Slide 1: Havilah Resources Shareholder Presentation
Havilah Resources (ASX: HAV) 13 August 2014 Havilah Resources NL plans to become a significant new producer of iron ore, copper, gold, cobalt, molybdenum and tin from its 100% owned JORC mineral resources in northeastern South Australia 120.3 million ordinary shares 11.7 million unlisted options For
Slide 2: A High Quality Mining Growth Opportunity
For personal use only HAVILAH RESOURCES A High Quality Mining Growth Opportunity Shareholder presentation by Dr Chris Giles, Managing Director August 2014
Slide 3: Cautionary statements
Cautionary statements 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, giv
Slide 4: Corporate Summary
Corporate Summary For personal use only Capital Structure Pre Post HAV v Small Resources Index (XSR) Rights Rights* Cash (April 14) $2.3M $6.5M August 2012 – August 2014 Debt NIL NIL Shares 120.3M 150.4M Options (listed + 11.7M 41.7M Unlisted) Market Cap $19M $24M Rights Issue: 1:4 at 14c with a fre
Slide 5: Investment Proposition
Investment Proposition For personal use only 100% owned substantial JORC metal resource inventory*: 1. Copper-gold : > 900,000 t copper and 2.4 M oz gold plus cobalt and moly. 2. Iron ore : >450Mt iron ore. ……quality mineral assets in a safe jurisdiction Positioning to develop four mineral projects
Slide 6: Havilah's Strategic Plan
Havilah’s Strategic Plan For personal use only Guiding principle: to look after shareholders interests. Develop the project portfolio in a way that minimises shareholder dilution. Minimise exposure to development risk. Aim to provide shareholder dividend returns at the earliest opportunity. Prudent
Slide 7: Project Location
Project Location >8,000km2 ground holding For personal use only
Slide 8: Project Portfolio
For personal use only Project Portfolio
Slide 9: Kalkaroo Copper-Gold Project
Kalkaroo Copper-Gold Project For personal use only 100% owned JORC resource 622kt Cu & 2m oz Au*. FS completed in 2010 and considerably more technical work since has enhanced the project. Mining lease proposal lodged. Technically simple, low risk and well located project. Open at depth and long stri
Slide 10: A Large Undeveloped Copper Resource
A Large Undeveloped Copper Resource For personal use only Measured and Indicated Copper Equivalent Resource Tonnes /1000 Australian Copper Project Comparables 1800 Prominent Hill 1600 Hillside All 1400 1200 Kalkaroo 1000 800 DeGrussa Little Eva 600 Rocklands 400 Kanmantoo 200 0 OZL RXM HAV HAV SFR A
Slide 11: Kalkaroo Development Options
Kalkaroo Development Options For personal use only Kalkaroo comparatively LOW cost operation. Flexible development options – find optimum balance of capital input vs metal production. High capex – higher metal output, better returns. Low capex - slower route, but advantage is that future expansion o
Slide 12: Kalkaroo Central Processing Facility
Kalkaroo Central Processing Facility Multi-purpose processing plant able to For personal use only process ore from multiple projects. Improves viability and development Portia + North prospects of numerous smaller Cu-Au Portia projects in region. 101,000 t Cu 235,000 oz Au Kalkaroo Kalkaroo Mutooroo
Slide 13: Kalkaroo
KALKAROO For personal use only Ample flat land for mining infrastructure West Kalkaroo starter open pit location
Slide 14: Mutooroo Copper-Cobalt Project
Mutooroo Copper-Cobalt Project For personal use only Exceptionally high value (>$450/t) ore: potentially direct shipping sulphide ore. Option 1 : Recover copper sulphides in Kalkaroo processing plant (could boost annual copper production). 13.1 Mt @ 1.48% Cu Option 2 : Direct ship massive sulphide w
Slide 15: Portia Open Pit Gold Mine
Portia Open Pit Gold Mine For personal use only Near term cash flow: within 24 months subject to approvals and partnership. Simple Operation: dewater, dig pit, gravity recovery of gold, sell. Resource: 67,000 oz JORC resource below Tertiary overburden*. Potential additional revenue if additional gol
Slide 16: Maldorky Iron Ore Project
Maldorky Iron Ore Project For personal use only 147Mt @ 30.1% Fe Indicated Resource (applying an 18% Fe cutoff)*. Favourable mining economics: life of mine strip ratio 0.19 (Stage 1 only 0.08). Low capex and opex: by utilizing existing Three stage infrastructure capacity, gravity concentration of pi
Slide 17: Discovery Potential – Action in 2H14
Discovery Potential – Action in 2H14 . MMG (controlled by China Minmetals) Exploration Agreement : For personal use only Havilah retains 100% ownership of its exploration licences. MMG may earn 60% of any mineral deposit that it discovers and elects to develop. MMG completing a 15 hole diamond drill
Slide 18: Year Project Timeline
2 Year Project Timeline Many major milestones to be achieved over the next six to twelve months For personal use only Activity / YEAR 0 1H YEAR 1 2H YEAR 1 1H YEAR 2 2H YEAR 2 Project PEPR submitted Commencement of Mining overburden Mining overburden and Ore processing Secure mining approvals mining
Slide 19: Recent Milestones Achieved
Recent Milestones Achieved For personal use only Completion Portia gold mine permitting work: revised mining approval document ready to be re-lodged. Maldorky iron ore mining lease proposal: accepted by Department State Development and available for public comment. Kalkaroo copper-gold mining lease
Slide 20: Longer Term Objectives
Longer Term Objectives For personal use only In 5 years, Havilah aims to have achieved the following objectives: Sequential development of mineral projects with significant production of copper, gold and iron ore, with room for appreciable expansion (not all may be attributable to Havilah if it sell
Slide 21: Project Delivery Challenges & Risks
Project Delivery Challenges & Risks For personal use only Mining Permitting: rigorous regulatory approvals required - time consuming, expensive and timing largely beyond our control. Land Access: agreements required with landholders and native title claimants. Financing: obtaining suitable project f
Slide 22: What Sets Havilah Apart?
What Sets Havilah Apart ? For personal use only Several value drivers coming into play: four new mining developments planned over the next 5 years. Short term cash flow: Portia gold returns planned over next 24 months. Quality mineral development projects: Long life open cut mines, simple metallurgy
Slide 23: Significant Re-valuation Upside
Significant Re-valuation Upside For personal use only Australian Copper Project Comparables KEY POINT : Havilah has a relatively low market cap in relation Measured and Indicated Copper Equivalent Resource Tonnes /1000 to its measured and indicated copper equivalent resource base 1800 Prominent Hill
Slide 24: Mining Cycle Development Upside
Mining Cycle Development Upside 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 25: Summary + Q&A
Summary + Q&A For personal use only Thankyou for attending… Questions…
Slide 26: Copper-gold Resource Metal Inventory
Copper-gold Resource Metal Inventory For personal use only 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 Portia) Copper Gold Molyb- Cobalt Contained C
Slide 27: Iron Ore Resource Inventory
Iron Ore Resource Inventory For personal use only 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
Slide 28: Mining Approval Process
Mining Approval Process For personal use only The triangle at left shows the path from exploration to development for mining projects in South Australia. The various milestones achieved are summarised in the table above.