Havilah Resources announces new copper drilling results at Mutooroo

Havilah Resources Limited (ASX:HAV) has reported new copper drilling results at the Mutooroo copper-cobalt-gold deposit, located 60 km southwest of Broken Hill. The drilling intersected well mineralized sulphide lodes, highlighting the potential for resource expansion at relatively shallow depths, which could be accessible by open pit mining methods. The company is also commencing the JX Advanced Metals Corporation (JXAM) study program, with the completion of 8 reverse circulation (RC) precollar drillholes at Mutooroo in preparation for diamond drill core tails to obtain metallurgical samples.

Executive Commentary on Mutooroo Drilling Results

Expanding the Mutooroo resource base is a priority for Havilah as a larger resource and an increased scale strengthens the economic development case of the project. This shallow drilling program achieved its objective of intersecting significant copper-cobalt-gold sulphide mineralisation well outside of the Mutooroo mineral resource envelope and at potentially open pit depths. On another note we are very pleased to have commenced work on the JXAM study program with drilling of precollar holes that will facilitate early collection of metallurgical samples.

Summary of Mutooroo Drilling Results and Outlook

Havilah Resources has successfully expanded the Mutooroo copper-cobalt-gold deposit with promising drilling results, indicating the potential for resource expansion at relatively shallow depths suitable for open pit mining methods. The company's focus on increasing the resource base and scale of the project aligns with its economic development objectives. The commencement of the JX Advanced Metals Corporation (JXAM) study program further underscores Havilah's commitment to advancing the project. The company aims to continue drilling to complete the next tier of resource upgrade and extension drillholes at depths of roughly 150 - 200 metres below the surface. Havilah's Mutooroo project, with its high grades of copper and cobalt in the sulphide ore, holds the potential for a conceptual open cut mine transitioning to a longer-term underground mining operation. The company's aspirations also include the discovery of additional sulphide resources and the potential revenue from byproduct cobalt, gold, and sulphur, which will be a key focus of the JXAM study program.