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.
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