Havilah Resources Limited · ASX:HAV
Havilah Resources — Shareholder Meeting (December 2013)
44 slides from Havilah Resources's shareholder meeting presentation, Dec 19, 2013
Slide 1: AGM Technical Presentation ASX Media Release
31 Flemington Street Glenside 5065 South Australia phone 61 8 8338 9292 fax 61 8 8338 9293 email info@havilah-resources.com.au HAVILAH RESOURCES NL ABN 39 077 435 520 For personal use only ASX / Media Release 19 December 2013 AGM Technical Presentation Havilah Resources is pleased to attach a techni
Slide 2: Permitting, permitting, permitting
For personal use only Permitting, permitting, permitting AGM 2013 Technical Presentation Dr Chris Giles Managing Director
Slide 3: Disclaimer
For personal use only Disclaimer • 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. Havilah Resources NL (Havilah) nor any member of the Havilah Group of companies, gives no warra
Slide 4: Progress during 2013
For personal use only Progress during 2013 Our chief focus has been on obtaining permits to commence mining. No Permits = No mine. The value of our projects will be greatly enhanced when they are permitted and able to be developed. It is a rigorous and lengthy process that cannot be short cu
Slide 5: Portia Gold Project
For personal use only Portia Gold Project Worked all year, mainly on dewatering, tailings dam and water injection to satisfy EPA requirements. Submitted final PEPR document in October, currently being assessed and no reason we can see for not approving promptly. Timing of approval and size of
Slide 6: Project location
Project location 8,000km2 ground holding For personal use only
Slide 7: Purchased White Dam Mining Camp
For personal use only Purchased White Dam Mining Camp
Slide 8: Portia open pit mine plan
For personal use only Portia open pit mine plan Patchy high grade gold 67,000 oz JORC resource mineralisation in bedrock at base of Tertiary clay 26 metres of 15.4 g/t Au Weathered bedrock 13 metres of 33.5 g/t Bedrock
Slide 9: Portia processing plant key components
For personal use only Portia processing plant key components Twin 50 tph In-line Jigs with Spinners for heavy mineral and gold separation 120 tph Trommel for washing ore
Slide 10: Portia Layout
For personal use only Portia Layout
Slide 11: Kalkaroo Copper-Gold Project
For personal use only Kalkaroo Copper-Gold Project Worked all year on compiling all information for mining lease proposal. A person dedicated to the task, with assistance from various consultants. At year end compilation work is almost complete. Considerable work on tailings dam design, site
Slide 12: Evaluating smaller scale start up
For personal use only Evaluating smaller scale start up Start on highest grade and shallowest ore at Western end of deposit. Lower startup capex may be possible to raise. Allows for progressive construction of processing plant and build up of production from 1Mtpa in Year 1 to 4.5Mtpa in Year 5. Slo
Slide 13: Staged conceptual starter open pit design
Staged conceptual starter open pit design Pit Waste (t) Ore (t) Cu (%) Au (g/t) Strip ratio Pit Inventory 1 9,948,430 1,073,950 0.30 0.85 9.3 For personal use only 2 6,810,474 2,047,270 0.41 0.71 3.3 3 7,536,713 2,525,540 0.35 0.72 3.0 4 7,023,310 5,277,842 0.45 0.54 1.3 31,318,92 10,924,60 TOTAL 7
Slide 14: Final Open Pit Outline
Final Open Pit Outline Mining – Year 4- 5 For personal use only Stage 4 Cutback and Ultimate Pit shape – Targets all ore types (Saprolite Gold and Native Copper, Chalcocite and Chalcopyrite) Mining to a depth of 160m
Slide 15: Shallow gold mineralisation
For personal use only Shallow gold mineralisation Drilling is expanding the shallow gold mineralisation envelope in Tertiary clays above the main Kalkaroo copper-gold resource in the underlying bedrock
Slide 16: Key to low capex startup at Kalkaroo
For personal use only Key to low capex startup at Kalkaroo Cyanide leach tests indicate >80% gold recovery within 8 hours. No grinding of clays required. Access to shallow, easily recovered gold mineralisation could bring forward project revenue. This lowers both required start-up capex and pr
Slide 17: Site layout at Kalkaroo
SITE LAYOUT AT KALKAROO For personal use only
Slide 18: Kalkaroo open pit location in foreground
Kalkaroo open pit location in foreground For personal use only
Slide 19: Maldorky Iron Ore Project
For personal use only Maldorky Iron Ore Project Emerging Braemar iron ore province Havilah’s three iron ore projects Infrastructure development opportunities on railway Grants Iron Ore and port facilities 304 Mt resource Maldorky Iron Ore 147 Mt resource Lilydale Iron Ore >500Mt target Maldorky Proj
Slide 20: Basic project assumptions
Basic project assumptions • Modest start up capex – using existing rail & port infrastructure. For personal use only • Infrastructure constrains production – max realistic 2Mtpa in Year 3. • MLP covers a 5 year mine plan – 24Mt iron ore @ 30% & 2Mt waste. • Workforce drawn from Broken Hill by daily
Slide 21: Maldorky iron ore project
Maldorky iron ore project 147Mt @ 30.1% Fe Indicated Resource For personal use only (applying an 18% Fe cutoff) Flat lying rectangular slab of iron ore up to 120m thick lying 0-5m below surface Simple three stage open pit design captures 139Mt of the 147Mt resource Favourable mining economic
