6d513ef2-8846-4741-ad2b-ac2b98527ad7.pdf
Havilah Resources Limited plans to sequentially develop its portfolio of gold, copper, iron, cobalt, tin and other mineral resources in South Australia. Our vision is to become a new mining force, delivering value to our shareholders, partners and the community.
168 million Ordinary Shares -- 36 million Listed Options -- 9 million Unlisted Options
ASX and Media Release: 9 May 2016 ASX Code: HAV
Portia coarse gold concentrate
PORTIA GOLD MINING TO RESUME
HIGHLIGHTS
-
Mining to resume this week.
-
Optimisation of processing plant continues with processing of high grade ore.
-
First gold pour planned this week.
Havilah Resources Limited ("Havilah" or "Company") is pleased to report that its mining partner, Consolidated Mining and Civil (CMC), has confirmed that they intend to resume open pit mining operations at the Portia gold mine later this week. Start-up was to have occurred on the normal shift changeover on Wednesday, but recent heavy rains have delayed site access by one day at this stage.
Following an earlier pit wall slip, mining operations were suspended temporarily in order to allow geotechnical experts to re-evaluate the integrity of the current open pit mine design. It has been determined that mining can safely proceed down to approximately 35 metres below surface with no change to the current design. Minimal design changes are required to access the highest grade ore zone in the floor of the open pit. This is partly due to the conservative design already adopted for the western pit wall which incorporates the access ramp, with an overall pit wall angle of approximately 21 degrees. Once the highest grade ore has been removed, the design will be re- assessed to ensure the remainder of the base of Tertiary ore can be safely mined. Constant monitoring of pit wall movements will be maintained using the Sentry I-site laser scanner system, which proved to be highly successful in predicting the recent slip.
www.havilah-resources.com.au HAVILAH RESOURCES LIMITED
ABN 39 077 435 520
MAIL: 31 Flemington Street, Glenside, SA 5065 Australia EMAIL: [email protected]
Page 1
The processing plant continues to process high grade ore and is being optimised to maximise throughput and plant availability. It is expected that sufficient high quality gold concentrate will be available to smelt and do Havilah's first gold pour this week. As previously reported, ore is being sourced from the stockpile generated from mining the interim sub-pit and there is sufficient material available for treatment for several weeks.
Commenting on recent developments, Havilah Managing Director, Dr Chris Giles, said:
"We are pleased that CMC can continue mining largely in accordance with the current mine design with an acceptable level of safety.
"Our gold plant continues to treat stockpiled ore and is producing gold concentrate over a wide size range, which we aim to smelt this week.
"Our operating team have been working tirelessly on optimising plant performance and maximising throughput and plant availability" he said.
"Golden wave" on the Wilfley (or shaking) table in the Portia gold processing plant.
For further information visit www.havilah-resources.com.au
Contact: Dr Chris Giles, Managing Director, on (08) 8338-9292 or email:[email protected]
www.havilah-resources.com.au HAVILAH RESOURCES LIMITED Page2