Havilah Resources Limited · ASX:HAV
Havilah Resources — Shareholder Meeting (December 2009)
33 slides from Havilah Resources's shareholder meeting presentation, Dec 9, 2009
Slide 1: AGM 2009 - Presentation (ASX Media Release)
63 Conyngham Street Glenside 5065 South Australia phone 61 8 8338 9292 fax 61 8 8338 9293 email info@havilah-resources.com.au HAVILAH RESOURCES NL ABN 39 077 435 520 For personal use only ASX / Media Release 9 December 2009 AGM 2009 - Presentation Havilah Resources is pleased to attach a presentatio
Slide 2: Dr Chris Giles, Technical Director
For personal use only Dr Chris Giles, Technical Director, 8 December 2009
Slide 3: Havilah Current Status
Havilah Current Status For personal use only • 3 planned development projects : Kalkaroo Cu‐Au‐Mo 62 mt measured resource, Glencore funded FS being finalised. Mutooroo Cu‐Co >$450/tonne value ore, FS in progress. Portia Au – 67,000 ounce inferred resource in Tertiary, ML 6354 granted, researching in
Slide 4: Havilah Advanced Projects – Status Summary
Havilah Advanced Projects – Status Summary For personal use only Kalkaroo Finalising FS Await Glencore decision Mutooroo Completing FS ML application in process Portia ML granted Extraction of Tertiary gold
Slide 5: 2009 Scorecard
2009 Scorecard (stated objective at beginning of 2009 vs outcome) For personal use only Kalkaroo Project •Complete FS Yes •Secure Glencore’s support in providing project finance Waiting •Obtain Mining Lease over Kalkaroo = native title agreement+ MLP+ other red tape In progress Mutooroo Project •Com
Slide 6: Curnamona Province
Curnamona Province For personal use only HAVILAH Project areas Acknowledgement to PIRSA-BHEI for image
Slide 7: Kalkaroo Copper–Gold Project Status
Kalkaroo Copper –Gold Project Status For personal use only Measured resource of 62 Mt @ 0.55% Cu & 0.44 g/t Au based on 353 drillholes and 31,000 assays. Joint Venture with Glencore International (14%). Close to railway (50 kms) and infrastructure (120 kms from Broken Hill) and five hours (by car) f
Slide 8: Kalkaroo Project – FS Preliminary Results
Kalkaroo Project – FS Preliminary Results For personal use only Option 1 : High tonnage (5 Mtpa) / low grade • Capital costs doubled since scoping study 3 years ago. • Adverse effect on return on capital and increased risk. • Very exposed to fluctuations in metal prices. Option 2 : Low tonnage (1 Mt
Slide 9: Kalkaroo Project – Next Steps
Kalkaroo Project – Next Steps For personal use only • Once FS completed Glencore will have four months in which to decide whether they wish to proceed and fund mining development. • In meantime proceeding with test work on bulk samples composited from retained drill chips from RC drilling. • Objecti
Slide 10: Native Copper
Native Copper For personal use only From drilling Metallurgy Test
Slide 11: Testing Kalkaroo Ore
For personal use only Testing Kalkaroo Ore
Slide 12: Kalkaroo Native Copper (Metal)
Kalkaroo Native Copper (Metal) For personal use only
Slide 13: Kalkaroo Native Copper (Metal) in Jig
Kalkaroo Native Copper (Metal) in Jig For personal use only
Slide 14: Mutooroo Copper-Cobalt Project Status
Mutooroo Copper-Cobalt Project Status For personal use only Opencut massive sulphide deposit containing over 10 mt grading ~35% Sulphur, ~1.5% copper and ~0.2% cobalt Close to railway (16km) and infrastructure (50km from Broken Hill) CompletingFS ML application in process
Slide 15: Mutooroo Massive Sulphide Ore
Mutooroo Massive Sulphide Ore For personal use only Massive quartz sulphide ore: Pyrrhotite, Pyrite (Co), chalcopyrite Chalcopyrite(Cu) Quartz pyrrhotite Very heavy = lot of tonnes for small mining volume
Slide 16: Mutooroo Cross Section
Mutooroo Cross Section For personal use only
