Havilah Resources Limited · ASX:HAV
Havilah Resources — Asian Traders and Investors Conference 2011
26 slides from Havilah Resources's conference presentation, May 12, 2011
Slide 1: ASX Media Release: Havilah Investor Presentation
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 12 May 2011 Havilah Investor Presentation Havilah Resources has been requested by the ASX to
Slide 2: Havilah Resources: An Emerging Australian Copper-Gold Producer
For personal use only HAVILAH RESOURCES An Emerging Australian Copper‐Gold Producer with a diversified portfolio of quality exploration assets Presentation to Asian Traders and Investors Conference, Singapore, 7 May 2011 by Dr Chris Giles, Technical Director www.havilah-resources.com.au ASX code : H
Slide 3: 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 warr
Slide 4: Corporate Details
Corporate Details For personal use only ¾ Capital : 82 million ordinary shares 20.5 million listed options 2.4 million unlisted options ¾ Market cap : A$47m ¾ Top twenty shareholders : approx 50% ASX code : HAV ¾ Current cash position : approx A$4m ¾ Three experienced directors : Dr Bob Johnson - Mi
Slide 5: Investment Proposition
Investment Proposition For personal use only 1. A substantial metal inventory - copper, gold, molybdenum & cobalt all JORC resource status (+ non-JORC tin, iron ore, uranium). 2. Planned gold producer status - anticipated cash surplus of $45m within eighteen months from Portia. Followed by North Por
Slide 6: Project Location
For personal use only Project Location
Slide 7: Proposition - Substantial Metal Inventory
Proposition 1 - Substantial Metal Inventory For personal use only Metal Inventory (all JORC Based) Copper: 618,000 tonnes (Kalkaroo + Mutooroo + North Portia) Gold: 1,362,000 oz (Kalkaroo + Mutooroo + Portia + North Portia) Cobalt: 17.5m Kg (Mutooroo) Molybdenum : 8.45m Kg (Kalkaroo + North Portia)
Slide 8: Kalkaroo Copper-Gold Project
Kalkaroo Copper - Gold Project Open pit, free dig to 120m depth, in pit waste dumping For personal use only •Conventional metallurgy : crushing, gravity recovery, grinding & flotation •Target production 4.5Mtpa over 12 years : 25,000 tpa copper conc. 75,000 oz pa gold •Close to infrastructure : Rail
Slide 9: Kalkaroo Copper-Gold Project: Cash Surplus
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 10: Proposition – Near Term Gold Production
Proposition 2 – Near Term Gold Production For personal use only Portia open pit gold mine targeting gold in base of Tertiary strata 67,000 oz JORC resource Gold exists, quantity unknown
Slide 11: Portia Project – coarse, free gold
Portia Project – coarse, free gold For personal use only Gold from base of Tertiary layer at 74m depth Gold from immediately underlying bedrock
Slide 12: Portia – two stage open cut mining plan
Portia – two stage open cut mining plan For personal use only Soft free-dig overburden Optimised Pit: Stage 1 Boxcut Waste: 5.9M bcm Ore: 303,000 tonnes @ 4.54 g/t Ozs: 40,000 oz (at 90% recovery) Surplus: $32M Optimised Pit: Stage 2 Final Pit Waste: 8.2M bcm Ore: 517,000 tonnes @ 3.76 g/t Ozs: 56,3
Slide 13: Portia Gold Recovered by Gravity Separation Plant
Portia Gold Recovered by Gravity Separation Plant For personal use only Twin 50 tph In-line Jigs with Spinners for heavy mineral and gold separation 120 tph Trommel for washing ore
Slide 14: Proposition - Exploration Discoveries
Proposition 3 ‐ Exploration Discoveries For personal use only ¾ Havilah is a genuine “Mine Finder” with a proven track record of cost- efficient mineral discoveries. ¾ Maldorky - Substantial recent iron ore discovery. ¾ Kalkaroo - Successful near mine exploration. ¾ Portia – Ore grade gold intersect
Slide 15: Major New Iron Ore Province in South Australia
Major New Iron Ore Province in South Aust. For personal use only Havilah has two pieces of the action
Slide 16: Maldorky Iron Ore Discovery
Maldorky Iron Ore Discovery For personal use only ¾ Minor overburden (0‐20m) ¾ 26 km direct route to railway ¾ Thick, shallow dipping iron formation suited to low cost open pit mining ¾ JORC resource and mine planning studies to be completed Q2 2011 ¾ Coarse grinding of comparatively soft ore produc
Slide 17: Maldorky - Thick Iron Ore Zone, Minor Overburden
Maldorky - Thick Iron Ore Zone, Minor Overburden For personal use only 150 million tonnes Eg drillhole CTRC43 has intersection of 134 Voidmetres of 27.2%150Mt is approx. Fe from surface based on Niton assay results
Slide 18: Upgrades to a Premium Iron Ore Product
Upgrades to a Premium Iron Ore Product For personal use only ¾ Low energy requirement for coarse grinding of relatively soft ore. ¾Testwork indicates that simple upgrade process can produce >60% Fe product. ¾Very low impurity levels means product can command premium prices. ¾Rail and port capacity a
Slide 19: Kalkaroo Near Mine Discoveries
Kalkaroo Near Mine Discoveries For personal use only Within trucking distance of Kalkaroo deposit – 100% HAV Area dominated by large mineralised domes providing the host replacement horizon Also large cross‐cutting quartz vein breccia systems Widespread copper‐gold mineralisation as well as lead ‐ z
Slide 20: Portia Near Mine Exploration Upside
Portia Near Mine Exploration Upside For personal use only
Slide 21: Proposition – Undervalued vs Peers
Proposition 4 – Undervalued vs Peers For personal use only Enterprise Value to Resource In situ Value % 24.0% 20.0% 16.0% 12.0% 8.0% 4.0% 0.0% SFR CCG HGO FND Average CDU MGO TGS EXS DML IRN HAV AOH *pre takeover EV/In situ Value % Adj EV (+ capex)/In situ Value % NB : for HAV copper‐gold deposits o
Slide 22: Other Recent Valuation Precedents
Other Recent Valuation Precedents For personal use only Carrapateena Copper Deposit (South Australia) ¾ sold for up to A$325m (A$250m cash upfront minimum payment) ¾ no JORC resource, orebody starts 470m below surface Exco Resources Cloncurry Copper Project (Queensland) ¾ Xstrata Copper have agreed
Slide 23: 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 24: Havilah Re-rating according to mining cycle
Havilah Re‐rating according to mining cycle For personal use only
Slide 25: Summary of Investment Opportunity
Summary of Investment Opportunity For personal use only ¾ Grossly undervalued compared with peers and on basis of large metals resource inventory. ¾ Value drivers coming into play with planned new mining developments to move up the mining cycle curve. ¾ Highly successful mineral explorer – many more
Slide 26: Thank You
For personal use only THANK YOU www.havilah‐resources.com.au
Havilah Resources — Asian Traders and Investors Conference 2011 on 6ix