Proactive Investors - Run By Investors For Investors

Havilah Resources in trading halt with material funding transaction pending

The trading halt will remain until the start of ASX trading on Friday, May 3, or until an announcement is released.
ASX sign on building
The company’s securities last traded at 15.5 cents

Havilah Resources Ltd (ASX:HAV) has news of a material funding transaction imminent and has been granted a trading halt.

The halt will remain in place until the start of normal trading on the ASX on Friday, May 3, 2019, or when the announcement is released to the market, whichever occurs earliest.

Adelaide-based Havilah is focused on a number of projects in South Australia’s northeast, near the border with NSW and the mining centre of Broken Hill.

These are the Kalkaroo Copper-Gold Project, Mutooroo Copper-Cobalt Project and an iron ore project encompassing the Grants and Maldorky deposits.

READ: Havilah Resources continues to progress Maldorky and Grants iron ore scoping study

The company is awaiting completion of due diligence and a scoping study by SIMEC Mining on the iron ore project.

This work is assessing the resource, project life, production, infrastructure and ultimately commercial viability of the project.

READ: Havilah Resources accepts terms and conditions proposed for Kalkaroo applications

At Kalkaroo, the company has recently accepted terms and conditions proposed by South Australia’s Department of Energy and Mining for three mineral lease and two miscellaneous purposes licence applications.

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.

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

Havilah is also seeking to enhance the economics of its Mutooroo project through a new scoping study.

View full HAV profile View Profile

Havilah Resources Ltd Timeline

Related Articles

Vast Resources
June 19 2019
Vast expects to begin mining at Heritage concession before the end of the year
Diammonium phosphate fertiliser produced from Ammaroo ore
April 01 2019
If shareholders agree, the natural resources fund may take over a lion’s share of VRM this quarter then delist the entity.
Fort Cady Borate Project in Southern California
March 11 2019
The company has a strategic cooperation agreement with a borate consumer subsidiary of Sinomach.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use