Key Discoveries by Havilah Resources Ltd Transform Mining Prospects

Promising Multi-Metal Discovery Shows Significant Exploration Potential

The Johnson Dam prospect, located approximately 14 kilometers south-southwest of Havilah Resources Ltd's flagship Kalkaroo copper-gold-cobalt deposit, is showing remarkable promise as a potential hard rock uranium resource with associated copper and critical minerals.

The recent drilling program has confirmed high-grade uranium mineralisation over a 400-metre strike length, with potential for significant expansion along several kilometers of untested prospective granite contact zone. What makes this discovery particularly noteworthy is the multi-metal nature of the mineralisation, with drilling also intercepting:

• 9 metres of 0.33% copper and 411 ppm cobalt from 68 metres in hole KKRC0711
• 9 metres of 0.19% copper and 241 ppm cobalt from 153 metres in hole KKRC0712
• 48 metres of 211 ppm neodymium (a rare earth element) in clay-rich saprolite from surface in hole KKRC0713

"Our drilling at Johnson Dam continues to show that this is a very mineralised area, with high grades of hard rock uranium now confirmed over 400 metres of strike," said Dr. Chris Giles, Havilah's Technical Director.

High-Grade Uranium Results Excite Market

In a significant development for Australia's critical minerals sector, Havilah Resources (ASX: HAV) has reported exceptional uranium mineralisation at its Johnson Dam prospect, including 4 metres of 3,643 ppm U3O8 in its second round of reverse circulation drilling. The standout intersection included 1 metre at 8,984 ppm U3O8—the highest-grade uranium intercept recorded at the prospect to date.

These discoveries by Havilah Resources Ltd come at a pivotal moment when uranium prices are strengthening amid growing global interest in nuclear energy as a clean power source.

Favourable Development Characteristics

The Johnson Dam prospect offers several advantages that could enhance future development opportunities:

Furthermore, the regional infrastructure and Havilah's existing development plans for the nearby Kalkaroo project could provide operational synergies, potentially reducing capital requirements for any future development at Johnson Dam.

Understanding Hard Rock Uranium Deposits

Unlike the more common sandstone-hosted uranium deposits found in many parts of Australia, the Johnson Dam mineralisation appears to be a hard rock uranium deposit. These deposits typically form when uranium-bearing fluids interact with chemically favorable host rocks.

Hard rock uranium deposits contain uranium minerals that are found within solid rock formations rather than in loose, permeable sediments. These deposits often require more conventional mining techniques, such as open-pit or underground mining, rather than the in-situ leaching methods commonly used for sandstone-hosted deposits.

At Johnson Dam, the uranium mineralisation is interpreted to be controlled by the nearby regional granite contact. The uranium (and rare earth elements) appears to have been introduced by mineralising fluids emanating from the adjacent granite intrusion, which then chemically reacted when encountering reducing carbonaceous pelite (a type of carbon-rich metamorphic rock).

Geological Setting Suggests Broader Potential

This geological setting—with many kilometers of granite in proximity to carbonaceous pelite in the area southwest of Kalkaroo—highlights the significant exploration potential for discovering additional uranium-rare earth element mineralisation in the region.

The discoveries by Havilah Resources Ltd suggest that the Johnson Dam prospect may represent just the first discovery in a much larger mineralised system. The company's geologists have identified several kilometers of prospective granite-pelite contact zones that remain untested.

Strategic Importance in the Global Critical Minerals Supply Chain

The discoveries by Havilah Resources Ltd come at a time when uranium and critical minerals are gaining strategic importance globally:

1. Nuclear Renaissance: Growing interest in nuclear energy as a low-carbon power source is driving renewed demand for uranium
2. Critical Minerals Focus: Cobalt and rare earth elements found at Johnson Dam are essential for clean energy technologies and defence applications
3. Supply Chain Security: Western nations are actively seeking secure supplies of these materials outside of traditional sources

The presence of multiple critical minerals in a single deposit, located in the stable mining jurisdiction of South Australia, positions these discoveries by Havilah Resources Ltd as potentially significant in addressing supply chain concerns.

Future Exploration Strategy

Havilah's interpretation of the uranium mineralisation being controlled by the nearby regional granite contact opens up a large hard rock uranium exploration area southwest of Kalkaroo. The company's geologists believe there are many kilometers of prospective granite-pelite contact zones that remain untested.

The current drilling program builds on Havilah Resources Ltd's 2023 discovery at Johnson Dam, which included promising uranium intersections such as:

• 6 metres of 1,613 ppm U3O8 from 112 metres in hole KKRC0622
• 6 metres of 1,312 ppm U3O8 from 93 metres in hole KKRC0641

Why Investors Should Track Havilah Resources

Havilah Resources represents a compelling opportunity for investors interested in the critical minerals sector for several key reasons:

1. Multi-commodity exposure: The company offers exposure to copper, gold, uranium, cobalt, and rare earth elements in a single investment
2. Strategic location: Projects are located in South Australia, a stable mining jurisdiction with excellent infrastructure
3. Development pipeline: With the flagship Kalkaroo copper-gold-cobalt project anchoring the portfolio, emerging prospects like Johnson Dam add significant exploration upside
4. Metallurgical advantage: Preliminary testing indicates excellent uranium recoveries exceeding 90%
5. Untapped potential: Several kilometers of prospective granite contact remain unexplored

For investors looking for exposure to the uranium sector and critical minerals, Havilah Resources offers a unique combination of near-term development potential through Kalkaroo and compelling exploration upside through prospects like Johnson Dam.

As global demand for clean energy metals continues to grow, companies with diverse portfolios of strategic minerals in stable jurisdictions are likely to attract increasing attention from both investors and potential strategic partners. The recent discoveries by Havilah Resources Ltd at Johnson Dam highlight the company's potential to become a significant player in Australia's critical minerals sector.

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