Havilah Resources is pleased to provide the Company's Quarterly Activities Report for the period ending 31 January, 2017. HIGHLIGHTS FOR QUARTER - Portia Gold Mine sales exceed 20,000 ounces, debt fully repaid and gold hedges closed out. - Approvals received for 120 metre south wall cutback that will potentially extend Portia mining operations by a further 12 months. - New scrubber procured, which eliminates a [...]
Havilah Resources is pleased to report that the Portia Gold Mine has reached another key milestone with the production and sale of its first 20,000 ounces of gold (10,000 ounces attributable to Havilah). This means that Havilah has now delivered all ounces hedged through spot deferred gold sales under the Investec Risk Management Facility, which had an average gold price of A$1,618. Future gold sales from Havilah will now [...]
Havilah Resources is pleased to report that it has received approval from the Department of State Development (DSD) for mining the southern and northern extensions at Portia. This will allow the 120 metre southern cutback to immediately proceed in accordance with the MOU signed with our mining partner, Consolidated Mining and Civil Pty Ltd ("CMC"), and extend the Portia mine life by at least another twelve months (refer [...]
Havilah Resources 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. Highlights: - Prospect Hill is a very promising tin exploration project in South Australia. - Drilling is planned on two new high grade tin prospects in the first [...]
One of Havilah Resources important strategic objectives for 2017 as stated at the AGM is to make new discoveries that are material to Havilah, using Portia cash flow. To this end, Havilah plans to commence an exploration drilling program in the first quarter of 2017 after an almost three year hiatus. The purpose of this announcement is to provide some relevant details about the various drilling targets that will give [...]
Havilah Resources is pleased to report that bedrock assay results for drilling carried out on the open pit floor more than two months ago, shows gold mineralisation extends more than 20 metres into the bedrock below the current open pit floor. The best reportable result so far is from aircore drillhole PTAC244 : 23 metres of 6.8 g/t Au from the pit floor to 24 metres vertically below (to approximately -35 metre RL). Key [...]
