H Havilah Resources Limited

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$HAV $210 Million Deal Revives Major Copper–Gold Project in South Australia

A major funding agreement is breathing new life into one of South Australia’s most significant undeveloped mineral deposits. Kalkaroo, located about 400 kilometres north of Adelaide, holds one of Australia’s largest copper–gold resources and has been in the planning stages for ...
$210 Million Deal Revives Major Copper–Gold Project in South Australia

A major funding agreement is breathing new life into one of South Australia’s most significant undeveloped mineral deposits. Kalkaroo, located about 400 kilometres north of Adelaide, holds one of Australia’s largest copper–gold resources and has been in the planning stages for years without moving into full development.

Havilah’s Long-Standing Project Gains Momentum

Owned by Havilah Resources, the Kalkaroo project has remained idle as the company sought the right partner to progress the orebody toward production. Despite its size and potential, the project has not advanced to mine construction, and the remote landscape shows no surface infrastructure or open-pit activity.

Sandfire Commits up to $210 Million

A new agreement with Sandfire Resources is now set to accelerate the next phase. Sandfire has committed up to $210 million under an earn-in structure, including funding for fresh drilling aimed at upgrading and expanding the resource base. The plan includes a new pre-feasibility study and thousands of metres of drilling to better define the deposit.

Could Kalkaroo Finally Become a Mine?

The substantial investment marks the most serious step toward development the project has seen in years. If the drilling program confirms its potential and the study demonstrates economic viability, Kalkaroo could progress toward becoming one of the next major copper–gold mines in the region.

Industry observers say the deal signals growing confidence in South Australia’s copper future, especially as demand for copper continues to rise globally.
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