Havilah Resources Limited · ASX:HAV

Havilah Resources — Melbourne Mining Club Presentation (March 2016)

25 slides from Havilah Resources's conference presentation, Mar 15, 2016

  1. Slide 1: A New Mining Force in South Australia (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. 168 million Ordinary Shares -- 36 mil

  2. Slide 2: A New Mining Force in South Australia

    1 A New Mining Force in South Australia Melbourne Mining Club Presentation Dr Chris Giles, MD 15 March 2016

  3. Slide 3: Cautionary Statement

    2 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 companies, gives no warr

  4. Slide 4: Investment Key Points

    3 Investment Key Points  Prospect of >$40 million gross cash flow generated by HAV in 20161 …… Portia gold mine progressing ahead of plan  Future cash flow growth from new mines in the pipeline …… North Portia and Kalkaroo copper-gold projects > 15 year life2  Exposure to exploration success and

  5. Slide 5: Corporate Summary

    4 Corporate Summary Capital Structure Millions HAV v Small Resources (XSR) - 1 year Cash (31 Jan 2016) $0.8 Debt (31 Jan 2016) $1.0 Shares 168 Options (Listed + Unlisted) 45 Market Cap (14 Mar 2016) $64

  6. Slide 6: Focus On NE South Australia

    Focus On NE South Australia 400000 E 500000 E Havilah Resources Havilah mineral at tenement boundary Portia Pr ewsinia 67 Koz Au 4m @ 17.5gtAu North Portia J &2im @ 0.48% Cu? 100 Kt Cu, 235 Koz Aut Croziers 125m @ 0.46% Cu’ Kalkaroo Central Processing Facility 2 Moz Au, 622 Kt Cu’ Broken Hill ry } A

  7. Slide 7: MINING - Portia Gold Mine

    6 MINING - Portia Gold Mine  Commenced 30 March 2015 with experienced Broken Hill contractor responsible for all mining.  Innovative funding arrangement – revenue sharing with mining contractor.

  8. Slide 8: Portia - High Grade Gold 75m Below Surface

    7 Portia - High Grade Gold 75m Below Surface Initial mining objective 67,000 oz JORC resource Patchy high grade gold at base of Tertiary clay1 mineralisation in bedrock Weathered bedrock 26 metres of 15.4 g/t Au 13 metres of 33.5 g/t2 Bedrock Refer to ASX releases on 126/06/09 and 230/11/06

  9. Slide 9: First Gold Ore Mined at Portia

    8 First Gold Ore Mined at Portia Achievement of a major milestone at Portia with first truck load of ore mined this week

  10. Slide 10: Simple Gravity Recovery Plant

    9 Simple Gravity Recovery Plant 120 tonne per hour trommel, log washer and attritioning circuit for washing silty clay material that contains the free coarse gold. Fully automated dual system Knelson concentrators that can efficiently recover gold over a wide size range, including very fine gold, no

  11. Slide 11: Portia Key Economic Metrics

    10 Portia Key Economic Metrics1 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 recoverable gold. W

  12. Slide 12: DEVELOPMENT- North Portia Copper-Gold Project

    11 DEVELOPMENT- North Portia Copper-Gold Project  Adjacent to Portia on same mining lease, containing 235,000 ounces gold and 100,000 tonnes copper1.  Mining of oxidised ore could continue on after Portia, to exploit available infrastructure synergies (subject to North Portia the results of curren

  13. Slide 13: North Portia Copper-Gold Project

    12 North Portia Copper-Gold Project 1 2 New metallurgical testing indicates good recoveries via minimal grinding and conventional flotation is feasible. Refer to ASX releases on 103/03/16 and 203/02/16

  14. Slide 14: DEVELOPMENT - Kalkaroo Copper-Gold Project

    13 DEVELOPMENT - Kalkaroo Copper-Gold Project Sizeable long life resource of 622K tonne copper and 2M oz gold 1

  15. Slide 15: Kalkaroo Copper-Gold Project

    14 Kalkaroo Copper-Gold Project Copper-gold deposit 622,000 t copper 1.6m ounces gold1 Optimised open pit design Gold cap 445,000 ounces1 Orebody open in directions shown by the 1Refer to ASX release arrows 2/03/15 and resource table at end of presentation

  16. Slide 16: Kalkaroo – A Large Undeveloped Copper Resource

    15 Kalkaroo – A Large Undeveloped Copper Resource 1.6 $1,200 Prominent Hill Hillside Measured and Indicated Mineral Resources Measured & Indicatad Mineral Resources in Copper Equivalent 1.4 $1,050 of Australian Mines and Projects 1.2 $900 All Kalkaroo EXPLORERS & DEVELOPERS Entreprise Value in A$ mi

  17. Slide 17: Kalkaroo - Aiming For 2017 Mining Decision

    16 Kalkaroo - Aiming For 2017 Mining Decision 550Km2 Kalkaroo Station owned by Havilah KEY TASKS  Permitting  Processing flow sheet design & costing  Updated resource and mining model – Probable Ore Reserve release  Funding West Kalkaroo starter open pit location

  18. Slide 18: Upside – Kalkaroo Resource Expansion Potential

    17 Upside 1 – Kalkaroo Resource Expansion Potential Near mine upside Reconnaissance drilling has returned ore grade intercepts at three prospects within 5 km of the Kalkaroo deposit and planned processing facility. Orebody extensions Deposit is open at depth and along strike - further drilling could

  19. Slide 19: Upside – Kalkaroo Processing Facility

    18 Upside 2 – Kalkaroo Processing Facility

  20. Slide 20: Upside – Exposure To Other Commodities

    19 Upside 3 – Exposure To Other Commodities  Cobalt1 (Mutooroo, North Portia, Kalkaroo) – by-product in pyrite concentrates  Molybdenum (North Portia, Kalkaroo) – potentially recoverable grades  Lead- zinc (Mulyungarie, Lorenzo) – Broken Hill deposit nearby  Iron ore (Maldorky, Grants, Lilydale)

  21. Slide 21: Upside – Ongoing Discovery Success

    20 Upside 4 – Ongoing Discovery Success  Irreplaceable > 8,000 km2 highly prospective tenement holding.  8 new JORC resources drilled in 8 years by Havilah plus several new areas of copper-gold, cobalt, tin, uranium and iron ore mineralisation discovered.  JORC minerals resource inventory of over

  22. Slide 22: The Investment Case For Havilah

    The Investment Case For Havilah  Track record of success…  Portia gold mine funded, developed and first ore delivered to ROM pad.  Outlined 8 JORC resources in 8 years, including over 900,000 t Cu, 2.4 million oz Au plus substantial cobalt, molybdenum, iron ore, uranium, tin.  Protected sharehol

  23. Slide 23: Additional Supporting Slides

    22 ASX : HAV Additional Supporting Slides

  24. Slide 24: Copper-Gold Resource Metal Inventory

    23 Copper-Gold Resource Metal Inventory Copper: 915,500 tonnes (Kalkaroo + Mutooroo + North Portia) 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 Contained Contain

  25. Slide 25: Iron Ore Resource Inventory

    24 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% 40% 59,000,000 Grants2

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