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Havilah Resources accepts terms and conditions proposed for Kalkaroo applications

South Australia’s Minister for Energy and Mining is expected to make a decision on the company’s ML and MPL applications in coming weeks.

Plan of tenements at Kalkaroo
Mining tenements in relation to the conceptual Kalkaroo open pit shell and pastoral lease

Havilah Resources Ltd (ASX:HAV) has accepted terms and conditions proposed for three mineral lease (ML) and two miscellaneous purposes licence (MPL) applications for the Kalkaroo Copper-Gold Project.

The company has received the proposed terms and conditions from the South Australian Department of Energy and Mining (DEM) for the project in the state’s northeast.

After reviewing these documents, the company said they were consistent with its applications.

READ: Havilah Resources a step closer to Kalkaroo mining leases being granted

Havilah’s CEO Walter Richards said: “Accepting the proposed terms and conditions for the Kalkaroo Copper-Gold Project is another important step forward in achieving our strategic objectives.”

As with many outback mining operations in Australia, the proposed terms and conditions require the development of acceptable strategies to manage waste rock and tailings as well as surface and ground water, among other things.

These aspects will be addressed in detail in the forthcoming Program for Environmental Protection and Rehabilitation (PEPR) that Havilah will prepare and submit to DEM.

READ: Havilah Resources seeks to enhance Mutooroo economics through new scoping study

Once the Kalkaroo mining tenements are granted, Havilah will have 12 months to submit the PEPR document, which must be approved before any mining activity can begin.

Richards added: “The final decision on the MLs and MPLs for Kalkaroo is very close and we will now turn our attention to the task of completing the PEPR for the project, in accordance with DEM guidelines.”

READ: Havilah Resources sets iron ore exploration target for Grants Basin

A final decision on Havilah’s Kalkaroo MLs and MPLs by the South Australian Minister for Energy and Mining is expected in coming weeks.

Quick facts: Havilah Resources Ltd

Price: 0.19 AUD

Market: ASX
Market Cap: $51.48 m

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