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Iron Ore and More

Publié le 15 décembre 2018

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IRON ORE AND MORE

In June 2018 Havilah announced that SIMEC Mining, the recent purchasers of the Whyalla steelworks, had commenced due diligence investigation of the commercialisation potential of Havilah's Maldorky and Grants iron ore projects. These studies have made positive progress on a number of fronts, culminating with the discovery of a major new iron ore deposit in the Grants Iron Ore Basin based on drilling completed in the last few weeks. This is arguably the most economically significant mineral discovery in Havilah's history. The favourable logistics and association with SIMEC Mining are positives for the ultimate development of Havilah's iron ore assets.

GRANTS IRON ORE BASIN DISCOVERY

� A major new iron ore deposit confirmed by discovery of thick, continuous iron formation over an area of at least 3.5 km2 in the western portion of the Grants Iron Ore Basin.
� Thickest drill intersection of 297 metres ended in mineralisation.
� Drilling to date has covered only ~25% of the interpreted Grants Iron Ore Basin.

Click on the Grants Iron Ore Basin landscape to view the announcement (acknowledgement to Sean Burgan, Havilah driller, for the drone photo of recent drilling activities)

TRANSFORMING WHYALLA STEELWORKS

� Earlier this week Mr Sanjeev Gupta's GFG Alliance announced the signing of $600m worth of contracts that would help facilitate expansion of Whyalla's steel production to 1.8 million tonnes per annum.
� Mr Gupta also revealed plans for a visionary �Next-Gen� mega steel plant for Whyalla utilizing state of the art modern technology that would eventually boost steel production to 10 million tonnes per annum, making it one of the largest steel plants in the world.
� The good news for Havilah is that these ambitious plans require significantly increased volumes of iron ore feedstock, which can be supplied from its resources via a nearby train line that runs directly to Whyalla.
� Mr Gupta's GFG Alliance has so far funded extensive metallurgical testing of Maldorky iron ore samples and also funded the drilling program leading to the Grants Iron Ore Basin discovery.

Click on the picture of the iron ore plant similar to that envisioned by GFG Alliance at Whyalla.

SOME INTERESTING READING AND VIEWING

AGM Video Presentation
A video of the entire Havilah 2018 AGM has been loaded to Havilah's YouTube channel and may be accessed by clicking on this link.

Grants Iron Ore Basin Discovery
Read ProactiveInvestors take on the new iron ore discovery on this link

Copper
Read Gavin Wendt's "Case for a copper rally in 2019"

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:
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Dullwich SA 5065
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