Slide 1: 2024 Half-Year Technical Update Presentation
ASX MEDIA RELEASE 24 April 2024 2024 HALF-YEAR TECHNICAL UPDATE PRESENTATION Havilah Resources Limited (Havilah or Company) is pleased to release the 2024 Half-Year Technical Update presentation that has been prepared by Havilah's technical staff. The presentation provides a convenient summary of Ha
Slide 2: Half-Year Technical Update: Highly Leveraged to Copper and Gold
HALF-YEAR TECHNICAL UPDATE 1.3 M Tonnes Copper & 3.2 M Ounces Gold in Two Advanced Stage Projects Highly Leveraged to Copper and Gold
Slide 3: Corporate Snapshot
Corporate Snapshot 1 Largest Shareholders¹ Share Price¹ Shares Issued¹ Market Cap¹ Cash² Options¹ BNP Paribas Noms Pty Ltd 44,745,491 14.12% 316.6 A$60 A$3.5 14.7 Trindal Pty Ltd 42,033,909 13.28% A$0.19 Million Million Million Million IQEQ (Jersey) Limited 18,014,442 5.69% Maptek Pty Ltd (and assoc
Slide 4: Directors and Management
Manageme Directors and Management 2 Board of Directors Management Team Simon Gray Richard Buckley B.Ec.(Com) B.Eng (Minning) Exective Director, Chairman, CFO A Chartered Accountant with over 35 years' in the financial luding 20 years Director and Company Secretary A qualified mining engineer, with o
Slide 5: Havilah Resources – solid copper and gold credentials
Havilah Resources – solid copper and gold credentials 3 • Highly leveraged to copper and gold via the advanced Kalkaroo and Mutooroo projects that contain a combined 1.3 million tonnes of copper and 3.2 million ounces of gold in JORC resources. • Excellent resource expansion potential at existing de
Slide 6: Two sizeable copper deposits in NE South Australia
Two sizeable copper deposits in NE South Australia 4 KALKAROO MUTOOROO Copper-Gold-Cobalt Project Copper-Cobalt-Gold Project JORC Mineral Resources JORC Mineral Resources Copper 1.1 Mt Gold 3.1 Moz Cobalt 23.2 Kt Copper 195.0 Kt Cobalt 20.2 Kt Gold 82.1 Koz • One of the largest undeveloped open pit
Slide 7: Kalkaroo resource upside: Orebody is not closed off by current drilling
Kalkaroo resource upside: 5 Orebody is not closed off by current drilling • Space to substantially expand the size of the Kalkaroo orebody within ML boundary the ML area at the eastern and western ends of the deposit and Economic grade hangingwall down dip. mineralisation not followed up Orebody ope
Slide 8: Multiple copper prospects within potential trucking distance of Kalkaroo
Multiple copper prospects within potential trucking 6 distance of Kalkaroo Deep Well prospect (ASX announcement 9 May 2023) • 19 metres of 0.42% Cu and 206 ppm Co in faulted anticlinal closure. • > 4 km untested strike of prospective horizon (K2 unit) and fault zone. Johnson Dam prospect (ASX announ
Slide 9: Mutooroo orebody resource expansion potential
Mutooroo orebody resource expansion potential 7 • Airborne electromagnetic (AEM) data clearly identifies the known Mutooroo massive sulphide orebody (12.5Mt of 1.53% copper, 0.16% cobalt and 0.20 g/t gold – refer to ASX announcement 15 September 2023). • An AEM peak 500 metres to the north likely in
Slide 10: Multiple copper prospects in proximity to Mutooroo
Multiple copper prospects in proximity to Mutooroo 8 • 1,900 km² of under-explored Broken Hill age rocks with mostly very shallow cover. Drill target generation guided by airborne electromagnetics, lag sampling and geological mapping and sampling. • Mutooroo West – massive sulphide lode similar to M
Slide 11: Objectives and action plan for 2024
Bank Objectives and action plan for 2024 9 • Seek to monetise the Kalkaroo project via a divestment process which is presently being managed by Deutsche Bank. • Seek a partner to assist with Mutooroo PFS funding and project development. • Seek to monetise certain non-core uranium assets via sales, o
Slide 12: JORC Ore Reserve and Mineral Resources 2023
JORC Ore Reserve and Mineral Resources 2023 10 JORC Mineral Resources as at 31 July 2023 JORC Ore Reserves as at 31 July 2023 Classificati Tonnes Copper Gold Copper tonnes Gold ounces Project on (Mt) % g/t (Kt) (Koz) Proved 90.2 0.48 0.44 430 1,282 Kalkaroo¹ Probable 9.9 0.45 0.39 44 125 Total 100.1
