AUSTRALIA HAV.AX 0,21 AU$ 0,00%

A Milestone Transaction=C2=A0

Publié le 16 juillet 2018

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A MILESTONE TRANSACTION FOR HAVILAH

Ever since its formation Havilah has been investing capital entrusted to it by shareholders in building its asset base. This has focused on acquiring prospective exploration acreage and discovering mineral deposits in northeastern South Australia.
This week, for the first time in its history, the Company's closed a sale transaction that saw it dispose of the North Portia mineral asset and receive first payment of $1 million with additional staged payments due over coming months.
In another development, the exclusivity period for the large Kalkaroo copper-cobalt-gold project expired, meaning that Havilah is now free to seek deals for this project, which could take many forms.

NORTH PORTIA DIVESTMENT COMPLETED

� First transaction closed in the implementation of Havilah�s Copper Strategy � Enhanced by Cobalt.
� First payment of $1 million received.
� Havilah�s share of the Portia rehabilitation obligation funding of $1.2 million replaced by CMC.
� Current Portia 15% gold revenue stream remains until 30 November 2018.

Click on the picture above of Havilah CEO, Walter Richards, receiving a cheque for $1 million from Steve Radford AOM, Managing Director of CMC, Broken Hill.

NEW KALKAROO DEVELOPMENT OPTIONS BEING PURSUED

� Exclusivity period with Wanbao has expired.
� Havilah will now consider all development options, including follow up of the considerable third party interest in the Kalkaroo project.
� On-going PFS work by Havilah to optimise the project economics expected to be completed by the end of 2018.
� Places Havilah and the Kalkaroo copper-cobalt-gold project in a very favourable position in the current strong up-trending copper cycle.

Click on the picture of the Kalkaroo open pit layout above to view the announcement

HAVILAH IN THE AUSTRALIAN MINING NEWS

An informative interview with Havilah CEO, Mr Walter Richards by Elizabeth Fabri of The Australian Mining Review.

Click on the above picture of native copper (copper metal) from Kalkaroo to read the article.

For further information visit the Company website:
www.havilah-resources.com.au or contact:
Dr Chris Giles, Technical Director,
info@havilah-resources.com.au

Copyright � 2018 Havilah Resources Limited All rights reserved.
http://www.havilah-resources.com.au

Our mailing address is:
164 Fullarton Road
Dullwich SA 5065
Australia

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Havilah Resources � 31 Flemington Street � Glenside, SA 5065 � Australia

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