Slide 22: Flat lying slab of iron ore up to 120m thick
For personal use only Flat lying slab of iron ore up to 120m thick Simple open pit mining geometry Minimal overburden and internal waste
Slide 23: 65.2% Fe Concentrate by Gravity Method
For personal use only 65.2% Fe Concentrate by Gravity Method
Slide 24: Maldorky Key Attributes vs Braemar Peers
For personal use only Maldorky Key Attributes vs Braemar Peers • Highest grade @ 30.1% Fe (cf. 15.5 to ~25% Fe) • Lowest overburden @ 0-5 m (cf. up to 100m) • Softest ore eg. BBWi 4.8 kWh/t (cf. 7 kWh/t) • Lowest stripping ratio @ 0.16 (cf. ~0.4) • Simplest deposit – horizontal slab cf. vertical bed
Slide 25: Maldorky local infrastructure
For personal use only Maldorky local infrastructure
Slide 26: Proposed Cutana rail loading facility
For personal use only Proposed Cutana rail loading facility 26 km from mine site
Slide 27: Adelaide Outer Harbour and Rail Transport to Wallaroo
Stage 1 : Adelaide Outer Harbour Stage 2 : Rail Transport to Wallaroo For personal use only
Slide 28: Shipment via a new port
Stage 2 – Shipment via a new port Rail or slurry to coast south of Wallaroo utilizing existing rail easement For personal use only Stage 2 Rail or slurry iron ore using 52 km of rail easement from Snowtown to Kadina and then 11 km to new port. An associated company has already acquired land for new
Slide 29: End of the line at Snowtown
For personal use only End of the line at Snowtown
Slide 30: Rail Transport to Wallaroo
Stage 2 : Rail Transport to Wallaroo Refurbish 52 kms of track from Snowtown to Kadina +11 km of new line to port For personal use only
Slide 31: Port Havilah – Deep water in Spencer Gulf near shore
For personal use only Port Havilah – Deep water in Spencer Gulf near shore 30
Slide 32: Port Havilah Site
Port Havilah Site Panamax ship at anchor in distance For personal use only
Slide 33: Grants Iron Ore Schematic
Grants Iron Ore Schematic Soe EL 3895 (100% Havilah) ¥ , S : FL4200 ) tt SA (Havilah earning é “ies Bs “ae oi ; = EXCO/FOIVMETals a —_ ; = Z ©) jf A —), = Structuralfloor of = Braemar Iron < Re. ae _Z. Formation on older ; ~ ti. “” “shasement rocks Grants iron ofe deposit, containing an Inferred res
Slide 34: Grants Iron Ore — Extremely Low Capex setting
rants Iron Ore — Extremely Low Capex setting Trans Continental Railway — 8 km away
Slide 35: Gross Revenue View for Sth Aust
For personal use only Gross Revenue View for Sth Aust Iron Ore Exports (Using $120 per tonne for >60% Fe iron ore) Export Rate Mining Rate Gross Revenue in South Australia p.a 5 mt 14 mt $ 600 m 10 mt 28 mt $ 1,200 m 15 mt 42 mt $ 1,800 m 30 mt 84 mt $ 3,600 m 50 mt 140 mt $ 6,000 m Copper Exports (
Slide 36: Project Financing
For personal use only Project Financing Project funding will be challenging due to unfavourable market conditions and tough lending market. Actively seeking partners to invest in individual projects rather than as equity in Company, in order to minimise dilution and reduce risk exposure. Diffi
Slide 37: MMG Exploration – new copper discovery
For personal use only MMG Exploration – new copper discovery Croziers Dam Skarn
Slide 38: Croziers Dam discovery – between Portia and Kalkaroo
Croziers Dam discovery – between Portia and Kalkaroo . For personal use only MMG (Minmetals) JV - $12m over 5 years exploring for large copper deposits Croziers Dam Copper Discovery 8,000 km2 tenements Ten prospective domes 100% owned by HAV
Slide 39: MMG Exploration Promise
For personal use only MMG Exploration Promise Skarn rocks in drillcore from Croziers Dam prospect, with abundant sulphide minerals including chalcopyrite (copper mineral), magnetite (grey), pyrrhotite (bronze) and other dark greenish calc-silicate minerals. Red hematite alteration and brecciation (o
Slide 40: Strategic objectives for 2014
Strategic objectives for 2014 A continuation of the 2013 strategic objectives For personal use only Commence Portia open pit gold mine – subject to DMITRE permitting approvals, financing, contractors, manning, economics. Advance Kalkaroo to mining stage - mining lease proposal, PEPR, native titl
Slide 41: A central processing facility at Kalkaroo?
A central processing facility at Kalkaroo? 8,000km2 ground holding For personal use only Currently evaluating the economics of a central ore processing facility at Kalkaroo to avoid duplication of plant and to streamline permitting
Slide 42: Prospect Hill tin project – a possible sleeper
For personal use only Prospect Hill tin project – a possible sleeper Earlier JORC 2004 Inferred Resource estimate of 172,000t @ Alluvial Tin 1.15% Sn Targets Exploration planned to explore for both lode and alluvial tin as well as rare earth elements in associated minerals (eg xenotime, apatite, mon
Slide 43: Copper-gold resource metal inventory
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) Molybdenum : 8.45 M Kg (Kalkaroo + North Portia) Copper Gold Molyb- Cobalt Contained C
Slide 44: Iron ore resource inventory
For personal use only Iron ore resource inventory Maldorky : 147,000,000 tonnes of 30.1% Fe Grants : 304,000,000 tonnes of 24% Fe Total : 159,000,000 tonnes of premium grade iron ore product Project* Resource Category Tonnes (Mt) Iron Iron Est Yield (%) tonnes Maldorky1 Indicated 147,000,000 30.1% 5
Havilah Resources — Shareholder Meeting (December 2013) on 6ix