Havilah Resources Limited · ASX:HAV
Havilah Resources — Shareholder Meeting (December 2006)
28 slides from Havilah Resources's shareholder meeting presentation, Dec 7, 2006
Slide 1: Chairman's Address to AGM: Havilah's Forward Direction and Strategy
CHAIRMAN’S ADDRESS TO AGM 7 December 2006 HAVILAH’S FORWARD DIRECTION AND STRATEGY Dear Shareholders We have had another very successful year and have grown Havilah’s resource asset base by on- going drilling which has focused on the Portia gold project, the Kalkaroo copper-gold project and the Euri
Slide 2: 2007 exploration plans and transition to producer
While progressing our advanced projects during 2007, it is also our intention that exploration drilling will continue during 2007 on some exciting new projects, namely : • Lorenzo - The lateral southern extensions of the Portia gold zone extends into this area, with some ore grade gold drill interce
Slide 3: Native copper metal smelted from RC drilling chips at Kalkaroo
Havilah Resources –Presentation AGM 7 December 2006 Native copper metal smelted from RC drilling chips at Kalkaroo
Slide 4: Havilah Resources NL
/FR\ Havilah Resources NL Havilah Resources NL ASX: HAV 100% 100% 50.6% 63% GEOTHERMAL RESOURCES 10% | 100% interest Monax Pernatty Right to all Tertiary 9 Geothermal in more than 20 Mining EL 2979 uranium interests Exploration Licences Exploration Licences Limited Red Metal on certain of over poten
Slide 5: Top Class Mineral Asset Portfolio
TOP CLASS MINERAL ASSET PORTFOLIO • Advanced mineral projects (all 100% owned) : Kalkaroo copper-gold - 70 mt open pit, 11 year mine life Portia gold – potentially long life high grade open pit Mutooroo copper-cobalt - 11.5 mt open pit potential, 11 year mine life • Strong exploration upside in larg
Slide 6: Havilah tenement map
z 400000 E Ww >} fo} iS [o) ite) Eurinill Dome Cu, Au, ogy i » Portia Au McBrides Da Pb, Zn As 6500000 N € ul eu Kalkaro ig 0.47% \ él 0.46 g/t Au~\ Cc | 124 ppmMo | \ Me” BROKEN ) Havilah ( lS HILL ae ‘| tenement | 4/2 boundaries \ 6450000 N Olary y Radiu onion Hill U » Mutooroo 11.5mt @ 1.1% Cu 0.
Slide 7: Kalkaroo – Largest Undeveloped Copper Resource in Australia
KALKAROO – LARGEST UNDEVELOPED COPPER RESOURCE IN AUSTRALIA ……AND GROWING… • Very successful drilling in 2006 that identified further mineralisation in three new areas – south, west and central Kalkaroo around the major mineralised dome. • Western extensions will permit substantial expansion of curr
Slide 8: Kalkaroo – a big mineralised system
Kalkaroo – a big mineralised system
Slide 9: Kalkaroo – Robust Economics
KALKAROO – ROBUST ECONOMICS • Mining scoping study shows Kalkaroo is profitable at much lower than current copper prices, with 30,000 tpa Cu and 95,000 oz Au production in first two years. • Free dig overburden and ore down to 120 metres = reduced mining costs. • Ability to stage development by mini
Slide 10: Optimised open pit and predicted resource extensions at depth
Optimised open pit and predicted resource extensions at depth
Slide 11: Portia Gold Project
PORTIA GOLD PROJECT Native gold from the base of Tertiary gold layer
Slide 12: Portia Gold Project
PORTIA GOLD PROJECT • Breakthrough in understanding in 2006 gives confidence there is significant high grade bedrock gold mineralisation • Very positive for mining economics at Portia • Still difficult to estimate grade due to extreme nugget effect – needs special treatment of drill samples and time
Slide 13: Havilah's washing plant
Unusual problems require unconventional solutions….. Havilah’s washing plant
Slide 14: Assays of complete washed bedrock intervals are encouraging
Assays of complete washed bedrock intervals are encouraging… • PTAC 189 3 metres of 32.2 g/t Au • PTAC 191 6 metres of 57.4 g/t Au • PTAC 196 9 metres of 12.5 g/t Au • PTAC 205 12 metres of 9.4 g/t Au But we do not have many as yet because it takes time to process the samples…..
