Havilah Resources Limited · ASX:HAV
Havilah Resources — Investor Presentation (August 2012)
35 slides from Havilah Resources's investor presentation, Aug 24, 2012
Slide 1: ASX Media Release: Havilah Investor Presentation
63 Conyngham 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 24 August 2012 Havilah Investor Presentation Havilah Resources is pleased to attach a presen
Slide 2: Havilah Resources: Successful Explorer becoming a Miner
For personal use only HAVILAH RESOURCES Successful EXPLORER becoming a MINER August 2012
Slide 3: Disclaimer
Disclaimer For personal use only • 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: Corporate Details
Corporate Details For personal use only Capital 108m shares 20m listed options 10.4m unlisted options Top 20 shareholders – 60% Market cap A$65 M 3 directors – all experienced mining professionals Exploration driven company – successful track record
Slide 5: Compelling Mineral Resource Investment
Compelling Mineral Resource Investment For personal use only Successful explorer – 8 significant discoveries in 8 years. JORC metal inventory: > 900,000 t copper, 2.4 M oz gold & > 60 Mt iron. Gold mining planned to commence in 2013 at Portia. Pipeline of advanced projects for future develop
Slide 6: Strategic Objectives
Strategic Objectives For personal use only South Australian focus – minimises costs and sovereign risk, whilst taking full advantage of accumulated geological knowledge in highly prospective terrain. Commence gold mining at Portia – projected surplus >$40m within 18 months of start up (commencem
Slide 7: Project Location
Project Location For personal use only Curnamona Province – highly prospective. Havilah’s 8 discoveries Endorsement by MMG JV Famous Broken Hill mine – world’s largest Pb-Zn deposit
Slide 8: Large Copper-Gold Inventory in Four Projects
Large Copper-Gold Inventory in Four Projects For personal use only Metal Inventory (all JORC status) Copper: 915,500 tonnes (Kalkaroo + Mutooroo + North Portia) Gold: 2,400,000 ozs (Kalkaroo + Mutooroo + Portia + North Portia) Cobalt: 17.5 M Kg (Mutooroo) Molybdenum : 8.45 M Kg (Kalkaroo + North Por
Slide 9: Portia Gold Project
Portia Gold Project For personal use only JORC FS ML PEPR Project* Res Comments on Current Activities and Status Awaiting operating approvals for open pit mine from Mines Department. Portia Au Employed an experienced mining engineer as project manager. Discussions with landowner, contr
Slide 10: Proposed Portia Open Pit Gold Mine
Proposed Portia Open Pit Gold Mine Portia open pit gold mine targeting gold in base of Tertiary strata For personal use only 67,000 oz JORC resource Gold exists, quantity unknown
Slide 11: Portia Project - coarse free gold
Portia Project - coarse free gold For personal use only Gold from base of Tertiary layer at 74m depth Gold from immediately underlying bedrock
Slide 12: Portia – Planned Near Term Gold Production
Portia – Planned Near Term Gold Production For personal use only Open pit designed to capture maximum amount of gold for minimum initial overburden removal Favourable economics Staff engaged (eg. mining engineer – project manager) Site and infrastructure planning commenced Mining commencemen
Slide 13: Portia Operating Economics Based on Current Mine Plan
Portia Operating Economics Based on Current Mine Plan For personal use only PORTIA GOLD PROJECT - OPERATING ECONOMICS Portia Project JORC resource of 720,000 t @ 3.1 g/t (uncut) for 72,000 ounces Mineral resource within optimised open pit design is 355,000 t @ 4.7 g/t for 53,822 ounces Waste removed
Slide 14: Kalkaroo Copper-Gold Project
Kalkaroo Copper-Gold Project For personal use only JORC FS ML PEPR Project* Res Comments on Current Activities and Status Awaiting operating approvals for open pit mine from Mines Department. Portia Au Employed an experienced mining engineer as project manager. Discussions with landown
Slide 15: Kalkaroo Copper - Gold Project
Kalkaroo Copper - Gold Project For personal use only • Open cut copper-gold deposit . • Can generate a substantial cash surplus at current metal prices. • Low mining cost: soft overburden to 60m Kalkaroo Cu-Au Deposit free-dig upper oxidised zone to 120m 124.5Mt 0.5% Cu 0.39g/tAu 18.7Mt 0.74g/t
Slide 16: Kalkaroo Resource Model
Kalkaroo Resource Model For personal use only Gold Cap 18.7Mt @ 0.74g/t Au Cu-Au Orebody 124.5Mt @ 0.50%Cu, 0.39g/t Au
Slide 17: Kalkaroo Oxidised Ore - Copper and Gold Metal
Kalkaroo Oxidised Ore - Copper and Gold Metal Low capital start up option can exploit gravity recoverable copper and gold Copper metal For personal use only recovered by screening Native Copper (99% pure metal) –in drillcore from oxidised zone Gold and copper recovered by in-line jig
Slide 18: Kalkaroo - Primary Sulphide Ore
