Adelaide, April 12, 2017 AEST (ABN Newswire) - The Board of Directors submits herewith the Interim Financial Report of Havilah Resources Limited (ASX:HAV) (the 'Company') and its subsidiaries (the 'Group') for the financial half-year ended 31 January 2017 (the 'financial half-year').

Highlights - Group Operations

- Portia Gold Mine total gold sales exceed 20,000 ounces (10,000 ounces attributable to Havilah).

- Approvals received for 120 metre south wall cutback to the Portia Gold Mine, which will potentially extend the mining operations by a further 12 months.

- Actively pursuing development options for the Kalkaroo Copper-Gold and Mutooroo Copper-Cobalt Projects in light of the favourable outlook for copper and cobalt.

- New government-supported exploration drilling programs commenced on high potential copper and gold targets in the Benagerie dome and tin targets at Prospect Hill.

Highlights - Corporate Activity

- Investec Loan and Risk Management Facility debt fully repaid and associated hedge of 10,000 ounces of gold delivered.

- Half-year profit after tax of $3.431 million.

- Raised $0.798 million through the exercise of listed and unlisted options.

- New website and social media platforms launched.

To view the full report, please visit:
http://abnnewswire.net/lnk/359BB4B8


About Havilah Resources Ltd

Havilah Resources LtdHavilah Resources Ltd (ASX:HAV) has successfully financed and developed its first gold mine at Portia in north-eastern South Australia, which is a high margin operation producing a steady cash flow. It plans to follow on with two copper-gold developments that can potentially support an initial production of at least 34,000 tonnes of copper and 105,000 ounces of gold annually. This is underpinned by a JORC minerals resource inventory of over 900,000 tonnes of copper and 2.4 million ounces of gold.

     


Contact

Havilah Resources Ltd
T: +61-8-8338-9292
F: +61-8-8338-9293
E: info@havilah-resources.com.au
WWW: www.havilah-resources.com.au



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