Slide 17: Mutooroo Sulphide Processing Metallurgy
Mutooroo Sulphide Processing Metallurgy For personal use only Conventional open pit mining 600K tpa Crushing and gravity beneficiation to remove quartz Roast sulphide ore to produce 540K tpa sulphuric acid Leach calcine residue to produce around 10,000 tpa copper and 1,200 tpa of cobalt Final residu
Slide 18: High Value Mutooroo Ore
High Value Mutooroo Ore For personal use only Value of ore Cu @ 1.5% = 15 kg / tonne $100 Co @ 0.15% = 1.5 kg/ tonne $90 Iron ore ‐ 63% Fe $110 36% S converted to sulphuric acid $110 Electricity 40W / tonne @ $1/W $40 TOTAL $450 / tonne* This means that a 500,000 tpa operation (mining about 110,000
Slide 19: Mutooroo Project – Compelling Business Proposition
Mutooroo Project – Compelling Business Proposition For personal use only • High value ore and high profit margin because of variety of products that can be produced. • Simple open pit mining proposition. • Close to railway and Broken Hill. • Will complement other Havilah projects ultimately allowing
Slide 20: Mutooroo Project – Next Steps
Mutooroo Project – Next Steps For personal use only • Complete Feasibility study – drilling, resource estimation, process plant design and costing – Q1&Q2 2010 • Grant of ML (application lodged) – Q2 2010 • Raise finance for development – equity, loan, partner ? • Secure land for roaster / acid plan
Slide 21: Benagerie Project Current Status
Benagerie Project Current Status For personal use only Granted ML over Portia and North Portia deposits. Must lodge MARP before mining. Portia Au 67,000 oz inferred resource in base of Tertiary silts. Evaluating best options for exploitation North Portia Cu‐Au‐Mo Resource estimate in progress based
Slide 22: Benagerie Project – Location of Deposits
Benagerie Project – Location of Deposits For personal use only
Slide 23: Gravity recovery plant
Gravity recovery plant For personal use only
Slide 24: Gravity Recovery Plant for Portia Gold
Gravity Recovery Plant for Portia Gold For personal use only
Slide 25: Portia Gold
For personal use only Portia Gold
Slide 26: Benagerie Project – Next Steps
Benagerie Project – Next Steps For personal use only • Complete evaluation of best mining options for Portia base of Tertiary gold deposit. • Obtain PIRSA approval for mining and rehabilitation plan (MARP) to enable mining to proceed. • Complete resource estimate and FS for mining North Portia Cu‐Au
Slide 27: Numerous High Quality Regional Exploration Targets
Numerous High Quality Regional Exploration Targets For personal use only
Slide 28: Prospect Hill Tin / Uranium Exploration
Prospect Hill Tin / Uranium Exploration For personal use only
Slide 29: Lilydale Iron Ore Exploration
Lilydale Iron Ore Exploration For personal use only • Well known iron formation, but only portion is likely to be economic. • Highly prospective area lies within Havilah EL 3519 • Well located with respect to railway line.
Slide 30: Lilydale Iron Ore Exploration
Lilydale Iron Ore Exploration For personal use only
Slide 31: Lilydale Iron Ore Exploration
Lilydale Iron Ore Exploration For personal use only • Gravity and magnetic data defines area of highest iron concentration • To be drilled early in New Year • Targeting DSO • 1 Mtpa could generate revenues of $80m
Slide 32: Objectives for 2010
Objectives for 2010 For personal use only Kalkaroo Project •Obtain Mining Lease over Kalkaroo = native title agreement+ MLP+ other red tape •Commence development of native copper/gold ore.* Mutooroo Project •Complete FS with own funding (if no partner). •Raise project finance for acid plant. Benager
Slide 33: 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
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