Havilah Resources Limited · ASX:HAV
Havilah Resources — Shareholder Meeting (December 2015)
35 slides from Havilah Resources's shareholder meeting presentation, Dec 9, 2015
Slide 1: ASX and Media Release: Annual General Meeting 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. 168 million Ordinary Shares -- 36 mil
Slide 2: The Mining Chapter Begins
1 The Mining Chapter Begins ASX : HAV Annual General Meeting Dr Chris Giles, Managing Director For personal use only 9 December 2015 “And a river went out of Eden….. it encircles the land of HAVILAH where there is GOLD. And the GOLD of that land is GOOD.” Genesis 2 : 11,12.
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: Significant Achievements During 2015
3 For personal use only Significant Achievements During 2015 Portia Gold Mine permitted, financed, commenced and progressing well. $6M loan facility from Investec and hedging of 10,000 ounces of Portia gold production at A$1,618 / ounce. Commencement of fast tracked feasibility study of mining
Slide 5: 2015 Scorecard For Stated Objectives
4 2015 Scorecard For Stated Objectives Complete the transition to miner For personal use only Portia open pit gold mine - expect to reach ore zone by mid 2016. Advance Kalkaroo towards mining stage - mining lease proposal, PEPR, native title mining agreement. X Complete PFS study for Maldorky
Slide 6: Portia Gold Mine Has Progressed According To Plan
5 For personal use only Portia Gold Mine Has Progressed According To Plan Six months on from commencement on 30 March 2015 Simple gravity recovery of free gold. Experienced Broken Hill contractor responsible for all mining. Innovative funding arrangement – revenue sharing with contractor. Pr
Slide 7: More Than 50% Of Overburden Removed
6 More Than 50% Of Overburden Removed Portia open pit - late November 2015 For personal use only
Slide 8: Half-way Mark Celebration
7 For personal use only Half-way Mark Celebration Acknowledgement to Darrin Manuel, Barrier Daily Truth for the photograph
Slide 9: Why Portia Is An Attractive Proposition
8 For personal use only Why Portia Is An Attractive Proposition Cash Flow Analysis Millions Total gross cash flow generated $80.5 Royalties payable $(2.4) Cash flow generated after royalty expenses $78.1 Havilah 50% share of cash flow generated $39.1 Based on: JORC resource of 720,000 tonnes @ 2.9g/
Slide 10: Hedged 10,000 Ounces at A$1,618/Ozs
9 For personal use only Hedged 10,000 Ounces at A$1,618/Ozs
Slide 11: Portia - High Grade Gold 75m Below Surface
10 For personal use only Portia - High Grade Gold 75m Below Surface Patchy high grade gold Initial mining objective mineralisation in bedrock 67,000 oz JORC resource 26 metres of 15.4 g/t Au at base of Tertiary clay1 Weathered bedrock 13 metres of 33.5 g/t2 Bedrock Refer to ASX releases on 126/06/09
Slide 12: Sentry Laser Scanner Pit-wall Monitoring
11 For personal use only Sentry Laser Scanner Pit-wall Monitoring Mining of soft overburden material requires careful attention to pit-wall stability
Slide 13: Portia Gold Processing Plant
12 For personal use only Portia Gold Processing Plant All key components ordered, delivery to site early in 2016, installation and commissioning March and April 2016.
Slide 14: Simple Gravity Recovery Plant
13 For personal use only Simple Gravity Recovery Plant 120 tonne per hour trommel for washing silty clay material that contains the gold. Fully automated Knelson concentrator that can efficiently recover gold over a wide size range, including very fine gold.
