Tillkännagivande • Jul 27
Havilah Resources Limited Commences RC Drilling At Brooks Dam Prospect And Provides Kalkaroo Update Havilah Resources Limited reported that RC drilling has commenced on the Brooks Dam prospect lying approximately 12 km northwest of Kalkaroo in the Curnamona Province of northeastern South Australia. This is after more than two months of delay due to abnormally heavy and persistent rainstorms across the region that had prevented access of heavy drilling equipment. The Brooks Dam prospect drilling is being funded under the SAA with Sandfire. The Brooks Dam prospect is marked by coincident, strong copper, gold, lead, zinc soil and lag geochemical anomalies flanking what is interpreted to be a faulted regional anticlinal closure. The prospect area has one of only two known outcrops in the entire region of the interpreted Kalkaroo stratabound host horizon (K2 unit), which at this location is a gossan-chert rock. Many previous Newcrest Mining Limited aircore drillholes during 1997 hit the gossan-chert (ironstone) horizon but could not penetrate it due to its hardness. The objective of the RC drilling program at Brooks Dam is to drill through the gossan-chert horizon in several locations to determine the thickness and extent of any possible primary sulphide mineralisation at depth. The exploration target is the interpreted Kalkaroo stratabound host horizon (K2 unit) that coincides with strong copper, gold, lead and zinc soil and lag geochemical sample anomalies. The prospect area has one of only two known outcrops in the entire region of the interpreted Kalkaroo stratabound host horizon (K2 unit), which at this location is a gossan-chert rock. The objective of the RC drilling program at Brooks Dam is to drill through the gossan-chert horizon in several locations to determine the thickness and extent of any possible primary sulphide mineralisation at depth. The information in this announcement that relates to Exploration Results is based on data and information compiled by geologist Dr Chris Giles, a Competent Person who is a member of The Australian Institute of Geoscientists. Havilah notes that it intends to release the results of the drilling that is currently underway on the Brooks Dam prospects when all drilling sample assays are available from the analytical laboratory within the next few weeks. Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Non-Executive Director Victor Previn was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 30
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Non-Executive Director Victor Previn was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Oct 07
Havilah Resources Limited, Annual General Meeting, Dec 17, 2025 Havilah Resources Limited, Annual General Meeting, Dec 17, 2025. Tillkännagivande • Jul 29
Havilah Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million. Havilah Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 11,111,112
Price\Range: AUD 0.18
Transaction Features: Subsequent Direct Listing Board Change • Dec 30
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Non-Executive Director Victor Previn was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Nov 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 34% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (87% net profit margin). Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Revenue is less than US$5m (AU$6.4m revenue, or US$4.2m). Market cap is less than US$100m (€41.0m market cap, or US$44.6m). New Risk • Oct 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended January 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$8.1k revenue, or US$5.3k). Minor Risks Latest financial reports are more than 6 months old (reported January 2024 fiscal period end). Share price has been volatile over the past 3 months (9.5% average weekly change). Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Market cap is less than US$100m (€43.1m market cap, or US$46.5m). Tillkännagivande • Oct 08
Havilah Resources Limited, Annual General Meeting, Dec 18, 2024 Havilah Resources Limited, Annual General Meeting, Dec 18, 2024. New Risk • Sep 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$8.1k revenue, or US$5.6k). Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Market cap is less than US$100m (€40.5m market cap, or US$45.2m). Tillkännagivande • Aug 28
Havilah Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 4.071075 million. Havilah Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 4.071075 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,617,086
Price\Range: AUD 0.18
Transaction Features: Rights Offering New Risk • Feb 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Revenue is less than US$1m (AU$8.1k revenue, or US$5.2k). Minor Risk Market cap is less than US$100m (€29.6m market cap, or US$31.7m). Reported Earnings • Oct 31
Full year 2023 earnings released: EPS: AU$0.009 (vs AU$0.009 loss in FY 2022) Full year 2023 results: EPS: AU$0.009 (up from AU$0.009 loss in FY 2022). Revenue: AU$6.92m (up AU$6.86m from FY 2022). Net income: AU$2.93m (up AU$5.86m from FY 2022). Profit margin: 42% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Oct 10
Havilah Resources Limited, Annual General Meeting, Dec 20, 2023 Havilah Resources Limited, Annual General Meeting, Dec 20, 2023. Agenda: To consider re-election of directors. Tillkännagivande • Aug 10
Havilah Resources Limited (ASX:HAV) signed an agreement to acquire Non-core exploration lease EL 6299 from GBM Resources Limited (ASX:GBZ) for AUD 0.1 million. Havilah Resources Limited (ASX:HAV) signed an agreement to acquire Non-core exploration lease EL 6299 from GBM Resources Limited (ASX:GBZ) for AUD 0.1 million on August 8, 2023. Havilah Resources will pay AUD 0.05 million on completion of transfer of the tenement and the rest on commencement of first commercial production of iron ore. Reported Earnings • Apr 15
First half 2023 earnings released: EPS: AU$0.004 (vs AU$0.004 loss in 1H 2022) First half 2023 results: EPS: AU$0.004 (up from AU$0.004 loss in 1H 2022). Net income: AU$1.38m (up AU$2.71m from 1H 2022). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jan 25
