31 Flemington Street
Glenside 5065 South Australia
phone 61 8 8338 9292
fax 61 8 8338 9293
email [email protected]
ABN 39 077 435 520
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HAVILAH RESOURCES NL
ASX / Media Release
16 December 2014
Annual General Meeting
Managing Director Presentation
Havilah Resources NL (ASX: HAV) (“Havilah” or the “Company”) is pleased to
lodge the presentation that Dr Chris Giles, Havilah’s Managing Director, is to present
at Havilah’s AGM today.
The presentation will also be available on the Company’s website at www.havilahresources.com.au.
Mr Walter D. Richards
CFO & Company Secretary
For further information visit the Company website www.havilah-resources.com.au or
contact: Dr Chris Giles, Managing Director, on: [email protected].
www.havilah-resources.com.au
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Mining to Commence in 2015
AGM 2014 Technical Presentation
Dr Chris Giles
Managing Director
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Disclaimer
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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 warranties in relation to the statements
and information in this presentation. Investors should seek appropriate advice on their own
objectives, financial situation and needs.
This presentation contains certain statements which may constitute “forward-looking statements”.
Such statements are only predictions and are subject to inherent risks and uncertainties which could
cause actual values, performance or achievements to differ materially from those expressed, implied
or projected in any forward looking statements.
Havilah disclaims any intent or obligation to update publicly any forward-looking statements, whether
as a result of new information, future events or results or otherwise.
Investors are cautioned that forward-looking statements are not guarantees of future performance
and investors are cautioned not to put undue reliance on forward-looking statements due to the
inherent uncertainty therein.
Competent Person Statement
The information in this presentation that relates to Exploration Targets , Exploration Results, Mineral Resources and Ore Reserves is
based on data compiled by geologist, Dr Chris Giles, a Competent Person who is a member of The Australian Institute of
Geoscientists. Dr. Giles is a director of the Company and is employed by the Company on a consulting contract. Dr. Giles has
sufficient experience, which is relevant to the style of mineralisation and type of deposit and activities described herein to qualify as
a Competent Person as defined in the 2012 Edition of ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and
Ore Reserves’. Dr. Giles consents to the inclusion in the presentation of the matters based on his information in the form and context
in which it appears. This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to
comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.
For personal use only
Milestones achieved during 2014
 Portia gold mining approval granted.
 Terms of a mining contract for Portia substantially finalised on a shared
risk / shared profit basis.
 Maldorky iron ore mining lease proposal approved. Public exposure
period ended and public comments being addressed.
 Kalkaroo copper-gold mining lease proposal approved for public exposure
and comment.
 Acquisition of Kalkaroo station – effectively securing land access for
future Kalkaroo mine development.
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Corporate achievements during 2014
 Oversubscribed rights issue raised $5m with more than 700 shareholders
participating in the issue.
 Bolstered management capabilities with employment of new experienced
personnel, namely
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Company secretary and CFO - Walter Richards
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Environmental manager - Andrew Woidt
 Amalgamated expenditure agreement with DSD, allowing Havilah to
spread expenditure over all of its tenements and so help to retain them
 Committed to a new shareholder communication program with Phillip
Capital, who have extensive links in Asia.
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Technical achievements during 2014
 Successfully completed a complex dewatering and water injection testing
regime at Portia necessary to obtain the mining approval.
 Successfully completed major extended pump tests at Maldorky to
determine the groundwater parameters as required for completion of the
MLP and PEPR, plus pilot scale metallurgy tests.
 MMG exploration partner drilled 25 diamond drillholes, spent more than
$3m and made new copper discoveries at Croziers and Birksgate and
confirmed extensive copper mineralisation at Eurinilla.
 Comprehensive modelling of various mining scenarios for all projects and
development of scoping financial modelling studies .
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Portia Gold Project- Havilah’s First Mine
 Intensive work effort all year, mainly on dewatering, tailings dam design
and water injection to satisfy regulators requirements.
 Full mining approvals received in October 2014
 A 50:50 revenue sharing mining contract substantially finalised (but not
yet signed) with the mining contractor responsible for funding and carrying
out all mining operations and delivery of gold ore to the surface stockpile
and Havilah responsible for ore processing and production of gold dore.
