https://www.engineeringnews.co.za

Havilah reveals maiden reserve at Kalkaroo

18th June 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Junior Havilah Resources has reported a maiden ore reserve of 474 000 t of contained copper and 1.41-million ounces of gold at its Kalkaroo copper/cobalt/gold project, in South Australia.

 ASX-listed Havilah noted that the ore reserve estimate did not include cobalt at this stage, with the Kalkaroo project estimated to host some 23 200 t of cobalt resource, making it the largest sulphide cobalt deposit, underpinned by copper, in Australia, on a mineral resource basis.

“The Kalkaroo ore reserve clearly indicates the significant value of this copper/cobalt/gold project. The large ore reserve estimate highlights Kalkaroo as a standout among the very few openpit copper development opportunities presently available in Australia,” said Havilah CEO Walter Richards.

“Kalkaroo is a robust copper/cobalt/gold project with a value multiple many times higher than Havilah’s current market capitalistion.”

Havilah is now working on a revised prefeasibility study for Kalkaroo, incorporating the cobalt resource and pyrite tails into an economic model and improving metal recoveries, specifically for gold.

Meanwhile, mine permitting, including native title negotiations, was also advancing.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.054 1.462s - 140pq - 2rq
Subscribe Now