Havilah Resources Limited · ASX:HAV
Havilah Resources — Investor Presentation (March 2015)
32 slides from Havilah Resources's investor presentation, Mar 27, 2015
Slide 1: Shareholder Presentation March/April 2015 (ASX release)
Havilah Resources Limited plans to sequentially develop its portfolio of gold, copper, iron, cobalt, tin and other mineral resources in South Australia. Our vision is to become a new mining force, delivering value to our shareholders, partners and the community. 156 million Ordinary Shares -- 36 mil
Slide 2: A New Mining Force in South Australia
For personal use only ASX:HAV HAVILAH RESOURCES LIMITED A New Mining Force in South Australia Shareholder presentation by Dr Chris Giles, Managing Director March / April 2015
Slide 3: Cautionary Statement
For personal use only Cautionary Statement 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. Neither Havilah Resources Limited (Havilah) nor any member of the Havilah Group of comp
Slide 4: Corporate Summary
For personal use only Corporate Summary Capital Structure Millions HAV v Mining and Materials (XMM) Cash (31 Jan 2015) $2.9 March 2014 – March 2015 Debt $0.8 Shares 156 Options (Listed + Unlisted) 41 Market Cap (26 Mar 2015) $41
Slide 5: Investment Themes
For personal use only Investment Themes Prospect of >$40 million gross cash flow generated in 2016 1 …… Portia gold mine funded and underway Cash flow growth from new mines in the pipeline …… Kalkaroo copper-gold project with > 14 year mine life is next 2 Exposure to exploration success and ne
Slide 6: Havilah Strategic Objectives
For personal use only Havilah Strategic Objectives Vision Statement : To become a new mining force, delivering value to our shareholders, partners and the community Sequential development of existing mineral projects realising an annual production of at least 30,000 tonnes copper and 100,000 oz gold
Slide 7: Why Havilah Can Deliver
For personal use only Why Havilah Can Deliver Low risk transition to miner: Portia permitted, funded and commenced mining. Short term cash flow: Portia gold sales in second half 2016. Quality mineral development projects: Pipeline of long life, low cost open cut mines with no adverse technical
Slide 8: Project Pipeline
For personal use only Project Pipeline
Slide 9: Tenement Location: South Australia
For personal use only Tenement Location: South Australia
Slide 10: Portia – Havilah's First Mine
For personal use only Portia – Havilah’s First Mine Prospect of >$40 million gross cash flow generated in 2016.1 Simple gravity recovery of free gold. Experienced Broken Hill contractor responsible for all mining Innovative funding arrangement – profit sharing with contractor 1 Refer to ASX
Slide 11: Portia Mine Site Layout
For personal use only Portia Mine Site Layout Worked around local issues : Exclusion zone Excess water re-injection
Slide 12: Portia Open Pit And Resource Model
For personal use only Portia Open Pit And Resource Model Open pit is optimised to capture the maximum ounces of gold (80%) in the base of Tertiary resource. Can access any additional gold below pit floor
Slide 13: High Grade Gold Layer 75m Below Surface
For personal use only High Grade Gold Layer 75m Below Surface
Slide 14: Portia Open Pit Mine Plan
For personal use only Portia Open Pit Mine Plan 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 clay1 Weathered bedrock 13 metres of 33.5 g/t2 Bedrock Refer to ASX releases on 126/06/09 and 230/11/06
Slide 15: Simple Gravity Recovery Plant
For personal use only Simple Gravity Recovery Plant Twin 50 tonne per hour In- line Pressure Jigs with Spinners for heavy mineral and gold separation. 120 tonne per hour Trommel for washing ore.
