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CORPORATE HISTORY

Havilah Resources NL was formed in late 1996 to explore for gold and other metals in South Australia. In mid 1997 Lion Selection Group Ltd became a cornerstone investor in Havilah and subsequently invested $1.9m.

Havilah listed on the ASX on 21st March 2002, following a successful $6 million capital raising. Since then the Company has patiently acquired a strategic, 100% owned ground holding in the Curnamona Craton, now covering more than 6000 square kilometres of highly prospective Broken Hill age rocks. The potential of this region for major mineral deposits has been confirmed by Havilah’s announcement in February 2005 of an 80 million tonne copper-gold-molybdenum deposit at Kalkaroo plus encouraging drilling results from several other projects, notably North Portia, Portia and Mutooroo Mine.

In April 2005, Havilah sponsored the ASX listing of Curnamona Energy Limited, a vehicle formed specifically to hold its Tertiary uranium exploration interests in the Curnamona Craton. Havilah shareholders received a 1:8 priority entitlements offer in Curnamona Energy, which was heavily oversubscribed and raised $5.6 million. Havilah retains a 47.7% interest in Curnamona Energy. In June 2005, Havilah divested its original Gawler Craton properties in return for a 10% holding in Monax Mining Limited, in which Havilah shareholders will receive a 1:3 priority offer. Havilah also holds tenements over a prospective hot dry rock project in the Curnamona Craton.

Havilah’s prime objective is to add maximum shareholder value through successful mineral exploration and development and to this end it will remained focussed on exploration of its promising Curnamona Craton mineral projects.


INVESTMENT HIGHLIGHTS

  • A strategic ground position in the Curnamona Craton, an under-explored world class Proterozoic basemetal-gold-uranium province in a logistically favourable area of South Australia.

  • An unsurpassed geological and geophysical database assembled by major companies and successive pro-development state governments.

  • Scientific approach to exploration involving routine use of 3D data analysis and modelling techniques to assist drill targeting. This approach increases the possibility of early drilling success, resulting in more efficient and effective use of available funds.

  • A major copper-gold-molybdenum resource drilled at Kalkaroo, and encouraging results at several other advanced projects.

  • Directors and managers experienced and successful in exploration, mining and financing.

  • 71 million shares, 65% owned by the top twenty shareholders.

DIRECTORS

Keith Robert Johnson
Chairman
BSc(Hons), PhD, FAusIMMDr Bob Johnson, a geologist, is one of the world’s leading practitioners of the application of computers to geological modelling and mine planning.

His company, Maptek Pty Ltd, is a major supplier of technical mining software, with a network of offices across Australia, North and South America, Africa and Europe marketing the interactive Maptek Vulcan mining system. This experience has provided a broad understanding of orebodies and the role of 3D geometry in structural geology.

Dr Johnson, a resident of Adelaide, is a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the American Society of Mining Engineers. He is also Chairman of Curnamona Energy Limited.

Christopher William Giles
Director
BSc(Hons), PhD, MAIG

Dr Chris Giles is an experienced geologist having supervised exploration programmes for a variety of organisations all over the world.

During his career he has worked on exploration teams that have been directly responsible for the discovery of six operating gold mines. Prior to joining Havilah, he was a joint founder and investor in East African Gold Mines Limited, responsible for ground selection and supervising initial exploration programmes that resulted in the discovery of two substantial gold deposits in the Mara region of Tanzania, which are currently in production.

Dr Giles is a resident of Adelaide and a Member of the Australian Institute of Geoscientists.

Mr Kenneth Graham Williams
Non-Executive Director
B.Econ (Hons), M Appl Fin

Mr Ken Williams has extensive experience in mining finance, complementing the technical skills of the other directors.

He has previously held roles in the treasury operations at Qantas Airways Limited and Normandy Mining Limited, before becoming Chief Financial Officer of Normandy. Until March 2003, Mr Williams was Group Executive Finance & Business Management at Newmont Australia Limited.

Mr Williams is also a Director of ASX listed company Advanced Magnesium Limited and Queensland Cotton Holdings Limited. Mr Williams is a resident of Adelaide and a member of the Australian Institute of Company Directors and the Finance and Treasury Association. He brings a strong financial background to the Board.