Slide 15: This is what the gold looks like
This is what the gold looks like…
Slide 16: Largely primary gold grains with minor secondary overgrowths
Largely primary gold grains with minor secondary overgrowths
Slide 17: Why Portia is looking promising
Why Portia is looking promising ……. 2m @ 29 g/t Au BOT 6m @ 56 g/t Au BR 12m @ 9.4 g/t Au BR 1m @ 71 g/t BOT 2m @ 19.5 g/t Au BOT prospective contact zone
Slide 18: How Portia gold formed
HOW PORTIA GOLD FORMED….. The base of Tertiary gold layer has formed by erosion of high grade free gold in the bedrock and deposition in a shallow depression. The primary bedrock gold deposited in bonanza grade patches along the dipping contact with highly graphitic hangingwall pelites
Slide 19: Plenty more gold to be found
PLENTY MORE GOLD TO BE FOUND ! Numerous similar prospects along 20km strike with high grade bedrock gold hits at eg Shylock, Lorenzo… To drill in 2007
Slide 20: Mutooroo – Feasibility Study Progressing
MUTOOROO – FEASIBILITY STUDY PROGRESSING • Feasibility study being funded by Heilonjiang Resources • Heilonjiang aims to find a purchaser for the bulk copper- cobalt sulphide concentrate - will minimise processing in Australia = low initial capital required • Cobalt prices are rising – a good time t
Slide 21: Mutooroo Mine Project drillholes
Havilah Resources NL Havilah drillholes DDMM21.¢ | ahh DDMM7 * Broken Hill South \ drillholes \ | Mutooroo Mine Project. _ target modelled potential sulphide ore envelope www.havilah-resources.com.au
Slide 22: Mutooroo Cross-section
493550 W Mutooroo Cross-section
Slide 23: Massive sulphide ore with quartz gangue
Massive sulphide ore with quartz gangue
Slide 24: Mutooroo – Potentially Very Profitable
MUTOOROO – POTENTIALLY VERY PROFITABLE • Scoping study shows optimised open pit contains 11.5 Mt @ 1.1%Cu and 0.096% Co to 250 m depth • Straightforward open pit mining for 11.5 years at 1 Mtpa producing 10Kt Cu and 1Kt Co pa • Good potential to increase resources, grade and production – to be addre
Slide 25: Regional Exploration
Regional Exploration Great discovery potential in more than 7,000 km2 of a world class mineral province
Slide 26: Curnamona Craton geology and prospects
/HR\ Havilah Resources NL CURNAMONA CRATON geology, prospects (Uigctaes, GRE 6 aw acknowledgement to PIRSA for magnetic image = Lake Charles 6500 Kin continuous 30m @0.13%Zn° | = tenement block Lo = Eure eheme k y North Portia Project - er ers ey \ £20 mt Cu-Au-Mo — “(resource drilling) es Eurinilla
Slide 27: Some Exploration Targets for 2007
SOME EXPLORATION TARGETS FOR 2007 • Zinc mineralisation at : -Deep Well : 231 metres of 0.23% zinc -Lorenzo : 39m of 0.5% Zn and 23m of 0.9% Zn • Hard rock uranium at Radium Hill extensions • The next gold deposit at Lorenzo eg 12m @ 3.26 ppm Au – never followed up • STILL PLENTY OF EXPLORATION EXCI
Slide 28: Strategic Directions in 2007
STRATEGIC DIRECTIONS IN 2007 • Commence trial open pit gold mine at Portia and continue mining if grades are sustainable (subject to funding) • Commence feasibility study on Kalkaroo copper-gold deposit (subject to funding) • Complete feasibility study on Mutooroo copper-cobalt deposit and decision
Havilah Resources — Shareholder Meeting (December 2006) on 6ix