Slide 16: Portia Key Economic Metrics
For personal use only Portia Key Economic Metrics 1 Cash Flow Analysis Millions Total gross cash flow generated $80.5 Royalties payable $(2.4) Cash flow generated after royalty expenses $78.1 Havilah 50% share of cash flow generated $39.1 Based on: JORC resource of 720,000 tonnes @ 2.9g/t of gravity
Slide 17: Kalkaroo – Havilah's Second Mine
Kalkaroo – Havilah’s Second Mine Large long life resource of 622K tonne copper and 2M oz gold 1 For personal use only Gold cap 18.7Mt @ 0.74g/t Au Native copper Chalcopyrite sulphides Cu-Au Deposit 124.5Mt @ 0.50%Cu 0.39g/t Au 1Refer to ASX release 2/03/15 and resource table at end of presentation
Slide 18: A Large Undeveloped Copper Resource
A Large Undeveloped Copper Resource Australian Copper Project Comparisons For personal use only Resource data based on ASX releases to 25/03/15. Copper equivalent resource = copper tonnes + gold ounces x 0.210408, assuming average gold and copper prices for first 3 months 2015 and same metal recover
Slide 19: Kalkaroo Development Options
For personal use only Kalkaroo Development Options 1 Two options: Optimised production vs minimised capex. Modelling indicates this is a lowest quartile cost operation: Robust economics. Optimised Production Parameter Minimised Capex Model Model Mine life 14 years 17.5 years Upfront capex (± 30%
Slide 20: Low Capital Starter Open Pit Option
For personal use only Low Capital Starter Open Pit Option Commence mining on highest grade and shallowest ore at Western end of deposit. $83M (±30%) start- up capex and thereafter self- funding. Slower route, but advantage is that future expansion of mine is largely funded by cash flow and reduced d
Slide 21: Aiming for Mid-2016 Decision to Mine
For personal use only Aiming for Mid-2016 Decision to Mine Permitting, processing flow sheet and funding are critical path tasks. Own Kalkaroo Station – land access secured. Ample flat land for mining infrastructure. West Kalkaroo starter open pit location
Slide 22: Resource Expansion Potential
For personal use only Resource Expansion Potential High potential for expansion of current resource and new discoveries nearby to extend mine life. Deposit is open at depth and along strike - further drilling can expand resource. Huge near mine discovery potential – wild-cat drilling has retur
Slide 23: Kalkaroo Processing Facility will Unlock Value
Kalkaroo Processing Facility will Unlock Value Multi-purpose processing plant able to process ore from multiple projects. For personal use only Portia + North Portia Improves development prospects and 101,000 t Cu unlocks value in several nearby Cu-Au 235,000 oz Au Kalkaroo projects. 622,000 t C
Slide 24: Exceptional Regional Exploration Potential
Exceptional Regional Exploration Potential . For personal use only > 8,000 km2 contiguous prospective tenement holding in Curnamona Craton. Highly prospective terrain for copper-gold mineralisation with strong analogies to Central African Copper Belt. 8 new JORC resources drilled in 8 years pl
Slide 25: Can History Repeat Itself?
For personal use only Can History Repeat Itself? Strong analogies with Adelaide-based North Flinders Mines arguably the most successful junior gold resource company in the 1980-90’s Sole focus on a highly prospective land holding in the Tanami region with numerous prospects (Read: Havilah’s 8,000
Slide 26: Significant Upside Re-valuation is Possible
Significant Upside Re-valuation is Possible KEY POINT: Havilah has a relatively low market cap in relation to its measured and indicated copper equivalent resource base For personal use only Resource data based on ASX releases to 25/03/15. Copper equivalent resource = copper tonnes + gold ounces x 0
Slide 27: In Summary
For personal use only In Summary Portia gold mine is underway • Funded with minimal equity dilution and risk. • Prospect of substantial cash in second half of 2016. Kalkaroo copper-gold project is next • Robust economics - 34,000 t Cu and 104,000 oz Au over 14+ year mine life. • Will unlock seve
Slide 28: Additional Supporting Slides
For personal use only Additional Supporting Slides
Slide 29: Copper-Gold Resource Metal Inventory
Copper-Gold 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 C
Slide 30: Iron Ore Resource Inventory
For personal use only Iron Ore Resource Inventory 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 31: Mining Approval and Project Development Process
For personal use only Mining Approval and Project Development Process The triangle at left shows the path from exploration to development for mining projects in South Australia.
Slide 32: For personal use only
For personal use only
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