Havilah Resources Limited Reports Good Progress on the Study Program, Exploration Drilling Under the Curnamona Province Strategic Alliance and Tad Incubator Initiatives Havilah Resources Limited reported good progress on the Study Program, exploration drilling under the Curnamona Province Strategic Alliance (Strategic Alliance) and TAD (Think and Act Differently) incubator initiatives, all funded by OZ Minerals Limited. As a result of unavoidable delays caused by unseasonably heavy rains and receipt of requisite land access approvals, Havilah and OZ Minerals have agreed to a 69 day extension to the Study Program under the force majeure provisions. This will have the effect of extending the period for exercise of the Kalkaroo Option by 69 days to 10 May 2024 (if not exercised earlier or further extended). The exploration drilling program is initially focusing on 7 separate high priority copper prospect areas within Havilah's 100% owned exploration licence (EL) 6659 within 15km of the Kalkaroo copper-gold-cobalt project (Kalkaroo). The objective is to locate additional copper resources close to Kalkaroo that could be additive to the existing Kalkaroo JORC Mineral Resource and so enhance its development prospects. At the time of writing 37 reverse circulation (RC) percussion drillholes had been completed for a total of approximately 6,772 metres on 4 of these copper prospects, namely Johnson Dam, Deep Well, Main Dome NW and Kalkaroo West prospects. 2,332 drill samples have been submitted to an Adelaide assay laboratory. Detailed reporting and geological interpretations will be provided upon receipt of complete laboratory assay results and subsequent evaluation by geologists, including the relevant Competent Person. The Johnson Dam copper anomalous sulphide gossan (ironstone) was drilled first and intersected an approximately 30 metre thick quartz-carbonate-sulphide zone in several drillholes. It was initially recognised during 1988 by CSR Exploration who reported rock chip samples of gossanous ironstone assaying over 1,000 ppm copper. The gossan outcrops over 1 km of strike and is coincident in part with a linear magnetic feature, which may represent a possible shear zone. Drilling is presently concentrated on the Kalkaroo West prospect area on the possible western strike extensions of the Kalkaroo fault zone that is an interpreted major control on the Kalkaroo mineralisation. One diamond drilling rig is currently operating on 2 shifts within mining lease (ML) 6498 during the phase 1 drilling program. Initially 30 diamond drillholes are planned including 7 geotechnical holes and 23 holes that twin existing Havilah RC drillholes. This drilling program has several key objectives: Resource verification and checking for any bias in Havilah's earlier drilling results. Obtaining representative metallurgical bulk samples. Gathering detailed structural information for geotechnical inputs to inform open pit designs. Evaluating data quality of historical Havilah drilling programs. OZ Minerals has set up its own drillcore logging, cutting and density measurement facilities on site to handle the expected volume of drillcore and has assigned 3 experienced geologists to this task. Orexplore Technologies Limited (Orexplore) has established a core scanning facility on site using its GeoCore X10 hardware and its Insight software. The site is presently scanning historical drillcore and producing digital core models that are able to be remotely interpreted by the geology and study teams. The scanning is able to generate a high resolution 3D digital data set containing structural, mineralogical, textural, density, and other information that can deliver improved orebody knowledge and help to design optimised processing facilities. This process effectively results in a cloud-based virtual core farm that can be viewed digitally at any time. A primary objective of this work is to evaluate the variability of physical properties, mineralogy and other orebody attributes across the Kalkaroo orebody to complement resource modelling and metallurgical studies. A temporary 33 person fully catered camp to accommodate OZ Minerals and other contract personnel working on site is now operational. This will relieve the pressure on Havilah's exploration camp that has provided the bulk of accommodation of site personnel over the last several months and will offer more comfortable accommodation for a greater number of personnel working on site. According to the stated TAD objectives, this work is designed to create value by having the ability to assess and carry many more options, with greater speed and with the inclusion of a much more diverse set of perspectives than might be traditionally done when assessing a project like Kalkaroo. Orexplore drillcore scanning at Kalkaroo is a TAD incubator initiative. The core scanning data will be integrated with a new Kalkaroo base geological model and resource block model being compiled by TAD ecosystem companies using Havilah's historic database. The immediate objective is to generate optimised mining and processing plans that will form the basis for a fast-tracked economic model that is planned to be delivered by mid-year. Board Change • Nov 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Non-Executive Director Victor Previn was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 01
Full year 2022 earnings released: AU$0.009 loss per share (vs AU$0.008 loss in FY 2021) Full year 2022 results: AU$0.009 loss per share (further deteriorated from AU$0.008 loss in FY 2021). Net loss: AU$2.93m (loss widened 24% from FY 2021). Production and reserves: Gold Proved and probable reserves (ore): 100.1 Mt (100.1 Mt in FY 2021) Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Victor Previn was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 12
First half 2022 earnings released First half 2022 results: Net income: (up AU$997.2k from 1H 2021). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 27
Full year 2021 earnings released: AU$0.008 loss per share (vs AU$0.019 loss in FY 2020) Full year 2021 results: Net loss: AU$2.36m (loss narrowed 50% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Oct 29
Full year earnings released - €0.019 loss per share Over the last 12 months the company has reported total losses of AU$4.73m, with losses narrowing by 36% from the prior year.