Kalkaroo - Primary Sulphide Ore For personal use only Conventional grinding and flotation produces a high grade concentrate • 50-60% of ore • Open at depth • Standard metallurgy • Good copper recoveries
Slide 19: Kalkaroo Processing Flow Sheet
Kalkaroo Processing Flow Sheet For personal use only
Slide 20: Optimised Pit Captures 80% Resource
Optimised Pit Captures 80% Resource Resource within open pit design For personal use only Gold cap Copper-gold Optimised open pit shell generated for $3.60/lb Cu & $1,600/oz Au Kalkaroo mineral resource
Slide 21: Kalkaroo Revenue Model
Kalkaroo Revenue Model For personal use only At current metal prices Kalkaroo is economically robust Earnings Before Tax (EBT) : Variation with Gold & Copper price 6 5 Cu price ($/lb) 4 1.50 EBT ($Billion) 2.00 3 2.50 3.00 2 3.50 4.00 1 0 1000 1500 1750 2000 2500 3000 Gold price ($/oz) Based on the
Slide 22: Kalkaroo Near Pit Ore Upside
For personal use only Kalkaroo Near Pit Ore Upside Along strike to west and east Down dip Along Kalkaroo fault Ore grade intersection in recent deep diamond drillhole KKDD401 approx 150m down dip of the nearest drillhole and outside current open pit design
Slide 23: Kalkaroo Conceptual Exploration Model
Kalkaroo Conceptual Exploration Model For personal use only Replacement mineralisation in a favourable “prospective sequence” Analogies to Zambian Copper Belt 5 recent step out diamond drillholes all hit mineralised prospective sequence rocks. Kalkaroo mineralisation extended to depth. New
Slide 24: Kalkaroo Near Mine Potential
For personal use only Kalkaroo Near Mine Potential Very appreciable exploration upside - three new discoveries made by Havilah during the last eighteen months.
Slide 25: Braemar Iron Province, NE South Australia
Braemar Iron Province, NE South Australia A major new emerging iron ore province For personal use only Braemar Iron Province 26
Slide 26: Havilah Holds Three Braemar Iron Ore Projects
Havilah Holds Three Braemar Iron Ore Projects For personal use only Havilah iron projects 27
Slide 27: Maldorky Iron Ore Project
Maldorky Iron Ore Project For personal use only JORC FS ML PEPR Project* Res Comments on Current Activities and Status Awaiting operating approvals for open pit mine from Mines Department. Portia Au Employed an experienced mining engineer as project manager. Discussions with landowner,
Slide 28: Maldorky Iron Ore Deposit
Maldorky Iron Ore Deposit For personal use only 147Mt @ 30.1% Fe JORC Indicated Resource at a cut- off grade of 18% Fe Flat lying rectangular slab of iron ore up to 120m thick lying 0-5m below surface Minimal internal waste
Slide 29: Maldorky Stage Open Pit Design
Maldorky 3 Stage Open Pit Design For personal use only Simple three stage open pit design captures 139Mt ore Life of mine strip ratio 0.19 (Stage 1 only 0.03) Batter angle 600
Slide 30: Maldorky – Positives for Development
Maldorky – Positives for Development For personal use only Close to railway line - 26km flat terrain. Minor overburden and internal waste - amenable to low cost open pit mining. Relatively soft ore - low energy for crushing and grinding. Simple upgrade process - produces Drilling at Maldorky
Slide 31: Maldorky – A Valuable Iron Ore Resource
Maldorky – A Valuable Iron Ore Resource Maldorky Iron NPV (@ discount rate 10%) For personal use only 1600 1400 NPV @ 10% discount rate (A$Million) Maldorky has favourable 1200 economics provided iron 1000 ore prices are above US$80/t 800 and capex is minimised by 600 using existing infrastructure.
Slide 32: A good track record of exploration success
A good track record of exploration success For personal use only HAVILAH VALUE ADDING Havilah has spent approx A$20m of its capital (and A$17m JV funds) and generated a substantial Exploration value creation multiple Iron via successful exploration Molybdenum discoveries. Cobalt Gold Copper A$37m HA
Slide 33: Grants Iron Ore: First Discovery Success in 2012
Grants Iron Ore First Discovery Success in 2012 For personal use only Grants Iron Ore Discovery 8km from railway line eg180m thickness iron ore from surface in drillhole GTRC022 Maldorky Iron Ore Project 34
Slide 34: Wilkins Copper-Gold Project: Second Discovery Success in 2012
Wilkins Copper-Gold Project Second Discovery Success in 2012 For personal use only 100m wide quartz- magnetite skarn hosted copper-gold mineralisation eg 99m 0.37% Cu, 0.25g/t Au in drillhole WKRC003 Grants Iron Ore Discovery Located 1.5 km from railway line Maldorky Iron Ore Project 35
Slide 35: Summary
SUMMARY For personal use only Large copper and gold metal inventory in high quality South Australian mineral projects. First cash from open pit gold mining at Portia in 2013 (subject to approvals and finance). A pipeline of new projects being progressively advanced for future development or sa
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