Havilah Resources Limited · ASX:HAV
Havilah Resources — Shareholder Meeting (December 2011)
26 slides from Havilah Resources's shareholder meeting presentation, Dec 7, 2011
Slide 1: Charting the Future in Uncertain Times
For personal use only Charting the Future in Uncertain Times AGM 2011 Technical Presentation Dr Chris Giles Technical Director
Slide 2: 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 3: Score Card for 2011
For personal use only 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 ne
Slide 4: What Are The Reasons?
For personal use only 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 ambigu
Slide 5: The Steps to Mining Production
The Steps to Mining Production For personal use only 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 Metallu
Slide 6: Havilah is Locked in the Classic Mining Cycle
Havilah is Locked in the Classic Mining Cycle For personal use only 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 For personal use only 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, m
Slide 8: Project Location
For personal use only Project Location
Slide 9: Havilah Current Project Status
Havilah Current Project Status For personal use only
Slide 10: Portia – Planned Near Term Gold Production
Portia – Planned Near Term Gold Production For personal use only 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 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 Mining Reserve within optimised open pit design is 355,000 t @ 4.7 g/t for 53,822 ounces Waste removed to
Slide 12: Kalkaroo Copper - Gold Project
For personal use only 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 tit
Slide 13: Kalkaroo Copper - Gold Project
Kalkaroo Copper - Gold Project Can generate a cash surplus >A$1B at current metal prices For personal use only NPV exchange AUD/USD 0.9 gold price copper price US$/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
Slide 14: Mutooroo Copper-Cobalt Project
Mutooroo Copper-Cobalt Project •Favoured mine design captures For personal use only 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 supp
Slide 15: Braemar Iron Province, NE South Australia
Braemar Iron Province, NE South Australia For personal use only Braemar Iron Province 15
Slide 16: Braemar Iron Ore Projects
Braemar Iron Ore Projects For personal use only Havilah iron projects 16
Slide 17: Maldorky Iron Ore Discovery
Maldorky Iron Ore Discovery For personal use only • 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 For personal use only Radium Hill
Slide 19: Maldorky Landscape
For personal use only Maldorky Landscape
Slide 20: Maldorky Orebody – hidden just below the surface
Maldorky Orebody – hidden just below the surface For personal use only
Slide 21: Maldorky Stage Open Pit Design
Maldorky 3 Stage Open Pit Design For personal use only
Slide 22: Maldorky – Many Positives for Development
Maldorky – Many Positives for Development For personal use only 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 overbur
Slide 23: MMG JV to Accelerate Regional Exploration
MMG JV to Accelerate Regional Exploration For personal use only
Slide 24: Continued Havilah Exploration Success
For personal use only Continued Havilah Exploration Success
Slide 25: The Solution?
The Solution ? For personal use only 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?
For personal use only 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 r
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