Slide 13: Cautionary and Competent Person’s Statements
Cautionary and Competent Person’s Statements 11 Cautionary Statement The information contained in this presentation is not financial product advice and does not constitute an offer. The presentation is for information purposes and is of a general and summary nature only. Neither Havilah Resources Li
Slide 14: Contact Information
12 CONTACT INFORMATION SUBSCRIBE TO OUR MAILING LIST KEEP UP WITH THE LATEST NEWS AND ANNOUNCEMENTS CORPORATE Havilah Resources Limited CLICK ABN: 39 077 435 520 ASX Code: HAV HERE FIND US ONLINE OFFICE www.havilah-resources.com.au PO BOX 3 youtube.com/havilahresources Fullarton, 5063 South Australi
Slide 15: Appendix 1 Kalkaroo Copper-Gold-Cobalt Project Additional information
Appendix 1 Kalkaroo Copper-Gold-Cobalt Project 13 Additional information BHP Kalkaroo Study Program 2023 - Summary 31 diamond drillholes completed on Kalkaroo ML 6498 consisting of metallurgical sample holes, twinned holes to compare previous drilling for bias and geotech holes. • Twinned holes demo
Slide 16: Improved Kalkaroo ore processing recoveries in BHP study
Improved Kalkaroo ore processing recoveries in BHP study 14 * The image at left shows the distribution and tonnages of the four Kalkaroo ore types as defined in the 2019 Havilah pre-feasibility study . BHP’s twinned diamond drillholes confirmed the overall validity of Havilah’s early drilling result
Slide 17: Increased conceptual mine life generated by updated open pit optimisation
Increased conceptual mine life generated by 15 updated open pit optimisation BHP Kalkaroo Study Program 2023 – Mining Phase Design Key Financial and Production Metrics Unit Live Processing capacity Mtpa 11.8 Mine Life Years 23 Mt 184 Mining inventory % 0.42%Cu and 0.36 g/t Au BHP’s updated open pit
Slide 18: Appendix 2 Kalkaroo Project Area Exploration of the Curnamona Copperbelt
Appendix 2 Kalkaroo Project Area 16 Exploration of the Curnamona Copperbelt Refer to slides 4 and 7 for locations of the various prospects described in the following slides Note: in the following project descriptions K2 refers to the extensive Kalkaroo mineralised unit or prospective horizon, K1 ref
Slide 19: Deep Well prospect – best copper results to date
Deep Well prospect – best copper results to date 17 • 7 Strategic Alliance drillholes intersected copper on the K2 western limb, including a best result of 19 metres of 0.42% Cu and 206 ppm Co from 163 metres (refer to ASX announcement 9 May 2023). • Considerable discovery upside: > 4 km strike of
Slide 20: Johnson Dam prospect – a new multi-metal discovery
Johnson Dam prospect – a new multi-metal discovery 18 Aeromagnetic image • Targeted a previously undrilled Cu Consistently mineralised pyrite-rich K2 anomalous gossan associated with a linear unit intersected in 3 drillholes on two magnetic feature. section lines • Interpreted to be a faulted tight
Slide 21: Homestead prospect - extension of West Kalkaroo
Homestead prospect - extension of West Kalkaroo 19 • Within sight of Kalkaroo and interpreted as a fault- displaced segment of the mineralised West Kalkaroo anticlinal closure structure. • 26 Strategic Alliance drillholes established the spatial relationships between K1, K2 and K3 units and best res
Slide 22: North Dome prospect
North Dome prospect 20 • Targeting a major east-west fault/breccia zone that transects the Kalkaroo North Dome. • Marked by a linear magnetic high reflecting magnetite alteration. • 16 Strategic Alliance drillholes mostly hit mineralised quartz veining and breccia where expected over a strike length
Slide 23: Birksgate prospect
3D oblique view of the Birksgate prospect area showing Havilah RC drillholes that targeted the crop of the skarn horizon on the eastern limb of an interpreted syncline. The underlying Birksgate prospect 21 aeromagnetic image shows the interpreted trace of the targeted mineralised skarn horizon where
