Kalkaroo Copper-Gold-Cobalt Project

Kalkaroo is the largest undeveloped open pit copper-gold deposit in Australia on a CuEq Ore Reserve basis, with a 0.74% CuEq grade. It contains 1.1 million tonnes of copper, 3.1 million ounces of gold and 23.2 thousand tonnes of cobalt. A pre-feasibility study (PFS) completed during June 2019 supports a large scale open pit copper-gold mine to approximately 200 metres depth with an annual average production of 30,000 tonnes of copper and 72,000 ounces of gold over a 13 year production period.

There is potential for by-product recovery of the critical minerals cobalt, molybdenum and REE during processing of the copper-gold ores.

Kalkaroo is not yet fully explored and there is substantial near-mine discovery potential to expand the resources and extend the mine life.

Investment opportunity

Havilah is seeking a major investment funding partner to assist in the financing and development of the project. Investment terms are flexible. Discussion is welcomed with interested parties who have the financial capability.

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Financial information

Investment sought: A$70M - A$350M

Project highlights

  • The Kalkaroo project is substantially de-risked, due to the advanced pre-feasibility study status with a 100 million tonne open pit Ore Reserve (Proved 90%), granted mining leases and ownership of the surrounding pastoral property.
  • The Kalkaroo orebody is not fully drilled and has excellent resource expansion potential both along strike and at depth. Ore-grade copper-gold drilling intersections in the surrounding area indicate the possibility of new discoveries within trucking distance of Kalkaroo.
  • Favourable logistics located 50 km north of the transcontinental railway and Barrier Highway and 90 km northwest of the major regional mining centre of Broken Hill with its skilled workforce.

Key organisations

  • Havilah Resources Limited

Project timelines

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