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Havilah Resources Limited (ASX:HAV)

ALERT: Price-sensitive ASX Announcement for HAV
Current share price for HAV : $0.820 0.55 (203.70%)+
Announcement
Release
13 Nov 2025 8:28AM
Price at Release
$0.270
Full Release
download
Summary
Havilah Resources Limited and Sandfire Resources Limited have entered into a binding agreement to advance the Kalkaroo Copper-Gold Project located in South Australia. This involves Sandfire earning an 80% interest through a staged investment and project development plan, with an initial consideration of A$105 million and an additional A$105 million following the completion of a new pre-feasibility study. The plan includes significant drilling and exploration investment, aiming to enhance resource evaluation and regional exploration through a strategic alliance, while Havilah retains a 20% project interest.
Key Points
  • Sandfire Resources Limited and Havilah Resources Limited have agreed on a binding term sheet to advance the Kalkaroo Copper-Gold Project.
  • The agreement allows Sandfire to earn an 80% interest in the project through a two-stage earn-in structure.
  • An upfront consideration of A$105 million is included, with a further A$105 million upon the completion of a new pre-feasibility study.
  • A minimum 20,000m drilling program is planned to support resource upgrade and expansion.
  • Sandfire will invest A$30 million into regional exploration under a strategic alliance.
  • Havilah will retain a 20% interest in Kalkaroo and benefit from an exploration strategic alliance to target new discoveries.
  • The project aims to unlock significant regional potential in the Curnamona Province in South Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.