Havilah Closer to Kalkaroo Development with Fresh Licenses

Havilah Resources has gotten one step further in developing its Kalkaroo copper-gold project by being granted five necessary licenses.

Havilah Resources (ASX:HAV) has gotten one step further in developing its Kalkaroo copper-gold project by being granted five necessary licenses for the asset.

The company announced this week that the South Australian Minister for Energy and Mining has granted the company three mineral leases and two miscellaneous purposes licenses for the project. According to Havilah, the licenses have secured the company’s right to mine at Kalkaroo.

Going forward, the company’s next step will be obtaining permission to mine, which comes from the submission and approval of a program for environment protection and rehabilitation. In the meantime, Havilah is still chiseling away at an updated prefeasibility study (PFS) for the project, which is expected to be completed in 2019’s last quarter.

“The grant of the mining tenements for the Kalkaroo copper-gold project is a significant milestone for Havilah and the result of many years of persistence, dedication and hard work. We look forward to progressing the Kalkaroo project to the next stages of development, including the finalization of the updated PFS,” Havilah CEO Walter Richards said in a statement.

The Kalkaroo asset has been a project 15 years in the making, with Havilah having acquired just less than 1,000 square kilometers of its exploration tenements from previous owners and joint venture partners Placer Pacific and MIM Holdings in 2003.

In the years since its acquisition, Havilah has done significant amounts of drilling that has led to its current resource of 1.1 million tonnes of copper, 3.1 million ounces of gold and 23,200 tonnes of cobalt across the measured, indicated and inferred categories.

The company refers to Kalkaroo as its flagship mineral project and claims it’s the largest undeveloped open-pit copper deposit in Australia on a copper equivalent ore reserve basis, which sits at a copper equivalent grade of 0.74 percent.

Havilah’s share price remained unchanged at the end of Thursday (May 23), closing at AU$0.15. As of Wednesday (May 22), copper was trading at $5,919 per tonne on the London Metal Exchange.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.

Graphite Metallurgical Test Work Update

Highlights:

  • Bulk sample of Springdale graphite concentrate estimated to be completed in Q2 2021.
  • Concentrate material will then be sent to Germany to test its amenability for the production of battery anode material suitable for use in EVs.
  • Final test results expected in Q3 2021.

Comet Resources Ltd (ASX:CRL) is pleased provide an update on ongoing test work on natural flake graphite from its Springdale Graphite Project (Springdale) located in Western Australia. Both excellent grade and recoveries were achieved on initial tests, leading to commencement of work to produce a bulk sample for further testing. Importantly, the graphite concentrates previously produced demonstrated a unique and potentially very valuable characteristic in its small size distribution, with two-thirds of the product passing the 38 µm size fraction screen. Generally, this small size fraction of graphite is a by-product of processing of larger flake fractions, which produces smaller size graphite, but in doing so also damages the smaller flake material in the process, reducing their performance and value. Deposits that contain high quality ultra-fine graphite are uncommon and are potentially suitable for supplying the expanding battery anode market, which continues to grow as the sales of electric vehicles (EVs) increase. Graphite suitable for battery anode production also achieves premium pricing in graphite markets, making it a highly sought-after product.

Keep reading... Show less

Medallion Completes Diagnostic Testing with Australian Nuclear Science and Technology Organization

Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) “Medallion” or the “Company”) announces completion of a suite of diagnostic test work at the Australian Nuclear Science and Technology Organization (ANSTO) in Sydney, to extract rare earth elements (REE) from mineral sand monazite. The monazite was sourced from an Australian mineral sand mine. Discussion is ongoing with additional prospective suppliers.

Mineral sand monazite is an abundant REE-rich feedstock, that can be accessed as a by-product from global mineral-sand mines that target zirconium and titanium, without the need for additional mining. Medallion’s business model is centered on the Medallion Monazite Process , a transferable and scalable technology designed to accept multiple mineral-sand monazite feedstocks and extract high-value REEs with high efficiency, high recovery and zero liquid waste.

Keep reading... Show less

Galaxy Resources Limited Announcement

Galaxy Resources Limited (ASX: GXY) ( Company ) advises that the following announcements have been made to the Australian Securities Exchange which appears on the Company’s platform (ASX):

  • Corporate Presentation – Sal de Vida Development Plan
  • Sal de Vida development Plan
  • Sal de Vida Resource & Reserve Update
  • March 2021 Quarterly Results Conference Call
  • Notice of Annual General Meeting/ Proxy Form
  • 2020 Annual Report
  • 2020 Sustainability Report
  • 2020 Corporate Governance Statement
  • Appendix 4G

The announcement can be viewed at:

Keep reading... Show less

Torian Resources Limited Significant Gold Results from Surface at Mt Stirling

Perth, Australia (ABN Newswire) – Torian Resources Ltd (ASX:TNR) is pleased to advise that recent drilling results continue to extend the Mt Stirling Gold System over ~1.1km of Strike, ~300m at depth, and it remains open in multiple directions.

Highlights:

– The interpreted strike of the Mt Stirling gold system exceeds 1.160km with Mt Stirling Main Zone; Hanging Wall and Viserion lodes all remaining open along strike and down-dip.

Keep reading... Show less

eMetals Limited Updates Shareholders On Exploration – April 12, 2021

eMetals Limited (ASX:EMT) (eMetals or Company) is pleased to update shareholders on exploration activities which have commenced across the Company’s projects.

HIGHLIGHTS

Keep reading... Show less

Top News

Related News