Havilah Resources Limited · ASX:HAV
Havilah Resources — Shareholder Meeting (December 2012)
27 slides from Havilah Resources's shareholder meeting presentation, Dec 7, 2012
Slide 1: From Explorer to Miner: AGM 2012 Technical Presentation
For personal use only From Explorer to Miner AGM 2012 Technical Presentation Dr Chris Giles Technical Director
Slide 2: Disclaimer
For personal use only 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 warra
Slide 3: Score card for 2012 (objectives 1-3)
Score card for 2012 Based on stated objectives 1-7 at 2011 AGM 1. Bring Portia into production as soon as possible (subject to PIRSA permitting approvals, For personal use only and then financing, contractors, manning) Finalising PEPR – delay due to last minute government agency requests for more
Slide 4: Score card for 2012 (objectives 4-7)
Score card for 2012 Based on stated objectives 1-7 at 2011 AGM 4. MMG exploration agreement (discover a major orebody) For personal use only Has progressed well – detailed aeromagnetic survey covering all of JV tenements. 14,000m aircore drilling completed and soon 1000m diamond drilling. A su
Slide 5: Analysis
For personal use only Analysis 1. We are still delayed by things we cannot control It is not generally understood by the public that Government departments have become interested only in bureaucratic regulation and no longer help to facilitate the advancement of projects in spite of all their rhet
Slide 6: Solution
For personal use only Solution Management must patiently work through the regulatory issues with the various government agencies and native title groups until all permits are obtained. This costs a lot of money and management time and causes unavoidable delays. Shareholders need to be patient
Slide 7: Mineral project status
For personal use only Mineral project status Finalisation of mine permitting, financing, Portia Au contractor for open pit mining operation Kalkaroo FS complete, finalising mining lease Cu-Au-Mo proposal, seeking development partner Maldorky N Portia Fe Cu-Au Pre-FS, JORC resources, advancing mining
Slide 8: Pipeline of development projects
Pipeline of development projects Approx yearly For personal use only increment *Estimated first production Portia gold $ 51,000 oz gold within 15 months commencement Maldorky iron ore $ 2.7 Mtpa premium product over 23 years Kalkaroo copper-gold $ 90,000 ozpa gold + 44,000 tpa copper over 13 years N
Slide 9: Copper-gold development business
For personal use only 1. Copper-gold development business JORC FS ML PEPR Project* Res Comments on Current Activities and Status Updated FS resource and mining model and improved project economics. Kalkaroo Cu Au Mo Seeking to sell down project equity to a suitable partner. Mining Lease
Slide 10: Kalkaroo is a large copper-gold deposit
For personal use only Kalkaroo is a large copper-gold deposit 623,000 t copper and 2 million oz gold 124.5Mt @ 0.5% Cu, 0.39 g/t Au & 18.7Mt @0.74 g/t Au in gold cap. 44,000 tpa copper in concentrate & 90,000 oz pa gold from 9Mtpa throughput over current 13 year mine life. Oxidised cap – gol
Slide 11: Kalkaroo is very well understood
For personal use only Kalkaroo is very well understood Gold Cap 18.7Mt @ 0.74g/t Au Native copper Chalcopyrite sulphides Cu-Au Deposit 124.5Mt @ 0.50%Cu, 0.39g/t Au
Slide 12: Kalkaroo is potentially very profitable
For personal use only Kalkaroo is potentially very profitable At current metal prices Kalkaroo is economically robust Based on the current resource and open pit mining model, assuming : 9 Mtpa ore throughput over a 13 year mine life. Capex of $447M including overburden removal. Optimised metal
Slide 13: Kalkaroo more resource potential
Mineralisation open to east, presently poorly defined by drilling For personal use only More resource potential Mineralisation open to west Along strike to west and east Kalkaroo copper-gold deposit Down dip Along Kalkaroo fault Proof : Ore grade intersection in recent deep diamond drillhole K
Slide 14: More Kalkaroo's to be found?
For personal use only More Kalkaroo’s to be found ? Substantial near mine exploration upside. Proof : Three new discoveries made by Havilah during the past eighteen months. All within trucking distance of Kalkaroo. Based on wildcat drilling of conceptual targets.
Slide 15: Portia gold project - Havilah's first mine
For personal use only Portia gold project- Havilah’s first mine 67,000 ounces of gravity recoverable gold in base of Tertiary resource. Excellent potential to extend mine life high grade gold drill intercepts and low grade gold halo in bedrock below. Progressing operating approvals and contrac
Slide 16: Portia - there may be more gold at depth
For personal use only Portia – there may be more gold at depth 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 clay Weathered bedrock 13 metres of 33.5 g/t Bedrock
Slide 17: Portia - small mine, good return
For personal use only Portia - small mine, good return PORTIA GOLD PROJECT - OPERATING ECONOMICS ESTIMATE * Portia Project JORC resource of 720,000 t @ 2.9 g/t (uncut) for 67,000 ounces Mineral resource within optimised open pit design is 355,000 t @ 4.7 g/t for 53,822 ounces Waste removed to expose
Slide 18: Portia simple gravity gold processing
For personal use only Portia simple gravity gold processing
Slide 19: Portia processing plant key components
For personal use only Portia processing plant key components Twin 50 tph In-line Jigs with Spinners for heavy mineral and gold separation 120 tph Trommel for washing ore
Slide 20: Iron ore development business
For personal use only 2. Iron ore development business The major emerging Braemar iron ore province Infrastructure development opportunities on railway Havilah’s three and port facilities iron ore projects Grants Maldorky Project – positive aspects Closest to railway - 26km flat terrain Highest
Slide 21: Maldorky is financially attractive
For personal use only Maldorky is financially attractive Maldorky has favourable economics for iron ore prices >US$60/t FOB, provided capex is minimised by using existing infrastructure. Based on the current resource and open pit mining model, assuming : 2.7 Mtpa premium saleable product over a 23
Slide 22: Grants iron ore discovery
Grants iron ore discovery 304 Mt of 24% Fe, only 8km from railway line For personal use only
Slide 23: Grants - favourable mining geometry
Grants – favourable mining geometry A large homogeneous slab of iron ore extending from surface to For personal use only 180 m depth, with no overburden and minimal waste
Slide 24: Wilkins copper-gold discovery
For personal use only Wilkins copper-gold discovery 100m wide skarn ironstone mineralised zone with long low grade copper-gold drill intersections 3km long mineralised structural corridor, of which only 300m length drill tested so far. Potential for discovery of a large ironstone hosted copper
Slide 25: Strategic objectives for 2013
For personal use only Strategic objectives for 2013 Commence Portia open pit gold mine – subject to DMITRE permitting approvals, financing, contractors, manning.* Complete scoping study for Maldorky iron ore project – metallurgy, processing flow sheet, mining lease proposal, PEPR.* Advance Kal
Slide 26: JORC resource metal inventory
JORC 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 Containe
Slide 27: Havilah projects current status
For personal use only Havilah projects current status JORC FS ML PEPR Project* Res Comments on Current Activities and Status Awaiting operating approvals for open pit mine from Mines Department. Portia Au Employed an experienced mining engineer as project manager. Working on contract d
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