Slide 15: North Portia Copper-Gold Project
14 For personal use only North Portia Copper-Gold Project Adjacent to Portia on same mining lease, containing 235,000 ounces gold and 100,000 tonnes copper1. Mining of oxidised ore could continue on immediately after Portia, to exploit available infrastructure synergies (subject to the results o
Slide 16: North Portia Copper-Gold Project
15 For personal use only North Portia Copper-Gold Project
Slide 17: North Portia Copper-Gold Project
16 For personal use only North Portia Copper-Gold Project
Slide 18: Project Location
For personal use only 17 Project Location
Slide 19: Kalkaroo Copper-Gold Project
18 Kalkaroo Copper-Gold Project Sizeable long life resource of 622K tonne copper and 2M oz gold 1 For personal use only Gold cap 18.7Mt @ 0.74g/t Au Native copper Chalcopyrite sulphides Cu-Au Deposit 124.5Mt @ 0.50%Cu 0.39g/t Au 1Refer to ASX release 2/03/15 and resource table at end of presentation
Slide 20: Kalkaroo – A Large Undeveloped Copper Resource
19 For personal use only Kalkaroo – A Large Undeveloped Copper Resource 1.6 $1,200 Prominent Hill Hillside Measured and Indicated Mineral Resources Measured & Indicatad Mineral Resources in Copper Equivalent 1.4 $1,050 of Australian Mines and Projects 1.2 $900 All EXPLORERS & DEVELOPERS Kalkaroo Ent
Slide 21: Kalkaroo - Aiming For 2017 Mining Decision
20 Kalkaroo - Aiming For 2017 Mining Decision 550Km2 Kalkaroo Station owned by Havilah For personal use only KEY TASKS • Permitting • Processing flow sheet design & costing • Updated resource and mining model – Probable Ore Reserve release • Funding West Kalkaroo starter open pit location
Slide 22: Value Driver – Discovery Upside Near Kalkaroo
21 For personal use only Value Driver 1 – Discovery Upside Near Kalkaroo ASX : HAV Near mine upside Reconnaissance drilling has returned ore grade intercepts at three prospects within 5 km of the Kalkaroo deposit and processing facility. Orebody extensions Deposit is open at depth and along strike -
Slide 23: Value Driver – Kalkaroo Processing Facility
22 Value Driver 2 – Kalkaroo Processing Facility Central processing plant at Kalkaroo will allow other nearby copper- For personal use only gold-(cobalt) projects to be developed. Portia + North Kalkaroo Portia 622,000 t Cu 101,000 t Cu 235,000 oz Au 2m ounces Au Kalkaroo Central Processing Facility
Slide 24: Value Driver – Cobalt and Lithium Battery Story?
23 Value Driver 3 – Cobalt and Lithium Battery Story? How many Li batteries? For personal use only Source: Avicenne Energy (2014) Source: From a presentation by Dr Jon Hykawy (www.stormcrow.ca) at 121 Mining Investment, Hong Kong, 2015
Slide 25: Projected Cobalt Demand
24 For personal use only Projected Cobalt Demand Battery growth of this scale with new cathode materials means that at a minimum, per year, in 2025 will require an additional… • 104,000 tonnes of lithium carbonate equivalent (but lithium is common). • 270,000 tonnes of natural graphite (also common
Slide 26: Value Driver – Ongoing Discovery Success
25 For personal use only Value Driver 4 – Ongoing Discovery Success • Irreplaceable > 8,000 km2 highly prospective tenement holding. • 8 new JORC resources drilled in 8 years by Havilah plus several new areas of copper-gold, cobalt, tin, uranium and iron ore mineralisation discovered. • JORC mineral
Slide 27: 2016 Strategic Objectives
26 For personal use only 2016 Strategic Objectives Portia Gold Mine – Commence gold production mid-2016. North Portia Copper-Gold open pit on oxidised ore – Complete fast track feasibility study, permitting (including PEPR), mining terms. Advance Kalkaroo Copper-Gold Project towards mining dec
Slide 28: Scorecard – Previously Predicted Outlook For 2015
27 For personal use only Scorecard – Previously Predicted Outlook For 2015 Mining industry for junior end and contractors will remain very difficult. Gold is a bright spot, with the falling A$ helping returns. Copper is a longer term story as consumerism grows in developing economies and deman
Slide 29: Predicted Outlook For 2016
28 For personal use only Predicted Outlook For 2016 Mining industry for juniors and contractors will remain very difficult, and a turn around during 2016 is not assured. Gold will remain a bright spot, supported by a lower A$. Copper is a solid longer term story as consumerism grows in develop
Slide 30: But….Who Would Have Predicted This?
29 But….Who Would Have Predicted This? NST vs HAV – Good 12 month appreciation in For personal use only a difficult resources market by being in the right commodity (gold) and careful management of risks. SBM vs BHP - The favourite has lost favour while the out of favour has become a favourite. EVN
Slide 31: How Is Havilah Situated?
30 For personal use only How Is Havilah Situated? On track to become a new mining force in SA… Portia gold mine underway – substantial cash return expected in 2016. > 15 years copper-gold production possible from JORC resources inventory. Targeting annual production of at least 34,000 tonnes
Slide 32: Havilah Is Your Company
31 For personal use only Havilah Is Your Company In one of worst resource down-turns for decades, Havilah shareholders have genuine cause for optimism going forward: In the right commodity at the right time – gold. Prospect of good income in 2016 from Portia. Adequately funded via capital rais
Slide 33: Additional Supporting Slides
32 For personal use only ASX : HAV Additional Supporting Slides
Slide 34: Copper-Gold Resource Metal Inventory
33 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
Slide 35: Iron Ore Resource Inventory
34 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% 4
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