Slide 24: Eurinilla Dome
Eurinilla Dome 22 Extensive area of primary and supergene enriched (SEZ) Eurinilla Dome copper mineralisation • The shallowly dipping (10-20ᵒ) primary mineralised unit is deeply weathered across the Eurinilla Dome. • Several generations of exploration with dozens of aircore, RC and diamond drillhole
Slide 25: Croziers prospect
Croziers prospect 23 • Well defined mineralised skarn with consistent copper A B including 20m of 0.54% Cu (refer to ASX announcement 18 April 2017). • Associated potentially economic grades of magnet REE and tungsten. • Established by drilling over 400 metres down dip. • Strong aeromagnetic feature
Slide 26: Appendix 3 Mutooroo Copper-Cobalt-Gold Project Additional information
Appendix 3 Mutooroo Copper-Cobalt-Gold Project 24 Additional information Mutooroo was discovered by the early prospectors in 1887 and during the main period of activity between 1887 and 1899 approximately 6,000 tonnes of high grade (>6%) secondary copper ore was produced. Mutooroo copper mine ca. 18
Slide 27: Mutooroo deposit geology
Mutooroo deposit geology 25 • Host rocks are high grade metamorphics comprising gneiss, granite gneiss (metamorphosed granite sill) and amphibolite (metamorphosed dolerite sill). • Sulphide mineralisation lies in a shear zone both within amphibolite and/or at the amphibolite-gneiss contact. Generali
Slide 28: Mutooroo drilling and cross section
Mutooroo drilling and cross section 26 • The current resource is defined by >200 Havilah RC drillholes of which 44 have diamond core tails (blue crosses on the drill plan on the right). • Broken Hill South completed 28 diamond drillholes in the period 1963-1971 of which 9 were used in Havilah’s reso
Slide 29: Potentially transitioning to an underground mine
Potentially transitioning to an underground mine 27 Scoping studies suggests the current Inferred Resource, that contains grades of >1.7% Cu and >0.17% Co, may be of high enough grade to support a conceptual underground mining Conceptual open pit to 130m depth operation for at least ten years. Acces
Slide 30: Recent resource expansion drilling at Mutooroo
Recent resource expansion drilling at Mutooroo 28 Potentially economic copper grades at shallow open pittable depths intersected in a hangingwall lode position. Refer to ASX announcement 8 February 2024 for details
Slide 31: Mutooroo massive sulphide copper-cobalt-gold ore
Mutooroo massive sulphide copper-cobalt-gold ore 29 Indicated relatively low treatment costs for the massive sulphide ore • Mineralogically simple coarse-grained massive sulphide ore that typically contains: 60% pyrrhotite (moderate cobalt), 5% chalcopyrite (high copper), 5% pyrite (high cobal
Slide 32: Appendix 4 Mutooroo Project Area
Appendix 4 Mutooroo Project Area 30 • Several promising prospects within potential trucking distance of Mutooroo. • Mutooroo West – Mutooroo style massive sulphide lode. Large EM conductor at depth not adequately tested. • Cockburn – Quartz-pyrite mineralised lode within a shear zone with appreciabl
Slide 33: West Mutooroo prospect
West Mutooroo prospect 31 • Gossan outcrop, old workings and shallow RC drilling by Havilah. • Massive sulphide lode similar to Mutooroo. • Airborne electromagnetic conductor lies at depth and slightly west of previous Havilah and Broken Hill South Gossan outcrop and old mine dump drilling. • Ground
Slide 34: Mingary Mine prospect
Mingary Mine prospect 32 Recent drilling has confirmed a significant copper- gold mineralised zone that was originally drilled by Minotaur. (refer to ASX announcement 5 July 2023) Outcrop of altered shear zone that hosts the Mingary mine copper-gold mineralisation. 33
Slide 35: Cockburn prospect
Cockburn prospect 33 • Drilling beneath the gossan intersected up to a 70 metre wide zone of fresh and oxidised sulphides with associated vein quartz with cobalt, gold and copper (refer to ASX announcement 17 October 2023). • Fresh sulphides are comprised predominantly of pyrite and minor chalcopyri