Havilah Resources Limited · ASX:HAV
Havilah Resources — Shareholder Meeting (February 2016)
26 slides from Havilah Resources's shareholder meeting presentation, Feb 11, 2016
Slide 1: Charting the Future in Uncertain Times
Charting the Future in Uncertain Times AGM 2011 Technical Presentation Dr Chris Giles Technical Director
Slide 2: Disclaimer
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 warranties in relation to t
Slide 3: Score Card for 2011
Score Card for 2011 Objective 1 - Commence open pit gold mine at Portia Still working on Portia MARP and operating approval Financing, contractor all dependent on operating approval 2 out of 10 Objective 2 – Add to copper and gold inventory at Kalkaroo and Portia Two new discoveries at Kalka
Slide 4: What Are The Reasons?
What Are The Reasons ? Things we cannot control cause timing delays and sub-optimal outcomes For Project Permitting - we can work hard and employ the best consultants, but a timely outcome is not guaranteed. For Native Title – a source of great frustration because of ambiguous legislation, legal
Slide 5: The Steps to Mining Production
The Steps to Mining Production The Steps to Mining Production in SA Pre-month 0 3 6 9 12 15 18 21 24 27 30 33 36 39 42 45 48 51 54 57 60 63 66 69 72 Feasibility Stage* Exploration (assuming already largely complete) Resource Drilling (starts month 0) Resource Estimation Metallurgical testing for flo
Slide 6: Havilah is Locked in the Classic Mining Cycle
Havilah is Locked in the Classic Mining Cycle New discoveries, pipeline of developments Havilah Resources position now With acknowledgement to Mr Brent Cook for kind permission to reproduce
Slide 7: Strategic Aims for 2012
Strategic Aims for 2012 Bring Portia into production as soon as possible – subject to PIRSA permitting approvals, and then financing, contractors, manning. Complete scoping study for Maldorky iron ore project – metallurgy, processing flow sheet, off-take partner/investor, mining lease proposal.
Slide 8: Project Location
6500000 N @ & g g 2 & & gy Frome ~ Geothermal Project Fm 84,000 PJ published inferred heat energy resource T -—€ Oban U 8.2 mt @ 260ppm Benagerie| U0, (2,100 tonne) Mining Lease granted: North Portia Portia Au Cu-Au-Mo 11.3 Mt @ 0.89% Cu, 0.64 g/t Au & 500 ppm Mo* Kalkaroo Cu-Au-Mo 62.5 mt @ 0.52% C
Slide 9: Havilah Current Project Status
Havilah Current Project Status
Slide 10: Portia – Planned Near Term Gold Production
Portia – Planned Near Term Gold Production Economics are currently favourable Commencement subject to : • Timely MARP approval and other permitting approvals • Financing • Contractor • Manning
Slide 11: Portia Operating Economics Based on Latest Mine Plan
Portia Operating Economics Based on Latest Mine Plan PORTIA GOLD PROJECT - OPERATING ECONOMICS Portia Project JORC resource of 720,000 t @ 3.1 g/t (uncut) for 72,000 ounces Mining Reserve within optimised open pit design is 355,000 t @ 4.7 g/t for 53,822 ounces Waste removed to expose ore 7m cm Reve
Slide 12: Kalkaroo Copper-Gold Project
Kalkaroo Copper - Gold Project • Havilah owns 100% following Glencore exit of a project valued at $150-300 m. • Currently preparing a Mining Lease Proposal plus MARP (> 12 months work). • Need to negotiate a Native Title mining agreement (within Adnyamathanha Stage 2 Native title claim area). • Almo
Slide 13: Kalkaroo Copper-Gold Project
Kalkaroo Copper - Gold Project Can generate a cash surplus >A$1B at current metal prices NPV exchange AUD/USD 0.9 gold price copper price US$/lb US$/oz 2.5 3 3.5 4 4.5 800 60 182 304 427 549 1000 118 241 363 485 608 1200 177 299 422 544 667 1400 236 358 480 603 725 1600 294 417 539 662 784 SURPLUS e
Slide 14: Mutooroo Copper-Cobalt Project
Mutooroo Copper-Cobalt Project •Favoured mine design captures only 30% of sulphide ore – 3.5mt @ 1.4% Cu. •7 year production at 0.5 Mtpa •For $20m capex, 50% share revenue, $355 / tonne ore value CIF, 0.95 AUD:USD exchange rate, gives capital payback in six months. •Cannot support financing of a 13.
Slide 15: Braemar Iron Province, NE South Australia
Braemar Iron Province, NE South Australia Braemar Iron Province 15
Slide 16: Braemar Iron Ore Projects
Braemar Iron Ore Projects Havilah iron projects 16
Slide 17: Maldorky Iron Ore Discovery
Maldorky Iron Ore Discovery • No outcrop • No overburden • Simple 26 km route to railway • JORC resource 147mt @ 30% Fe • Thick, shallow dipping iron formation amenable to low cost open pit mining 17
Slide 18: Near abandoned Radium Hill mine
Near abandoned Radium Hill mine Radium Hill
Slide 19: Maldorky Landscape
Maldorky Landscape
Slide 20: Maldorky Orebody – hidden just below the surface
Maldorky Orebody – hidden just below the surface
Slide 21: Maldorky 3 Stage Open Pit Design
Maldorky 3 Stage Open Pit Design
Slide 22: Maldorky – Many Positives for Development
Maldorky – Many Positives for Development Low energy requirement for coarse grinding of relatively soft ore. Simple upgrade process can produce >60% premium Fe product. Very low impurity levels means product can command premium prices. Good economics due to lack of overburden and waste. For $
Slide 23: MMG JV to Accelerate Regional Exploration
MMG JV to Accelerate Regional Exploration
Slide 24: Continued Havilah Exploration Success
Continued Havilah Exploration Success
Slide 25: The Solution?
The Solution ? Bringing a mine into production, unless it is highly profitable is not necessarily the solution to undervaluation for a junior…. ……as the examples of Terramin and Hillgrove, two very well managed local mining companies, show
Slide 26: Other Solutions Required?
Other Solutions Required ? Exco Resources Example Sell an asset to a major company followed by a capital return…… plus a small profitable gold mine generating free cash. Flinders Mines Example Generous takeover offer For Havilah – all options will be considered in a strategic review currently in pro
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