Historic exploration results dating back more than four decades showed that Havilah Resources Curnamona Province tenements held high potential for discovery of palaeochannel hosted Tertiary age uranium deposits. In 2004, when interest began to be re-kindled in uranium owing to a growing demand from the nuclear power industry, Havilah formed Curnamona Energy Limited, specifically to explore for Tertiary palaeochannel uranium deposits on its exploration licences. Curnamona Energy’s exclusive exploration and development rights for all Tertiary sediment hosted uranium deposits that it discovers on Havilah’s tenements was secured via a tenement access agreement.
In April 2005, Havilah sponsored a capital raising and ASX listing of Curnamona Energy via a 1:8 priority entitlements offer of shares in Curnamona Energy to Havilah Resources shareholders. This issue was heavily oversubscribed and raised $5.6 million. After a subsequent placement of $6 million in April 2007, Havilah retains a 45.4% interest in Curnamona Energy.
Since listing on the ASX, Curnamona Energy has gone about systematically exploring the Havilah tenements, and several tenements that it has acquired in its own right. The target is Tertiary age, sand-hosted uranium deposits that are amenable to low cost in situ recovery extraction methods. The isolation of Curnamona Energy’s exploration areas, and the difficulty of securing drilling contractors early on, prompted the Company to acquire its own drilling and well logging equipment and to develop its own drilling expertise. This has served the Company well, leading to definition of the Oban uranium deposit and announcement of a maiden inferred resource estimate of 2,100 tonnes of eU3O8 at Oban in June 2009.
At the end of 2009, Curnamona Energy maintains an active exploration program on more than 6000 km2 of highly prospective tenements and is commencing feasibility test work on its Oban deposit, including a field recovery trial.
Keith Robert Johnson
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
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 several operating gold mines. Prior to joining Havilah, he was responsible for ground selection and supervising 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
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 AWE Limited. Mr Williams is a resident of Adelaide and a member of the Australian Institute of Company Directors. He brings a strong financial background to the Board.