Havilah Resources

Published : March 31st, 2016

Portia Gold Ore Successfully Mined (1.2MB)

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Portia Gold Ore Successfully Mined (1.2MB)


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: 31 March 2016 ASX Code: HAV

Mined out north pod (foreground) and overburden removal in progress in background



  • First phase of gold ore mining from the Portia interim sub-pit successfully completed

Havilah Resources Limited ("Havilah" or "Company") is pleased to report that mining of the north pod high grade gold ore layer has been completed at the Portia gold mine, northeast of Broken Hill. This ore was mined from an interim sub-pit some three and a half months earlier than originally scheduled, due to a redesign of the mining plan.

Mining proceeded according to plan and the geologists could readily visually identify the high grade gold ore layer. This allowed for very selective mining with limited dilution. The lower grade material above and below the main ore zone have also been stockpiled on the ore pad for processing at a later stage. Roughly ten thousand tonnes of high grade ore and considerably more lower grade ore was mined and stockpiled on the ore pad adjacent to the processing plant (see aerial photograph below). Construction of the processing plant is progressing as planned with the continuing expectation of start-up and commissioning by the middle of April.

One of the major positive factors established by the mining was the modest water inflows from the bedrock once exposed by mining. This is largely due to the extensive dewatering pumping from boreholes near the crest of the open pit over the last year. The water inflows encountered are readily handled by pumping from a collection sump cut below the existing open pit floor.

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

Commenting on progress Havilah's Managing Director, Dr Chris Giles, said:

"As the result of mining this interim sub-pit some three and a half months ahead of schedule, we now have a stockpile of gold ore available and ready for processing as soon as the processing plant is commissioned over the next few weeks.

"We have also proven it is possible to successfully and safely mine through the overburden and deal with the groundwater to allow us to selectively dig out the high grade ore layer some 75 metres below surface, which is no mean feat.

"In the meantime, Consolidated Mining & Civil are rapidly removing the overburden on the western side of the open pit, which will expose the ore layer in the remainder of the open pit within the next two months" he said.

Interim northern sub-pit from which the high grade ore horizon has been mined. The weathered bedrock exposed in the pit floor will be sampled for high grade gold in fractures in due course. The moderate amounts of water flowing into the sump are being pumped to the surface with a powerful dewatering pump.

Photo courtesy of Traviss Just.

Aerial view of the Portia mine site showing the high, medium and low grade ore material mined from the northern sub-pit stacked on the ore pad, ready for processing. Construction of the adjacent processing plant is well advanced. Photo courtesy of Andrew Woidt.

For further information visit www.havilah-resources.com.au

Contact: Dr Chris Giles, Managing Director, on (08) 8338-9292 or email:[email protected]

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Havilah Resources

ISIN : AU000000HAV4
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Havilah is a tin and gold exploration company based in Australia.

Havilah holds various exploration projects in Australia.

Its main asset in development is PORTIA in Australia and its main exploration properties are KALKAROO, LILYDALE, MALDORKY and MUTOOROO in Australia.

Havilah is listed in Australia. Its market capitalisation is AU$ 44.6 millions as of today (US$ 32.2 millions, € 28.2 millions).

Its stock quote reached its highest recent level on July 13, 2007 at AU$ 2.89, and its lowest recent point on March 13, 2020 at AU$ 0.05.

Havilah has 171 390 000 shares outstanding.

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Corporate Presentations of Havilah Resources
7/27/2016HAVILAH'S 40KG (>$2M) GOLD POUR
In the News and Medias of Havilah Resources
3/18/2019Havilah Resources to explore for additional copper-cobalt re...
12/19/2018Havilah one step closer to getting mining lease for Australi...
Annual reports of Havilah Resources
[hav_announcements] Annual Report is now available on the we...
Financials of Havilah Resources
7/31/2017Q & A April 2017 Quarterly Report
Project news of Havilah Resources
2/12/2017(Portia)Portia Gold Sales Exceed 20000 oz
11/6/2016(Portia)Portia Gold Mine Extension
4/21/2016(Portia)First Portia Ore Processed
5/3/2011(Kalkaroo)[hav_announcements] Exploration Update
3/2/2011(Maldorky)[hav_announcements] Drilling at Maldorky Iron Ore Project
Corporate news of Havilah Resources
8/2/2016Longer Term Potential Indicated For Portia Gold Mine (1.37MB...
8/1/2016First Debt Repayment of Investec Loan Facility (617KB )
7/7/2016A New Mining Force in South Australia - Sydney Mining Club
6/23/2016A New Mining Force in South Australia (pdf 4.15MB)
6/15/2016Completion of Sale of Unmarketable Parcels (pdf 548KB)
6/8/2016Havilah Receives First Payment for Gold Sales (pdf 528KB )
6/1/2016Quarterly Activities Report - Period Ending April 2016 (1.5M...
5/10/2016Havilah Pours First Portia Gold
5/9/2016Portia Gold Mining to Resume
5/2/2016Portia High Grade Gold Ore Processing Commenced (pdf 722KB)
4/22/2016Havilah Recognised with Commercial Achievement Award
4/21/2016Portia Processing Plant Treats First Gold Ore
4/20/2016South Australian Resources & Energy Investment Conference
3/31/2016Portia Gold Ore Successfully Mined (1.2MB)
1/29/2016Havilah Targets Earlier First Gold from Portia Mine (10MB)
12/13/2013[hav_announcements] Annual General Meeting
10/29/2012[hav_announcements] Broadcast of Havilah Presentation
10/27/2011[ght_announcements] Havilah increases its stake in Geotherma...
4/18/2011(Maldorky)[hav_announcements] Exploration Update on Maldorky and Kalka...
2/18/2011[hav_announcements] Update on Field Activity
2/7/2011New Shareholders In Havilah Resources
7/9/2010[hav_announcements] Oban Well-house Start-up
3/4/2008South Australian Chamber of Mines Presentation
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