expand Portia gold resource base so that it has at least several years mine life ……promising high grade drill
Slide 33: What Do We Own As Havilah Shareholders?
32 For personal use only What Do We Own As Havilah Shareholders ? Cash flow from gold sales and appreciable upside A stake in an operating gold mine with positive cash flow in mining friendly South Australia at a time of high $A gold prices, with good prospects for expansion. A share of 900,000
Slide 34: Contact Details: Havilah Resources Limited
33 For personal use only Cash flow from gold production Exceptional exploration upside New project developments Contact Details : Havilah Resources Limited 31 Flemington Street, Glenside, South Australia 5065
Slide 35: Copper-Gold Resource Metal Inventory
34 Copper-Gold Resource Metal Inventory Copper: 915,500 tonnes (Kalkaroo + Mutooroo + North Portia) For personal use only Gold: 2,400,000 ozs (Kalkaroo + Mutooroo + Portia + North Portia) Cobalt: 17.5 M Kg (Mutooroo) Copper (%) Gold Molyb- Cobalt Contained Contained Contained Contained Molybdenum:Re
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