 Havilah will not require a capital raising to meet its processing
responsibilities and risk to shareholders is limited, while upside is intact.
 Havilah stands to receive substantial gold sales income in 2016.
Project location
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8,000km2 ground holding
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Portia open pit mine plan
*67,000 oz JORC Inferred
resource in Tertiary clay
Weathered bedrock
Patchy high grade gold
mineralisation in bedrock
26 metres of 15.4 g/t Au
13 metres of 33.5 g/t
Bedrock
* based on an Inferred Resource of 720,000 tonnes @ 2.9g/t at a 60g/t
cutoff, released to ASX on 26/06/09
Portia processing plant key components
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Lease agreement with right to purchase in place
Twin 50 tph In-line Jigs
with Spinners for heavy
mineral and gold
separation
120 tph Trommel
for washing ore
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Portia Mine Planning
Water injection test work
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Low Capital Starter Open Pit Option
Starts on highest grade
and shallowest native
copper and gold ore at
Western end of deposit.
Est. $70- $100m startup
capex and thereafter
self-funding.
Slower route, but
advantage is that future
expansion of mine is
largely funded by
cashflow and reduced
development risk.by
operating
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Kalkaroo site layout
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Acquisition of Kalkaroo station
A major step forward in the Company’s strategy to
reduce risk and clear the path for development of
the Kalkaroo copper-gold project.
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Maldorky Extended Pump Test
A major undertaking successfully
completed by Havilah with good
data collected
New Copper Discoveries by MMG
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MMG (Minmetals) JV - $12m over 5 years
exploring for large copper deposits
 8,000 km2 tenements
 Ten prospective domes
 100% owned by HAV
Birksgate
Copper
Discovery
Croziers
Dam Copper
Discovery
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MMG Exploration – Birksgate copper discovery
From downhole interval containing 10.9m
@ 0.84% copper and 0.64 g/t gold from
209m in diamond drillhole BRK14DD001A.
(as released to the ASX on 17/10/14)
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MMG Exploration – more copper at Eurinilla
From downhole interval containing 6m @ 5.3%
Cu from 157m in diamond drillhole EUR14DD009
(as released to the ASX on 21/01/14)
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Strategic objectives for 2015
Complete the transition to miner
 Portia open pit gold mine - expect to reach ore zone by mid 2016.
 Advance Kalkaroo towards mining stage - mining lease proposal, PEPR,
native title mining agreement.
 Complete PFS study for Maldorky iron ore project – metallurgy, processing
flow sheet, mining lease proposal, PEPR, native title agreement.
 Complete mining lease proposal for Mutooroo project – compile all
information, establish a viable mining and processing plan.
 Seek investment partners – on suitable terms to help with development of
Havilah’s mineral projects and marketing of product.
 Improve Havilah’s market recognition and corporate profile – encourage
buyer interest in order to restore share price to acceptable levels
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Outlook for 2015
 Mining industry at the junior end and contractors will remain very difficult.
 Gold is a bright spot, with the falling A$ helping returns.
 Copper is a longer term story as consumerism grows in developing
economies and demand picks up without increasing supply.
 Havilah is well positioned - mining gold with the prospect of substantial
income in 2016 and Kalkaroo copper-gold development to follow thereafter.
 Iron ore we expect will improve mainly because of demand for high quality
product and steel mills desire to diversify supplies away from monopoly
producers. Aim to fully permit the Maldorky project to “investor” ready status.
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Thanks to our staff
Successful outcomes are achieved by hard work, persistence and patience
Our staff have worked incredibly hard this year to achieve these results.
Particular mention of :
Jared Murray – mining engineer and operations manager – responsible
for Portia approval and driving Kalkaroo MLP. Supported by our longest
serving employee, geologist Traviss Just and consultant mining
engineer, Alan Burgess and field and office support staff.
Geoff Stolz – geologist responsible for compilation of Maldorky MLP and
recent groundwater test work.
Lucie Price – geologist and outstanding tenements manager.
Walter Richards – accountant responsible for successful rights issue,
annual report, streamlining reporting and accounting procedures.
Thanks to our shareholders – who have watched their investment
shrink and who have had faith that we are working hard in their best
interests and have mostly spared us harsh criticism. We trust Havilah’s
fortunes will turn as it executes its mining development plans.